Weiss Ratings Reaffirms "Hold (C+)" Rating for CSW Industrials (NYSE:CSW)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C+)" rating for CSW Industrials, indicating a cautious outlook on the stock.
• Several brokerages have revised their price targets for CSW Industrials, with the current consensus target set at $302.40.
• CSW Industrials shares recently traded at $239.83, reflecting a significant decrease from its 1-year high of $436.50.

CSW Industrials (NYSE:CSW - Get Free Report)'s stock had its "hold (c+)" rating restated by Weiss Ratings in a note issued to investors on Tuesday,Weiss Ratings reports.

Several other brokerages have also commented on CSW. Wells Fargo & Company decreased their price target on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Truist Financial boosted their price target on CSW Industrials from $273.00 to $276.00 and gave the company a "hold" rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price target on CSW Industrials from $320.00 to $290.00 and set a "neutral" rating on the stock in a research note on Friday, October 3rd. Citigroup decreased their price target on CSW Industrials from $269.00 to $261.00 and set a "neutral" rating on the stock in a research note on Thursday, October 9th. Finally, Zacks Research lowered CSW Industrials from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 8th. Seven analysts have rated the stock with a Hold rating, Based on data from MarketBeat, CSW Industrials presently has an average rating of "Hold" and a consensus price target of $302.40.

CSW Industrials Stock Performance

Shares of NYSE:CSW traded up $3.96 during trading on Tuesday, hitting $239.83. 25,461 shares of the stock were exchanged, compared to its average volume of 131,426. CSW Industrials has a 1-year low of $230.45 and a 1-year high of $436.50. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 28.54 and a beta of 0.92. The company's fifty day simple moving average is $256.96 and its 200-day simple moving average is $284.93. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.86.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.23. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%.The company had revenue of $263.65 million for the quarter, compared to analyst estimates of $278.27 million. Sell-side analysts expect that CSW Industrials will post 8.49 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP James E. Perry sold 145 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $275.05, for a total transaction of $39,882.25. Following the completion of the transaction, the executive vice president directly owned 25,178 shares in the company, valued at approximately $6,925,208.90. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $250.00, for a total value of $250,000.00. Following the transaction, the chief executive officer directly owned 61,522 shares of the company's stock, valued at $15,380,500. This trade represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,412 shares of company stock valued at $901,427 over the last ninety days. 1.30% of the stock is owned by insiders.

Institutional Trading of CSW Industrials

A number of hedge funds have recently made changes to their positions in CSW. GAMMA Investing LLC lifted its position in shares of CSW Industrials by 117.6% in the first quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock valued at $86,000 after buying an additional 160 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of CSW Industrials by 9.3% in the first quarter. Fifth Third Bancorp now owns 401 shares of the basic materials company's stock valued at $117,000 after buying an additional 34 shares during the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of CSW Industrials by 5.1% in the first quarter. Conestoga Capital Advisors LLC now owns 603,277 shares of the basic materials company's stock valued at $175,867,000 after buying an additional 29,285 shares during the last quarter. Avior Wealth Management LLC lifted its position in shares of CSW Industrials by 37.2% in the first quarter. Avior Wealth Management LLC now owns 2,359 shares of the basic materials company's stock valued at $688,000 after buying an additional 639 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of CSW Industrials by 29.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 15,646 shares of the basic materials company's stock worth $4,561,000 after purchasing an additional 3,572 shares during the period. 82.79% of the stock is owned by institutional investors and hedge funds.

About CSW Industrials

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.

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