Zacks Research Upgrades CSW Industrials (NYSE:CSW) to Strong-Buy

Key Points

• Zacks Research upgraded CSW Industrials from a "hold" rating to a "strong-buy" rating, signaling increased confidence in the company's stock potential.
• CSW Industrials reported $2.85 earnings per share, exceeding analysts' expectations of $2.62, while the company's revenue fell short of estimates at $263.65 million.
• Recent insider trading activity included the sale of shares by CEO Joseph B. Armes and EVP James E. Perry, reflecting a slight decrease in their stock holdings.

CSW Industrials (NYSE:CSW - Get Free Report) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Tuesday, September 2nd,Zacks.com reports.

A number of other research analysts also recently commented on the stock. Truist Financial set a $273.00 target price on shares of CSW Industrials and gave the company a "hold" rating in a research report on Tuesday, August 5th. Citigroup raised their price target on shares of CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Finally, Wells Fargo & Company lowered their price target on shares of CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $319.75.

CSW Industrials Stock Down 5.9%

NYSE CSW traded down $15.85 during trading on Tuesday, reaching $250.72. 54,958 shares of the company's stock traded hands, compared to its average volume of 129,973. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.86 and a quick ratio of 1.48. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 29.95 and a beta of 0.91. The company's 50 day simple moving average is $277.47 and its two-hundred day simple moving average is $293.54. CSW Industrials has a 12-month low of $241.99 and a 12-month high of $436.50.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its earnings results on Thursday, July 31st. The basic materials company reported $2.85 EPS for the quarter, beating analysts' consensus estimates of $2.62 by $0.23. The business had revenue of $263.65 million for the quarter, compared to the consensus estimate of $278.27 million. CSW Industrials had a net margin of 15.18% and a return on equity of 13.78%. As a group, sell-side analysts forecast that CSW Industrials will post 8.49 EPS for the current fiscal year.

Insider Activity at CSW Industrials

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $250.37, for a total transaction of $50,074.00. Following the completion of the transaction, the director directly owned 12,319 shares of the company's stock, valued at approximately $3,084,308.03. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP James E. Perry sold 145 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $275.05, for a total transaction of $39,882.25. Following the transaction, the executive vice president directly owned 25,178 shares of the company's stock, valued at $6,925,208.90. This represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,412 shares of company stock valued at $1,247,397 over the last 90 days. Company insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On CSW Industrials

A number of institutional investors have recently bought and sold shares of CSW. Matrix Trust Co raised its position in CSW Industrials by 91.1% during the 2nd quarter. Matrix Trust Co now owns 86 shares of the basic materials company's stock worth $25,000 after buying an additional 41 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in CSW Industrials by 517.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company's stock worth $31,000 after buying an additional 88 shares during the last quarter. Versant Capital Management Inc raised its position in CSW Industrials by 526.3% during the 1st quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock worth $35,000 after buying an additional 100 shares during the last quarter. Whittier Trust Co. purchased a new position in CSW Industrials during the 1st quarter worth approximately $59,000. Finally, Harbor Investment Advisory LLC raised its position in CSW Industrials by 27.3% during the 2nd quarter. Harbor Investment Advisory LLC now owns 275 shares of the basic materials company's stock worth $79,000 after buying an additional 59 shares during the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

CSW Industrials Company Profile

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.