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 Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued on Tuesday,Zacks.com reports.

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

CSW Industrials Stock Down 0.0%

CSW Industrials stock traded down $0.07 during mid-day trading on Tuesday, reaching $265.51. The company's stock had a trading volume of 121,746 shares, compared to its average volume of 130,436. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 31.72 and a beta of 0.91. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.86. The business's 50 day simple moving average is $278.27 and its 200 day simple moving average is $293.80. 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 announced its quarterly 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 firm had revenue of $263.65 million during the quarter, compared to analysts' expectations of $278.27 million. CSW Industrials had a net margin of 15.18% and a return on equity of 13.78%. As a group, research analysts anticipate that CSW Industrials will post 8.49 earnings per share for the current year.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $259.36, for a total transaction of $259,360.00. Following the sale, the chief executive officer directly owned 62,522 shares of the company's stock, valued at $16,215,705.92. The trade was a 1.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert M. Swartz sold 200 shares of the company's stock in a transaction 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 sale, the director directly owned 12,319 shares in the company, valued at approximately $3,084,308.03. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,412 shares of company stock valued at $1,247,397. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CSW. Matrix Trust Co raised its holdings in CSW Industrials by 91.1% during the second 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 holdings in shares of CSW Industrials by 517.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 88 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of CSW Industrials by 526.3% in the first quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 100 shares during the last quarter. Whittier Trust Co. purchased a new stake in shares of CSW Industrials in the first quarter valued at about $59,000. Finally, Harbor Investment Advisory LLC raised its holdings in shares of CSW Industrials by 27.3% in the second quarter. Harbor Investment Advisory LLC now owns 275 shares of the basic materials company's stock valued at $79,000 after purchasing an additional 59 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.

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.