CSW Industrials (NASDAQ:CSWI) Downgraded to “Hold” at StockNews.com

CSW Industrials (NASDAQ:CSWI) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Separately, CL King began coverage on CSW Industrials in a research note on Friday, June 21st. They issued a “buy” rating on the stock.

CSW Industrials Price Performance

Shares of CSWI stock traded up $2.75 on Tuesday, reaching $342.96. 193,488 shares of the company were exchanged, compared to its average volume of 108,497. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 52.52, a P/E/G ratio of 2.52 and a beta of 0.77. CSW Industrials has a 1 year low of $167.27 and a 1 year high of $345.25. The business has a 50-day moving average price of $308.46 and a 200 day moving average price of $268.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.44 and a current ratio of 2.73.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.29. The firm had revenue of $226.18 million for the quarter, compared to the consensus estimate of $215.40 million. CSW Industrials had a return on equity of 19.19% and a net margin of 13.44%. During the same quarter last year, the business posted $1.97 earnings per share. Equities research analysts forecast that CSW Industrials will post 8.45 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $341.37, for a total value of $341,370.00. Following the completion of the sale, the chief executive officer now owns 51,579 shares in the company, valued at $17,607,523.23. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.40% of the company’s stock.

Institutional Trading of CSW Industrials

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSWI. Contravisory Investment Management Inc. raised its stake in shares of CSW Industrials by 48.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 38 shares in the last quarter. Harbor Investment Advisory LLC bought a new stake in CSW Industrials during the first quarter worth about $58,000. SG Americas Securities LLC bought a new position in CSW Industrials in the 1st quarter valued at $148,000. Russell Investments Group Ltd. grew its holdings in shares of CSW Industrials by 20,750.0% during the first quarter. Russell Investments Group Ltd. now owns 834 shares of the basic materials company’s stock worth $196,000 after purchasing an additional 830 shares during the last quarter. Finally, TCI Wealth Advisors Inc. bought a new stake in shares of CSW Industrials during the first quarter valued at approximately $202,000. 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.