CSW Industrials (CSWI) Downgraded to “Strong Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of CSW Industrials (NASDAQ:CSWI) from a buy rating to a strong sell rating in a research note published on Monday morning.

According to Zacks, “CSW Industrials, Inc. manufactures and sells industrial products; coatings, sealants, adhesives and specialty chemicals. The company offers HVAC mechanical, building and fire/smoke prevention, lubricating and filtration equipment for commercial construction, HVAC and rail companies. In addition, it offers engineered specialty lubricants and greases, degreasers and cleaners for oilfield, mining, industrial, rail and HVAC customers. The Company’s brand includes Novent, Goliath, Railplex, Paragon and Versatac.CSW Industrials, Inc. is based in Dallas, Texas. “

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A number of other brokerages have also issued reports on CSWI. BidaskClub lowered CSW Industrials from a hold rating to a sell rating in a report on Wednesday, December 27th. TheStreet lowered CSW Industrials from a b- rating to a c rating in a report on Tuesday, March 27th. Sidoti initiated coverage on CSW Industrials in a report on Wednesday, December 20th. They issued a neutral rating for the company. Finally, B. Riley set a $60.00 price objective on CSW Industrials and gave the stock a buy rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $56.00.

Shares of CSWI stock opened at $45.22 on Monday. CSW Industrials has a 12-month low of $34.75 and a 12-month high of $50.00. The company has a market capitalization of $717.02, a P/E ratio of 26.92 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.03 and a quick ratio of 1.99.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. CSW Industrials had a positive return on equity of 11.16% and a negative net margin of 4.49%. The business had revenue of $69.03 million during the quarter, compared to analyst estimates of $79.04 million. During the same period in the prior year, the company posted $0.12 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. equities research analysts forecast that CSW Industrials will post 2.01 EPS for the current fiscal year.

In other CSW Industrials news, Chairman Joseph B. Armes sold 4,250 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.89, for a total transaction of $195,032.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.10% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in CSW Industrials during the 3rd quarter valued at $129,000. Teacher Retirement System of Texas bought a new position in CSW Industrials during the 4th quarter valued at $250,000. Stone Ridge Asset Management LLC bought a new position in CSW Industrials during the 4th quarter valued at $258,000. MetLife Investment Advisors LLC acquired a new stake in shares of CSW Industrials during the 4th quarter valued at $283,000. Finally, Gotham Asset Management LLC lifted its position in shares of CSW Industrials by 19.0% during the 4th quarter. Gotham Asset Management LLC now owns 7,110 shares of the basic materials company’s stock valued at $327,000 after acquiring an additional 1,134 shares during the last quarter. 68.78% of the stock is owned by hedge funds and other institutional investors.

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CSW Industrials Company Profile

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. The company operates through three segments: Industrial Products; Coatings, Sealants and Adhesives; and Specialty Chemicals. The Industrial Products segment offers specialty mechanical products; fire and smoke protection products; architecturally-specified building products; and storage, filtration, and application equipment for use with specialty chemicals and other products.

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