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

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

Separately, CL King assumed coverage on shares of CSW Industrials in a report on Friday, June 21st. They set a “buy” rating for the company.

CSW Industrials Stock Performance

Shares of NASDAQ CSWI traded up $2.75 during trading hours on Tuesday, reaching $342.96. 193,488 shares of the stock were exchanged, compared to its average volume of 108,497. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.44 and a current ratio of 2.73. The stock’s fifty day simple moving average is $308.46 and its 200 day simple moving average is $268.49. CSW Industrials has a 52 week low of $167.27 and a 52 week high of $345.25. The firm has a market capitalization 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 (NASDAQ:CSWI) last released its earnings results on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.29. The firm had revenue of $226.18 million for the quarter, compared to analysts’ expectations 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 in the previous year, the business posted $1.97 earnings per share. Sell-side analysts predict that CSW Industrials will post 8.45 EPS for the current year.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $285.79, for a total transaction of $285,790.00. Following the transaction, the chief executive officer now owns 53,579 shares of the company’s stock, valued at $15,312,342.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CSW Industrials

Institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in shares of CSW Industrials during the 2nd quarter worth $631,000. Truist Financial Corp bought a new position in shares of CSW Industrials during the second quarter valued at about $203,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of CSW Industrials in the second quarter worth approximately $1,061,000. Creative Planning increased its holdings in CSW Industrials by 47.8% during the 2nd quarter. Creative Planning now owns 5,346 shares of the basic materials company’s stock valued at $1,418,000 after purchasing an additional 1,729 shares during the period. Finally, Algert Global LLC purchased a new position in CSW Industrials during the 2nd quarter valued at $415,000. 82.79% of the stock is owned by institutional investors.

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.