CSW Industrials (CSWI) Cut to Strong Sell at BidaskClub
BidaskClub cut shares of CSW Industrials (NASDAQ:CSWI) from a sell rating to a strong sell rating in a report released on Friday morning.
A number of other brokerages have also recently issued reports on CSWI. B. Riley upped their target price on shares of CSW Industrials from $48.00 to $60.00 and gave the company a buy rating in a report on Wednesday, November 8th. Zacks Investment Research cut shares of CSW Industrials from a buy rating to a hold rating in a report on Thursday, January 4th. Finally, Sidoti started coverage on shares of CSW Industrials in a report on Wednesday, December 20th. They issued a neutral rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $56.00.
CSW Industrials (NASDAQ:CSWI) opened at $45.95 on Friday. CSW Industrials has a one year low of $34.05 and a one year high of $50.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.99 and a current ratio of 3.03. The company has a market cap of $733.78, a PE ratio of -45.95 and a beta of 1.24.
In other news, Chairman Joseph B. Armes sold 4,250 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.89, for a total value of $195,032.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC raised its holdings in CSW Industrials by 7.4% in the 3rd quarter. Janus Henderson Group PLC now owns 964,571 shares of the basic materials company’s stock valued at $42,779,000 after acquiring an additional 66,815 shares during the period. EAM Investors LLC bought a new position in CSW Industrials in the 4th quarter valued at about $2,213,000. King Luther Capital Management Corp bought a new position in CSW Industrials in the 3rd quarter valued at about $2,048,000. Dimensional Fund Advisors LP raised its holdings in CSW Industrials by 18.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 242,438 shares of the basic materials company’s stock valued at $10,752,000 after acquiring an additional 37,990 shares during the period. Finally, Vanguard Group Inc. raised its holdings in CSW Industrials by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 661,965 shares of the basic materials company’s stock valued at $25,586,000 after acquiring an additional 33,648 shares during the period. 68.73% of the stock is currently owned by institutional investors.
CSW Industrials Company Profile
CSW Industrials, Inc (CSWI) is a diversified industrial growth company. The Company operates through three segments: Industrial Products; Coatings, Sealants & Adhesives, and Specialty Chemicals. The Industrial Products segment consists of specialty mechanical products; fire and smoke protection products; architecturally specified building products, and storage, filtration and application equipment.
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