Zacks Investment Research downgraded shares of CSW Industrials (NASDAQ:CSWI) from a buy rating to a hold rating in a report issued on Thursday.

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. “

A number of other analysts also recently commented on CSWI. FBR & Co reaffirmed a buy rating on shares of CSW Industrials in a research report on Friday, September 22nd. B. Riley reaffirmed a buy rating and set a $60.00 price target (up from $48.00) on shares of CSW Industrials in a research report on Wednesday, November 1st. Sidoti started coverage on CSW Industrials in a research report on Wednesday, December 20th. They set a neutral rating for the company. Finally, BidaskClub downgraded CSW Industrials from a hold rating to a sell rating in a research report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. CSW Industrials currently has a consensus rating of Hold and a consensus price target of $55.50.

Shares of CSW Industrials (NASDAQ CSWI) traded up $0.10 on Thursday, hitting $46.00. The company had a trading volume of 27,043 shares, compared to its average volume of 26,367. The company has a quick ratio of 2.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $734.62, a P/E ratio of 38.33 and a beta of 1.35. CSW Industrials has a one year low of $34.05 and a one year high of $50.00.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.01. The company had revenue of $90.40 million during the quarter, compared to the consensus estimate of $91.52 million. CSW Industrials had a return on equity of 10.77% and a net margin of 5.39%. CSW Industrials’s revenue was up 12.9% on a year-over-year basis. During the same period last year, the business posted $0.48 earnings per share. sell-side analysts anticipate that CSW Industrials will post 1.99 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN grew its holdings in CSW Industrials by 16.1% during the second quarter. Wells Fargo & Company MN now owns 1,196,004 shares of the basic materials company’s stock valued at $46,225,000 after purchasing an additional 165,559 shares during the period. Zuckerman Investment Group LLC grew its holdings in CSW Industrials by 0.4% during the third quarter. Zuckerman Investment Group LLC now owns 966,214 shares of the basic materials company’s stock valued at $42,852,000 after purchasing an additional 4,055 shares during the period. Janus Henderson Group PLC grew its holdings in CSW Industrials by 7.4% during the third quarter. Janus Henderson Group PLC now owns 964,571 shares of the basic materials company’s stock valued at $42,779,000 after purchasing an additional 66,815 shares during the period. Vanguard Group Inc. grew its holdings in CSW Industrials by 5.4% during the second quarter. Vanguard Group Inc. now owns 661,965 shares of the basic materials company’s stock valued at $25,586,000 after purchasing an additional 33,648 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in CSW Industrials by 24.3% during the second quarter. Lazard Asset Management LLC now owns 626,162 shares of the basic materials company’s stock valued at $24,201,000 after purchasing an additional 122,271 shares during the period. 67.79% of the stock is owned by institutional investors and hedge funds.

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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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