Zacks: CSW Industrials, Inc. (CSWI) Given $48.00 Consensus Price Target by Analysts
CSW Industrials, Inc. (NASDAQ:CSWI) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price target of $48.00 for the company and are anticipating that the company will post $0.54 EPS for the current quarter, according to Zacks. Zacks has also given CSW Industrials an industry rank of 93 out of 265 based on the ratings given to related companies.
CSWI has been the subject of several research analyst reports. FBR & Co restated an “outperform” rating on shares of CSW Industrials in a report on Tuesday, July 11th. BidaskClub upgraded CSW Industrials from a “hold” rating to a “buy” rating in a report on Thursday, July 13th.
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Institutional investors have recently made changes to their positions in the company. Teachers Advisors LLC boosted its position in shares of CSW Industrials by 3.2% in the fourth quarter. Teachers Advisors LLC now owns 23,649 shares of the basic materials company’s stock worth $871,000 after buying an additional 737 shares during the period. Nationwide Fund Advisors boosted its position in shares of CSW Industrials by 4.2% in the first quarter. Nationwide Fund Advisors now owns 9,317 shares of the basic materials company’s stock worth $342,000 after buying an additional 379 shares during the period. First Manhattan Co. boosted its position in shares of CSW Industrials by 2.0% in the first quarter. First Manhattan Co. now owns 831,606 shares of the basic materials company’s stock worth $26,935,000 after buying an additional 16,488 shares during the period. Punch & Associates Investment Management Inc. boosted its position in shares of CSW Industrials by 1.7% in the first quarter. Punch & Associates Investment Management Inc. now owns 177,349 shares of the basic materials company’s stock worth $6,509,000 after buying an additional 2,968 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of CSW Industrials by 13.5% in the first quarter. Wells Fargo & Company MN now owns 1,030,445 shares of the basic materials company’s stock worth $37,818,000 after buying an additional 122,859 shares during the period. Hedge funds and other institutional investors own 66.14% of the company’s stock.
CSW Industrials (NASDAQ:CSWI) traded up 4.04% during midday trading on Wednesday, hitting $39.95. The stock had a trading volume of 69,921 shares. CSW Industrials has a 52 week low of $29.25 and a 52 week high of $41.85. The firm has a market cap of $635.92 million, a price-to-earnings ratio of 57.07 and a beta of 1.38. The firm has a 50 day moving average of $38.71 and a 200 day moving average of $36.77.
CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Wednesday, August 9th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.08. The company had revenue of $98.03 million for the quarter, compared to the consensus estimate of $94.90 million. CSW Industrials had a return on equity of 9.95% and a net margin of 3.38%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. Equities research analysts predict that CSW Industrials will post $2.00 EPS for the current year.
About CSW Industrials
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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