CSW Industrials (CSWI) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of CSW Industrials (NASDAQ:CSWI) from a hold rating to a buy rating in a report issued on Saturday morning, BidAskClub reports.

CSWI stock opened at $60.18 on Friday. CSW Industrials has a twelve month low of $41.50 and a twelve month high of $61.61. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.81 and a quick ratio of 1.67. The company has a market cap of $919.37 million, a PE ratio of 24.21 and a beta of 1.30.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings results on Tuesday, February 5th. The basic materials company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. The business had revenue of $77.50 million during the quarter, compared to the consensus estimate of $73.13 million. CSW Industrials had a net margin of 11.15% and a return on equity of 15.05%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 earnings per share.

The firm also recently disclosed a special dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 8th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Tuesday, May 7th.

In other CSW Industrials news, Chairman Joseph B. Armes sold 5,000 shares of CSW Industrials stock in a transaction on Friday, February 15th. The shares were sold at an average price of $56.07, for a total value of $280,350.00. Following the completion of the transaction, the chairman now owns 61,345 shares of the company’s stock, valued at $3,439,614.15. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in CSW Industrials by 4.4% in the fourth quarter. BlackRock Inc. now owns 1,066,958 shares of the basic materials company’s stock worth $51,588,000 after purchasing an additional 45,383 shares during the period. Vanguard Group Inc boosted its holdings in CSW Industrials by 0.7% in the third quarter. Vanguard Group Inc now owns 729,771 shares of the basic materials company’s stock worth $39,188,000 after purchasing an additional 5,060 shares during the period. Vanguard Group Inc. boosted its holdings in CSW Industrials by 0.7% in the third quarter. Vanguard Group Inc. now owns 729,771 shares of the basic materials company’s stock worth $39,188,000 after purchasing an additional 5,060 shares during the period. Dimensional Fund Advisors LP boosted its holdings in CSW Industrials by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 512,521 shares of the basic materials company’s stock worth $24,780,000 after purchasing an additional 10,450 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in CSW Industrials by 8.8% in the third quarter. Renaissance Technologies LLC now owns 279,590 shares of the basic materials company’s stock worth $15,014,000 after purchasing an additional 22,690 shares during the period. 73.18% of the stock is owned by hedge funds and other institutional investors.

CSW Industrials Company Profile

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. The company operates through two segments, Industrial Products 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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