CSW Industrials (CSWI) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of CSW Industrials (NASDAQ:CSWI) from a sell rating to a hold rating in a research report report published on Thursday.

Several other research analysts have also issued reports on the company. Zacks Investment Research lowered CSW Industrials from a buy rating to a strong sell rating in a research report on Monday, April 16th. TheStreet lowered CSW Industrials from a b- rating to a c rating in a research report on Tuesday, March 27th. Finally, B. Riley set a $60.00 target price on CSW Industrials and gave the company a buy rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. CSW Industrials has an average rating of Hold and an average target price of $56.00.

Shares of CSW Industrials opened at $46.70 on Thursday, MarketBeat reports. CSW Industrials has a 1 year low of $34.85 and a 1 year high of $50.00. The stock has a market cap of $743.37 million, a P/E ratio of 27.80 and a beta of 1.21. The company has a current ratio of 3.03, a quick ratio of 1.99 and a debt-to-equity ratio of 0.15.



In other news, Chairman Joseph B. Armes sold 4,250 shares of the stock in a transaction dated Tuesday, April 17th. The stock was sold at an average price of $45.29, for a total value of $192,482.50. Following the transaction, the chairman now directly owns 70,689 shares of the company’s stock, valued at $3,201,504.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. UBS Group AG increased its holdings in shares of CSW Industrials by 39.5% in the first quarter. UBS Group AG now owns 7,770 shares of the basic materials company’s stock valued at $350,000 after purchasing an additional 2,202 shares during the period. Sei Investments Co. increased its holdings in shares of CSW Industrials by 6.4% in the first quarter. Sei Investments Co. now owns 44,268 shares of the basic materials company’s stock valued at $1,994,000 after purchasing an additional 2,677 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of CSW Industrials by 15.4% in the first quarter. Dimensional Fund Advisors LP now owns 344,431 shares of the basic materials company’s stock valued at $15,517,000 after purchasing an additional 46,043 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of CSW Industrials by 122.0% in the first quarter. JPMorgan Chase & Co. now owns 23,215 shares of the basic materials company’s stock valued at $1,045,000 after purchasing an additional 12,758 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of CSW Industrials by 8.7% in the first quarter. Northern Trust Corp now owns 191,494 shares of the basic materials company’s stock valued at $8,626,000 after purchasing an additional 15,254 shares during the period. 68.69% of the stock is currently owned by institutional investors and hedge funds.

CSW Industrials Company Profile

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. The company operates through three segments: Industrial Products; Coatings, Sealants and Adhesives; 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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