CSW Industrials (NASDAQ:CSWI) Downgraded by BidaskClub to Strong Sell

CSW Industrials (NASDAQ:CSWI) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday, BidAskClub reports.

Separately, ValuEngine lowered CSW Industrials from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd.

NASDAQ CSWI traded up $0.04 on Thursday, reaching $67.10. The stock had a trading volume of 40,166 shares, compared to its average volume of 75,390. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 22.50 and a beta of 1.06. The company has a quick ratio of 1.91, a current ratio of 3.12 and a debt-to-equity ratio of 0.08. CSW Industrials has a 12-month low of $41.50 and a 12-month high of $75.67. The stock has a fifty day moving average price of $67.84 and a two-hundred day moving average price of $65.79.

CSW Industrials (NASDAQ:CSWI) last announced its earnings results on Thursday, August 8th. The basic materials company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.10. The company had revenue of $102.30 million for the quarter, compared to analyst estimates of $98.13 million. CSW Industrials had a return on equity of 17.33% and a net margin of 13.53%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 earnings per share.

In other news, CEO Joseph B. Armes sold 15,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $68.88, for a total transaction of $1,033,200.00. Following the sale, the chief executive officer now owns 59,340 shares of the company’s stock, valued at $4,087,339.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Panagora Asset Management Inc. increased its position in shares of CSW Industrials by 0.7% during the second quarter. Panagora Asset Management Inc. now owns 24,097 shares of the basic materials company’s stock worth $1,642,000 after acquiring an additional 171 shares during the period. SG Americas Securities LLC increased its position in shares of CSW Industrials by 16.2% during the second quarter. SG Americas Securities LLC now owns 2,155 shares of the basic materials company’s stock worth $147,000 after acquiring an additional 301 shares during the period. Aperio Group LLC increased its position in shares of CSW Industrials by 7.3% during the second quarter. Aperio Group LLC now owns 5,392 shares of the basic materials company’s stock worth $367,000 after acquiring an additional 368 shares during the period. Swiss National Bank increased its position in shares of CSW Industrials by 1.4% during the second quarter. Swiss National Bank now owns 28,049 shares of the basic materials company’s stock worth $1,912,000 after acquiring an additional 400 shares during the period. Finally, Northern Trust Corp increased its position in shares of CSW Industrials by 0.6% during the second quarter. Northern Trust Corp now owns 191,189 shares of the basic materials company’s stock worth $13,030,000 after acquiring an additional 1,148 shares during the period. 74.25% of the stock is currently owned by institutional investors and hedge funds.

About CSW Industrials

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.

Featured Story: Profit Margin

Receive News & Ratings for CSW Industrials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSW Industrials and related companies with MarketBeat.com's FREE daily email newsletter.