CSW Industrials (NASDAQ:CSWI) Downgraded by BidaskClub to “Hold”

BidaskClub lowered shares of CSW Industrials (NASDAQ:CSWI) from a buy rating to a hold rating in a report released on Tuesday, BidAskClub reports.

Shares of NASDAQ CSWI opened at $68.49 on Tuesday. The company has a current ratio of 3.08, a quick ratio of 2.03 and a debt-to-equity ratio of 0.12. CSW Industrials has a 1-year low of $41.50 and a 1-year high of $75.67. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 24.29 and a beta of 1.06.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Wednesday, May 22nd. The basic materials company reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.09. CSW Industrials had a return on equity of 16.42% and a net margin of 13.02%. The company had revenue of $91.48 million for the quarter, compared to analysts’ expectations of $88.55 million. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share.

The firm also recently announced a special dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 8th were paid a dividend of $0.135 per share. The ex-dividend date of this dividend was Tuesday, May 7th.

In other news, CEO Joseph B. Armes sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $57.47, for a total transaction of $287,350.00. Following the transaction, the chief executive officer now owns 56,345 shares of the company’s stock, valued at $3,238,147.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.20% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSWI. Assenagon Asset Management S.A. grew its stake in shares of CSW Industrials by 469.6% during the first quarter. Assenagon Asset Management S.A. now owns 115,713 shares of the basic materials company’s stock valued at $6,629,000 after buying an additional 95,398 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of CSW Industrials by 1,114.7% during the first quarter. Goldman Sachs Group Inc. now owns 85,028 shares of the basic materials company’s stock valued at $4,871,000 after buying an additional 78,028 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of CSW Industrials by 97.6% during the first quarter. JPMorgan Chase & Co. now owns 129,739 shares of the basic materials company’s stock valued at $7,433,000 after buying an additional 64,089 shares during the last quarter. BlackRock Inc. grew its stake in shares of CSW Industrials by 4.4% during the fourth quarter. BlackRock Inc. now owns 1,066,958 shares of the basic materials company’s stock valued at $51,588,000 after buying an additional 45,383 shares during the last quarter. Finally, AJO LP grew its stake in shares of CSW Industrials by 62.9% during the first quarter. AJO LP now owns 113,650 shares of the basic materials company’s stock valued at $6,511,000 after buying an additional 43,871 shares during the last quarter. 75.16% of the stock is currently 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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