BidaskClub Upgrades CSW Industrials (NASDAQ:CSWI) to Buy

BidaskClub upgraded shares of CSW Industrials (NASDAQ:CSWI) from a hold rating to a buy rating in a research note published on Thursday, BidAskClub reports.

NASDAQ CSWI traded down $0.66 during trading on Thursday, reaching $68.72. The company’s stock had a trading volume of 61,238 shares, compared to its average volume of 61,490. The company has a current ratio of 3.08, a quick ratio of 2.03 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 25.72 and a beta of 1.05. CSW Industrials has a twelve month low of $41.50 and a twelve month high of $75.67. The business’s fifty day moving average is $68.74.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Tuesday, July 30th will be paid a dividend of $0.135 per share. The ex-dividend date of this dividend is Monday, July 29th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.79%.

Institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. increased its stake in shares of CSW Industrials by 145.2% during the first quarter. Meeder Asset Management Inc. now owns 1,069 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 633 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of CSW Industrials during the second quarter worth about $102,000. SG Americas Securities LLC acquired a new position in shares of CSW Industrials during the first quarter worth about $106,000. Legal & General Group Plc increased its stake in shares of CSW Industrials by 12.9% during the fourth quarter. Legal & General Group Plc now owns 2,973 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 339 shares during the period. Finally, Virginia Retirement Systems ET AL acquired a new position in shares of CSW Industrials during the second quarter worth about $204,000. Institutional investors and hedge funds own 75.30% of the company’s stock.

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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