Everett Harris & Co. CA Decreases Stake in CSW Industrials, Inc. (CSWI)
Everett Harris & Co. CA reduced its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,149 shares of the basic materials company’s stock after selling 160 shares during the period. Everett Harris & Co. CA owned approximately 0.18% of CSW Industrials worth $1,088,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Teachers Advisors LLC raised its position in shares of CSW Industrials by 2.9% in the first quarter. Teachers Advisors LLC now owns 24,328 shares of the basic materials company’s stock valued at $893,000 after buying an additional 679 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of CSW Industrials during the first quarter valued at $299,000. American International Group Inc. raised its position in shares of CSW Industrials by 7.2% in the first quarter. American International Group Inc. now owns 8,884 shares of the basic materials company’s stock valued at $326,000 after buying an additional 595 shares during the last quarter. Morgan Dempsey Capital Management LLC purchased a new position in shares of CSW Industrials during the first quarter valued at $471,000. Finally, Sei Investments Co. raised its position in shares of CSW Industrials by 14.2% in the first quarter. Sei Investments Co. now owns 47,367 shares of the basic materials company’s stock valued at $1,738,000 after buying an additional 5,903 shares during the last quarter. 66.85% of the stock is currently owned by institutional investors.
CSW Industrials, Inc. (CSWI) opened at 39.95 on Thursday. The firm has a 50-day moving average price of $39.28 and a 200 day moving average price of $36.90. The firm has a market capitalization of $633.01 million, a price-to-earnings ratio of 40.77 and a beta of 1.38. CSW Industrials, Inc. has a 12 month low of $29.25 and a 12 month high of $41.85.
CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.10. CSW Industrials had a return on equity of 10.53% and a net margin of 4.54%. The firm had revenue of $98.03 million for the quarter, compared to the consensus estimate of $94.90 million. During the same quarter last year, the business posted $0.51 EPS. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, equities analysts forecast that CSW Industrials, Inc. will post $2.00 EPS for the current year.
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Several research analysts have weighed in on the company. BidaskClub raised CSW Industrials from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. FBR & Co reaffirmed an “outperform” rating on shares of CSW Industrials in a research report on Tuesday, July 11th.
CSW Industrials Company Profile
CSW Industrials, Inc (CSWI) is a diversified industrial growth company. The Company operates through three segments: Industrial Products; Coatings, Sealants & Adhesives, and Specialty Chemicals. The Industrial Products segment consists of specialty mechanical products; fire and smoke protection products; architecturally specified building products, and storage, filtration and application equipment.
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