Acrospire Investment Management LLC Purchases 2,007 Shares of CSW Industrials, Inc. (CSWI)
Acrospire Investment Management LLC raised its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 92.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,187 shares of the basic materials company’s stock after purchasing an additional 2,007 shares during the quarter. Acrospire Investment Management LLC’s holdings in CSW Industrials were worth $162,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc bought a new stake in shares of CSW Industrials during the 2nd quarter valued at about $104,000. US Bancorp DE purchased a new position in shares of CSW Industrials during the 1st quarter valued at about $197,000. Spark Investment Management LLC purchased a new position in shares of CSW Industrials during the 2nd quarter valued at about $208,000. Gotham Asset Management LLC purchased a new position in shares of CSW Industrials during the 1st quarter valued at about $259,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of CSW Industrials during the 1st quarter valued at about $299,000. Institutional investors and hedge funds own 69.44% of the company’s stock.
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A number of research firms have recently weighed in on CSWI. BidaskClub raised CSW Industrials from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. FBR & Co reaffirmed an “outperform” rating on shares of CSW Industrials in a research report on Tuesday, July 11th.
CSW Industrials, Inc. (NASDAQ CSWI) traded up 2.13% on Monday, hitting $43.15. The stock had a trading volume of 8,996 shares. The stock has a market cap of $683.71 million, a P/E ratio of 44.03 and a beta of 1.33. The company’s 50 day moving average is $40.22 and its 200-day moving average is $37.55. CSW Industrials, Inc. has a 12 month low of $29.25 and a 12 month high of $43.20.
CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Wednesday, August 9th. The basic materials company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.54 by $0.10. The firm had revenue of $98.03 million for the quarter, compared to analyst estimates of $94.90 million. CSW Industrials had a return on equity of 10.53% and a net margin of 4.54%. CSW Industrials’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. Analysts forecast that CSW Industrials, Inc. will post $2.00 EPS for the current year.
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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