9,562 Shares in CSW Industrials, Inc. (CSWI) Purchased by Thrivent Financial For Lutherans
Thrivent Financial For Lutherans bought a new stake in CSW Industrials, Inc. (NASDAQ:CSWI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,562 shares of the basic materials company’s stock, valued at approximately $370,000. Thrivent Financial For Lutherans owned approximately 0.06% of CSW Industrials at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in CSWI. IFP Advisors Inc purchased a new stake in CSW Industrials in the second quarter valued at approximately $104,000. Spark Investment Management LLC purchased a new stake in CSW Industrials in the second quarter valued at approximately $208,000. US Bancorp DE raised its stake in CSW Industrials by 16.8% in the second quarter. US Bancorp DE now owns 6,285 shares of the basic materials company’s stock valued at $243,000 after purchasing an additional 904 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in CSW Industrials in the first quarter valued at approximately $259,000. Finally, American International Group Inc. raised its stake in 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 purchasing an additional 595 shares in the last quarter. 69.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of CSW Industrials, Inc. (NASDAQ:CSWI) opened at 48.35 on Friday. The company has a 50-day moving average of $44.63 and a 200-day moving average of $39.28. CSW Industrials, Inc. has a 52 week low of $29.25 and a 52 week high of $48.85. The stock has a market capitalization of $766.11 million, a P/E ratio of 49.34 and a beta of 1.36.
CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.64 EPS for the quarter, topping the Zacks’ 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 company had revenue of $98.03 million for the quarter, compared to analysts’ expectations of $94.90 million. During the same period in the previous year, the firm earned $0.51 EPS. The firm’s revenue was up 16.5% compared to the same quarter last year. On average, analysts anticipate that CSW Industrials, Inc. will post $2.00 EPS for the current year.
A number of equities research analysts recently weighed in on CSWI shares. FBR & Co reaffirmed a “buy” rating on shares of CSW Industrials in a research note on Friday, September 22nd. BidaskClub raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, Zacks Investment Research downgraded shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 10th.
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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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