Wedbush Securities Inc. lowered its position in shares of CSW Industrials (NASDAQ:CSWI) by 23.5% in the first quarter, Holdings Channel reports. The institutional investor owned 9,852 shares of the basic materials company’s stock after selling 3,032 shares during the quarter. Wedbush Securities Inc.’s holdings in CSW Industrials were worth $444,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas acquired a new stake in shares of CSW Industrials during the 4th quarter worth approximately $250,000. Stone Ridge Asset Management LLC acquired a new stake in shares of CSW Industrials during the 4th quarter worth approximately $258,000. Global X Management Co. LLC increased its holdings in shares of CSW Industrials by 186.1% during the 1st quarter. Global X Management Co. LLC now owns 6,108 shares of the basic materials company’s stock worth $275,000 after buying an additional 3,973 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of CSW Industrials during the 4th quarter worth approximately $283,000. Finally, Gotham Asset Management LLC boosted its position in shares of CSW Industrials by 19.0% during the 4th quarter. Gotham Asset Management LLC now owns 7,110 shares of the basic materials company’s stock worth $327,000 after purchasing an additional 1,134 shares during the period. Institutional investors and hedge funds own 68.75% of the company’s stock.
NASDAQ:CSWI opened at $44.25 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.03 and a quick ratio of 1.99. The company has a market cap of $706.64, a P/E ratio of 26.34 and a beta of 1.21. CSW Industrials has a fifty-two week low of $34.85 and a fifty-two week high of $50.00.
CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.03. The firm had revenue of $69.03 million during the quarter, compared to analysts’ expectations of $79.04 million. CSW Industrials had a negative net margin of 4.49% and a positive return on equity of 11.16%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $0.12 EPS. equities analysts forecast that CSW Industrials will post 2.01 EPS for the current year.
In other CSW Industrials news, Chairman Joseph B. Armes sold 4,250 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $45.89, for a total value of $195,032.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.10% of the company’s stock.
A number of research firms recently weighed in on CSWI. BidaskClub raised shares of CSW Industrials from a “sell” rating to a “hold” rating in a research report on Friday, April 27th. Zacks Investment Research cut shares of CSW Industrials from a “buy” rating to a “strong sell” rating in a research report on Monday, April 16th. TheStreet cut shares of CSW Industrials from a “b-” rating to a “c” rating in a research report on Tuesday, March 27th. Finally, B. Riley set a $60.00 price objective on shares of CSW Industrials and gave the stock a “buy” rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $56.00.
About CSW Industrials
CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. The company operates through three segments: Industrial Products; Coatings, Sealants and Adhesives; 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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