Sei Investments Co. grew its holdings in shares of CSW Industrials Inc (NASDAQ:CSWI) by 6.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,268 shares of the basic materials company’s stock after acquiring an additional 2,677 shares during the quarter. Sei Investments Co.’s holdings in CSW Industrials were worth $1,994,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new position in CSW Industrials during the first quarter worth about $176,000. Teacher Retirement System of Texas acquired a new position in shares of CSW Industrials in the fourth quarter valued at approximately $250,000. Stone Ridge Asset Management LLC acquired a new position in shares of CSW Industrials in the fourth quarter valued at approximately $258,000. Global X Management Co. LLC increased its stake in shares of CSW Industrials by 186.1% in the first quarter. Global X Management Co. LLC now owns 6,108 shares of the basic materials company’s stock valued at $275,000 after buying an additional 3,973 shares during the period. Finally, MetLife Investment Advisors LLC acquired a new position in shares of CSW Industrials in the fourth quarter valued at approximately $283,000. 69.21% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on the company. BidaskClub raised CSW Industrials from a “buy” rating to a “strong-buy” rating in a research note on Friday. TheStreet raised CSW Industrials from a “c” rating to a “b-” rating in a research note on Wednesday, June 6th. Zacks Investment Research raised CSW Industrials from a “strong sell” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Monday, June 4th. Finally, B. Riley set a $60.00 price objective on CSW Industrials and gave the company a “buy” rating in a research note on Wednesday, May 30th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $57.50.
CSW Industrials stock opened at $53.55 on Monday. CSW Industrials Inc has a 1 year low of $36.45 and a 1 year high of $54.55. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.84 and a quick ratio of 1.89. The company has a market capitalization of $848.34 million, a PE ratio of 25.02 and a beta of 1.28.
CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data on Wednesday, May 30th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.05. CSW Industrials had a positive return on equity of 11.61% and a negative net margin of 3.49%. The company had revenue of $83.50 million during the quarter, compared to the consensus estimate of $78.19 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The firm’s revenue was down 4.4% compared to the same quarter last year. sell-side analysts predict that CSW Industrials Inc will post 2.38 EPS for the current fiscal year.
In other CSW Industrials news, Chairman Joseph B. Armes sold 4,250 shares of the stock in a transaction that occurred on Tuesday, April 17th. The shares were sold at an average price of $45.29, for a total transaction of $192,482.50. Following the completion of the sale, the chairman now owns 70,689 shares of the company’s stock, valued at approximately $3,201,504.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.10% of the company’s stock.
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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