Rhumbline Advisers raised its holdings in CSW Industrials Inc (NASDAQ:CSWI) by 46.0% during the 4th quarter, Holdings Channel reports. The fund owned 20,866 shares of the basic materials company’s stock after buying an additional 6,577 shares during the period. Rhumbline Advisers’ holdings in CSW Industrials were worth $1,009,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. Wedbush Securities Inc. grew its position in CSW Industrials by 2.5% in the 4th quarter. Wedbush Securities Inc. now owns 8,302 shares of the basic materials company’s stock valued at $401,000 after acquiring an additional 200 shares during the last quarter. Quantamental Technologies LLC bought a new position in CSW Industrials in the 4th quarter valued at $38,000. Teachers Advisors LLC grew its position in CSW Industrials by 4.6% in the 3rd quarter. Teachers Advisors LLC now owns 30,155 shares of the basic materials company’s stock valued at $1,619,000 after acquiring an additional 1,332 shares during the last quarter. Bank of New York Mellon Corp grew its position in CSW Industrials by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 62,215 shares of the basic materials company’s stock valued at $3,341,000 after acquiring an additional 1,350 shares during the last quarter. Finally, Stone Ridge Asset Management LLC grew its position in CSW Industrials by 34.6% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 7,549 shares of the basic materials company’s stock valued at $405,000 after acquiring an additional 1,940 shares during the last quarter. 73.17% of the stock is currently owned by institutional investors.
In other CSW Industrials news, Chairman Joseph B. Armes sold 5,000 shares of the company’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $56.07, for a total value of $280,350.00. Following the completion of the sale, the chairman now directly owns 61,345 shares in the company, valued at approximately $3,439,614.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is currently owned by corporate insiders.
Shares of CSWI stock opened at $56.79 on Friday. CSW Industrials Inc has a twelve month low of $41.50 and a twelve month high of $59.94. The firm has a market capitalization of $853.96 million, a price-to-earnings ratio of 22.48 and a beta of 1.30. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.81 and a quick ratio of 1.67.
CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Tuesday, February 5th. The basic materials company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.05. CSW Industrials had a return on equity of 15.05% and a net margin of 11.15%. The business had revenue of $77.50 million during the quarter, compared to analysts’ expectations of $73.13 million. During the same period in the prior year, the business earned $0.17 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year.
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CSW Industrials Profile
CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. The company operates through two segments, Industrial Products 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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