Cove Street Capital LLC Sells 23,200 Shares of CSW Industrials Inc (NASDAQ:CSWI)

Cove Street Capital LLC decreased its stake in shares of CSW Industrials Inc (NASDAQ:CSWI) by 7.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 302,124 shares of the basic materials company’s stock after selling 23,200 shares during the period. CSW Industrials accounts for 2.1% of Cove Street Capital LLC’s investment portfolio, making the stock its 16th biggest position. Cove Street Capital LLC’s holdings in CSW Industrials were worth $17,309,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Quantamental Technologies LLC acquired a new position in CSW Industrials in the fourth quarter valued at $38,000. Princeton Global Asset Management LLC acquired a new position in CSW Industrials in the fourth quarter valued at $39,000. Federated Investors Inc. PA boosted its holdings in CSW Industrials by 490.2% in the first quarter. Federated Investors Inc. PA now owns 968 shares of the basic materials company’s stock valued at $56,000 after acquiring an additional 804 shares during the last quarter. State of Tennessee Treasury Department acquired a new position in CSW Industrials in the first quarter valued at $61,000. Finally, Meeder Asset Management Inc. boosted its holdings in CSW Industrials by 145.2% in the first quarter. Meeder Asset Management Inc. now owns 1,069 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 633 shares during the last quarter. 75.16% of the stock is owned by institutional investors.

Separately, BidaskClub cut CSW Industrials from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th.

In related news, CEO Joseph B. Armes sold 5,000 shares of CSW Industrials stock in a transaction on Monday, April 1st. The stock was sold at an average price of $57.47, for a total value of $287,350.00. Following the transaction, the chief executive officer now owns 56,345 shares in the company, valued at $3,238,147.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Shares of CSW Industrials stock opened at $66.68 on Wednesday. CSW Industrials Inc has a twelve month low of $41.50 and a twelve month high of $75.67. The firm has a market capitalization of $1.00 billion, a P/E ratio of 23.84 and a beta of 1.05. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.03 and a current ratio of 3.08.

CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Wednesday, May 22nd. The basic materials company reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.09. CSW Industrials had a return on equity of 16.42% and a net margin of 13.02%. The firm had revenue of $91.48 million for the quarter, compared to analysts’ expectations of $88.55 million. During the same quarter last year, the firm earned $0.51 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year.

The company also recently announced a special dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 8th will be issued a $0.135 dividend. The ex-dividend date is Tuesday, May 7th.

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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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Institutional Ownership by Quarter for CSW Industrials (NASDAQ:CSWI)

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