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.
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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