JPMorgan Chase & Co. lifted its holdings in shares of CSW Industrials Inc (NASDAQ:CSWI) by 97.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,739 shares of the basic materials company’s stock after acquiring an additional 64,089 shares during the quarter. JPMorgan Chase & Co.’s holdings in CSW Industrials were worth $7,433,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of CSWI. Assenagon Asset Management S.A. lifted its holdings in shares of CSW Industrials by 469.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 115,713 shares of the basic materials company’s stock valued at $6,629,000 after acquiring an additional 95,398 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of CSW Industrials by 4.4% during the 4th quarter. BlackRock Inc. now owns 1,066,958 shares of the basic materials company’s stock valued at $51,588,000 after acquiring an additional 45,383 shares in the last quarter. Rice Hall James & Associates LLC lifted its holdings in shares of CSW Industrials by 206.1% during the 1st quarter. Rice Hall James & Associates LLC now owns 49,236 shares of the basic materials company’s stock valued at $2,821,000 after acquiring an additional 33,149 shares in the last quarter. Spark Investment Management LLC acquired a new position in shares of CSW Industrials during the 1st quarter valued at $1,833,000. Finally, Bank of America Corp DE lifted its holdings in shares of CSW Industrials by 73.2% during the 4th quarter. Bank of America Corp DE now owns 46,206 shares of the basic materials company’s stock valued at $2,234,000 after acquiring an additional 19,531 shares in the last quarter. Institutional investors and hedge funds own 75.16% of the company’s stock.
In other CSW Industrials news, CEO Joseph B. Armes sold 5,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were 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 approximately $3,238,147.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company’s stock.
CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Wednesday, May 22nd. The basic materials company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. CSW Industrials had a net margin of 13.02% and a return on equity of 16.42%. The firm had revenue of $91.48 million for the quarter, compared to analyst estimates of $88.55 million. During the same quarter in the previous year, the business posted $0.51 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year.
The company also recently disclosed a special dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 8th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Tuesday, May 7th.
Separately, BidaskClub lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Tuesday.
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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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