Walter & Keenan Financial Consulting Co. MI ADV continued to hold its position in CSW Industrials, Inc. (NASDAQ:CSWI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,000 shares of the basic materials company’s stock at the end of the second quarter. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in CSW Industrials were worth $309,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Teachers Advisors LLC raised its position in CSW Industrials by 2.9% in the first quarter. Teachers Advisors LLC now owns 24,328 shares of the basic materials company’s stock worth $893,000 after buying an additional 679 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in CSW Industrials during the first quarter worth about $299,000. American International Group Inc. raised its position in CSW Industrials by 7.2% in the first quarter. American International Group Inc. now owns 8,884 shares of the basic materials company’s stock worth $326,000 after buying an additional 595 shares in the last quarter. Morgan Dempsey Capital Management LLC bought a new position in CSW Industrials during the first quarter worth about $471,000. Finally, Sei Investments Co. raised its position in CSW Industrials by 14.2% in the first quarter. Sei Investments Co. now owns 47,367 shares of the basic materials company’s stock worth $1,738,000 after buying an additional 5,903 shares in the last quarter. Institutional investors and hedge funds own 66.14% of the company’s stock.
Shares of CSW Industrials, Inc. (NASDAQ CSWI) opened at 39.95 on Thursday. The firm’s 50-day moving average price is $38.88 and its 200 day moving average price is $36.81. CSW Industrials, Inc. has a 52 week low of $29.25 and a 52 week high of $41.85. The company has a market cap of $635.92 million, a P/E ratio of 57.07 and a beta of 1.38.
CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.08. The business had revenue of $98.03 million for the quarter, compared to analyst estimates of $94.90 million. CSW Industrials had a return on equity of 9.95% and a net margin of 3.38%. CSW Industrials’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 EPS. On average, equities analysts predict that CSW Industrials, Inc. will post $2.00 EPS for the current fiscal year.
Several analysts have weighed in on CSWI shares. BidaskClub raised CSW Industrials from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. FBR & Co reaffirmed an “outperform” rating on shares of CSW Industrials in a research note on Tuesday, July 11th.
About CSW Industrials
CSW Industrials, Inc (CSWI) is a diversified industrial growth company. The Company operates through three segments: Industrial Products; Coatings, Sealants & Adhesives, and Specialty Chemicals. The Industrial Products segment consists of specialty mechanical products; fire and smoke protection products; architecturally specified building products, and storage, filtration and application equipment.
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