Wells Fargo & Company MN decreased its stake in CSW Industrials Inc (NASDAQ:CSWI) by 0.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,165,211 shares of the basic materials company’s stock after selling 6,917 shares during the quarter. Wells Fargo & Company MN owned 0.07% of CSW Industrials worth $53,541,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of CSW Industrials in the 3rd quarter worth $129,000. Teacher Retirement System of Texas bought a new position in shares of CSW Industrials in the 4th quarter worth $250,000. Dynamic Technology Lab Private Ltd bought a new position in shares of CSW Industrials in the 3rd quarter worth $291,000. Voya Investment Management LLC increased its holdings in shares of CSW Industrials by 13.9% in the 2nd quarter. Voya Investment Management LLC now owns 8,436 shares of the basic materials company’s stock worth $326,000 after buying an additional 1,027 shares during the last quarter. Finally, Alliancebernstein L.P. bought a new position in shares of CSW Industrials in the 2nd quarter worth $348,000. 65.76% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Chairman Joseph B. Armes sold 4,250 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $45.89, for a total value of $195,032.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is currently owned by corporate insiders.
CSW Industrials Inc (CSWI) opened at $47.45 on Tuesday. The company has a market cap of $758.54, a price-to-earnings ratio of 24.36 and a beta of 1.26. CSW Industrials Inc has a twelve month low of $34.05 and a twelve month high of $50.00. The company has a quick ratio of 1.99, a current ratio of 3.03 and a debt-to-equity ratio of 0.15.
CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.03. CSW Industrials had a negative net margin of 4.49% and a positive return on equity of 11.16%. The company had revenue of $69.03 million during the quarter, compared to analysts’ expectations of $79.04 million. During the same quarter in the prior year, the company earned $0.12 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. equities research analysts expect that CSW Industrials Inc will post 2.01 earnings per share for the current fiscal year.
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CSW Industrials Company Profile
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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