Victory Capital Management Inc. lowered its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 13.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,886 shares of the basic materials company’s stock after selling 6,646 shares during the period. Victory Capital Management Inc. owned about 0.26% of CSW Industrials worth $1,538,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Teachers Advisors LLC boosted its position in CSW Industrials by 3.2% in the fourth quarter. Teachers Advisors LLC now owns 23,649 shares of the basic materials company’s stock valued at $871,000 after buying an additional 737 shares during the period. Nationwide Fund Advisors boosted its position in CSW Industrials by 4.2% in the first quarter. Nationwide Fund Advisors now owns 9,317 shares of the basic materials company’s stock valued at $342,000 after buying an additional 379 shares during the period. First Manhattan Co. boosted its position in CSW Industrials by 2.0% in the first quarter. First Manhattan Co. now owns 831,606 shares of the basic materials company’s stock valued at $26,935,000 after buying an additional 16,488 shares during the period. Punch & Associates Investment Management Inc. boosted its position in CSW Industrials by 1.7% in the first quarter. Punch & Associates Investment Management Inc. now owns 177,349 shares of the basic materials company’s stock valued at $6,509,000 after buying an additional 2,968 shares during the period. Finally, Wells Fargo & Company MN boosted its position in CSW Industrials by 13.5% in the first quarter. Wells Fargo & Company MN now owns 1,030,445 shares of the basic materials company’s stock valued at $37,818,000 after buying an additional 122,859 shares during the period. 66.31% of the stock is owned by institutional investors.
CSW Industrials, Inc. (NASDAQ CSWI) opened at 37.20 on Friday. CSW Industrials, Inc. has a 12-month low of $29.25 and a 12-month high of $41.85. The stock has a market capitalization of $589.55 million, a PE ratio of 58.13 and a beta of 1.42. The company’s 50-day moving average is $35.98 and its 200 day moving average is $36.35.
CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results on Wednesday, June 14th. The basic materials company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. CSW Industrials had a net margin of 3.38% and a return on equity of 9.95%. The firm had revenue of $87.30 million during the quarter, compared to analyst estimates of $80.41 million. CSW Industrials’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, equities research analysts expect that CSW Industrials, Inc. will post $2.00 earnings per share for the current fiscal year.
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Separately, Zacks Investment Research cut shares of CSW Industrials from a “hold” rating to a “sell” rating in a report on Friday, March 17th.
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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