Northern Trust Corp increased its position in CSW Industrials Inc (NASDAQ:CSWI) by 11.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 213,573 shares of the basic materials company’s stock after purchasing an additional 22,079 shares during the period. Northern Trust Corp owned 1.36% of CSW Industrials worth $11,287,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of CSWI. JPMorgan Chase & Co. grew its stake in CSW Industrials by 122.0% in the first quarter. JPMorgan Chase & Co. now owns 23,215 shares of the basic materials company’s stock worth $1,045,000 after purchasing an additional 12,758 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in CSW Industrials by 15.4% in the first quarter. Dimensional Fund Advisors LP now owns 344,431 shares of the basic materials company’s stock worth $15,517,000 after purchasing an additional 46,043 shares in the last quarter. UBS Group AG grew its stake in CSW Industrials by 39.5% in the first quarter. UBS Group AG now owns 7,770 shares of the basic materials company’s stock worth $350,000 after purchasing an additional 2,202 shares in the last quarter. Acadian Asset Management LLC grew its stake in CSW Industrials by 492.6% in the second quarter. Acadian Asset Management LLC now owns 8,693 shares of the basic materials company’s stock worth $459,000 after purchasing an additional 7,226 shares in the last quarter. Finally, Sawgrass Asset Management LLC acquired a new position in CSW Industrials in the second quarter worth about $230,000. Institutional investors and hedge funds own 70.88% of the company’s stock.
Shares of CSWI stock opened at $52.42 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.87 and a quick ratio of 1.85. CSW Industrials Inc has a 52 week low of $41.50 and a 52 week high of $57.20. The company has a market capitalization of $839.57 million, a price-to-earnings ratio of 22.44 and a beta of 1.41.
CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Wednesday, November 7th. The basic materials company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.12. CSW Industrials had a positive return on equity of 14.15% and a negative net margin of 0.26%. The company had revenue of $91.60 million during the quarter, compared to the consensus estimate of $87.39 million. During the same period in the previous year, the firm posted $0.56 earnings per share. CSW Industrials’s quarterly revenue was up 8.5% compared to the same quarter last year.
In other CSW Industrials news, Chairman Joseph B. Armes sold 4,250 shares of CSW Industrials stock in a transaction that occurred on Monday, October 8th. The stock was sold at an average price of $52.16, for a total value of $221,680.00. Following the completion of the transaction, the chairman now directly owns 68,345 shares in the company, valued at $3,564,875.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.
CSWI has been the subject of a number of research reports. BidaskClub downgraded CSW Industrials from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 18th. B. Riley lifted their price target on CSW Industrials from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Finally, Zacks Investment Research downgraded CSW Industrials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $61.00.
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About CSW Industrials
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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