The First Manhattan Co. Sells 8,360 Shares of CSW Industrials, Inc. (CSWI)

The First Manhattan Co. Sells 8,360 Shares of CSW Industrials, Inc. (CSWI)

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Janus Capital Management LLC boosted its position in shares of CSW Industrials by 60.0% in the first quarter. Janus Capital Management LLC now owns 729,515 shares of the basic materials company’s stock valued at $26,773,000 after buying an additional 273,439 shares during the period. Wells Fargo & Company MN boosted its position in shares of 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. American Century Companies Inc. boosted its position in shares of CSW Industrials by 14.3% in the first quarter. American Century Companies Inc. now owns 920,247 shares of the basic materials company’s stock valued at $33,773,000 after buying an additional 114,801 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of CSW Industrials by 51.9% in the first quarter. Dimensional Fund Advisors LP now owns 174,940 shares of the basic materials company’s stock valued at $6,420,000 after buying an additional 59,782 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of CSW Industrials by 7.2% in the first quarter. Vanguard Group Inc. now owns 628,317 shares of the basic materials company’s stock valued at $23,060,000 after buying an additional 42,352 shares during the period. 66.11% of the stock is owned by institutional investors.

First Manhattan Co. decreased its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 773,962 shares of the basic materials company’s stock after selling 8,360 shares during the period. First Manhattan Co.’s holdings in CSW Industrials were worth $29,913,000 as of its most recent filing with the SEC.

CSW Industrials, Inc. (CSWI) opened at 39.45 on Wednesday. The stock has a market capitalization of $627.97 million, a PE ratio of 56.36 and a beta of 1.38. CSW Industrials, Inc. has a 12-month low of $29.25 and a 12-month high of $41.85. The stock’s 50 day moving average is $38.67 and its 200 day moving average is $36.73.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data on Wednesday, June 14th. The basic materials company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The firm had revenue of $87.30 million during the quarter, compared to analyst estimates of $80.41 million. CSW Industrials had a net margin of 3.38% and a return on equity of 9.95%. CSW Industrials’s revenue was up 14.5% compared to the same quarter last year. Equities analysts anticipate that CSW Industrials, Inc. will post $2.00 EPS for the current fiscal year.

Several research analysts have issued reports on CSWI shares. BidaskClub raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. FBR & Co reaffirmed an “outperform” rating on shares of CSW Industrials in a report on Tuesday, July 11th.

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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