Bank of New York Mellon Corp Purchases 1,255 Shares of CSW Industrials, Inc. (CSWI)
Bank of New York Mellon Corp raised its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,216 shares of the basic materials company’s stock after purchasing an additional 1,255 shares during the period. Bank of New York Mellon Corp owned about 0.40% of CSW Industrials worth $2,443,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in CSWI. Janus Capital Management LLC lifted its holdings in CSW Industrials by 60.0% in the 1st quarter. Janus Capital Management LLC now owns 729,515 shares of the basic materials company’s stock valued at $26,773,000 after purchasing an additional 273,439 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in CSW Industrials by 51.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 174,940 shares of the basic materials company’s stock valued at $6,420,000 after purchasing an additional 59,782 shares in the last quarter. Vanguard Group Inc. lifted its holdings in CSW Industrials by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 628,317 shares of the basic materials company’s stock valued at $23,060,000 after purchasing an additional 42,352 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in CSW Industrials in the 1st quarter valued at about $718,000. Finally, Rice Hall James & Associates LLC purchased a new position in CSW Industrials in the 2nd quarter valued at about $450,000. Institutional investors own 69.44% of the company’s stock.
CSW Industrials, Inc. (NASDAQ:CSWI) opened at 46.70 on Friday. The stock has a market capitalization of $739.96 million, a price-to-earnings ratio of 47.65 and a beta of 1.36. The firm has a 50-day moving average of $43.43 and a 200-day moving average of $38.79. CSW Industrials, Inc. has a 12-month low of $29.25 and a 12-month high of $48.85.
CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.10. The firm had revenue of $98.03 million during the quarter, compared to analyst estimates of $94.90 million. CSW Industrials had a return on equity of 10.53% and a net margin of 4.54%. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company posted $0.51 EPS. Equities research analysts forecast that CSW Industrials, Inc. will post $2.00 earnings per share for the current fiscal year.
A number of research firms have issued reports on CSWI. BidaskClub upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. FBR & Co restated a “buy” rating on shares of CSW Industrials in a report on Friday, September 22nd. Finally, Zacks Investment Research lowered shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Tuesday.
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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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