Wedbush Securities Inc. reduced its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 10.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,184 shares of the basic materials company’s stock after selling 1,720 shares during the period. Wedbush Securities Inc. owned 0.09% of CSW Industrials worth $629,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc bought a new position in CSW Industrials during the second quarter valued at about $104,000. Acrospire Investment Management LLC raised its holdings in CSW Industrials by 92.1% during the second quarter. Acrospire Investment Management LLC now owns 4,187 shares of the basic materials company’s stock valued at $162,000 after buying an additional 2,007 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in CSW Industrials during the second quarter valued at about $186,000. Spark Investment Management LLC bought a new position in CSW Industrials during the second quarter valued at about $208,000. Finally, US Bancorp DE raised its holdings in CSW Industrials by 16.8% during the second quarter. US Bancorp DE now owns 6,285 shares of the basic materials company’s stock valued at $243,000 after buying an additional 904 shares in the last quarter. Institutional investors own 69.48% of the company’s stock.

CSW Industrials, Inc. (NASDAQ:CSWI) traded down $0.05 during midday trading on Friday, reaching $49.35. The company’s stock had a trading volume of 51,309 shares, compared to its average volume of 54,871. CSW Industrials, Inc. has a one year low of $29.35 and a one year high of $50.00. The company has a market capitalization of $784.07, a price-to-earnings ratio of 27.27 and a beta of 1.45. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.23.

CSW Industrials (NASDAQ:CSWI) last announced its earnings results on Wednesday, August 9th. The basic materials company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.10. CSW Industrials had a return on equity of 10.53% and a net margin of 4.54%. The company had revenue of $98.03 million for the quarter, compared to the consensus estimate of $94.90 million. During the same period last year, the business posted $0.51 EPS. The company’s revenue was up 16.5% on a year-over-year basis. analysts forecast that CSW Industrials, Inc. will post 1.98 earnings per share for the current fiscal year.

Several equities analysts have weighed in on CSWI shares. Zacks Investment Research upgraded CSW Industrials from a “hold” rating to a “strong-buy” rating and set a $50.00 target price on the stock in a report on Friday, September 22nd. BidaskClub lowered CSW Industrials from a “hold” rating to a “sell” rating in a report on Sunday, July 30th. Finally, FBR & Co restated an “outperform” rating on shares of CSW Industrials in a report on Tuesday, July 11th.

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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.

Institutional Ownership by Quarter for CSW Industrials (NASDAQ:CSWI)

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