Zuckerman Investment Group LLC Sells 188,997 Shares of CSW Industrials Inc (CSWI)

Zuckerman Investment Group LLC lowered its stake in shares of CSW Industrials Inc (NASDAQ:CSWI) by 40.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 281,065 shares of the basic materials company’s stock after selling 188,997 shares during the period. CSW Industrials comprises 3.3% of Zuckerman Investment Group LLC’s portfolio, making the stock its 11th biggest holding. Zuckerman Investment Group LLC’s holdings in CSW Industrials were worth $15,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. UBS Group AG increased its position in shares of CSW Industrials by 39.5% during the first quarter. UBS Group AG now owns 7,770 shares of the basic materials company’s stock valued at $350,000 after purchasing an additional 2,202 shares during the period. Acadian Asset Management LLC boosted its stake in CSW Industrials by 492.6% in the 2nd quarter. Acadian Asset Management LLC now owns 8,693 shares of the basic materials company’s stock valued at $459,000 after buying an additional 7,226 shares in the last quarter. Wells Fargo & Company MN boosted its stake in CSW Industrials by 1.6% in the 2nd quarter. Wells Fargo & Company MN now owns 1,218,059 shares of the basic materials company’s stock valued at $64,374,000 after buying an additional 18,877 shares in the last quarter. First Trust Advisors LP boosted its stake in CSW Industrials by 18.0% in the 2nd quarter. First Trust Advisors LP now owns 18,098 shares of the basic materials company’s stock valued at $956,000 after buying an additional 2,758 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in CSW Industrials by 13.4% in the 2nd quarter. Rhumbline Advisers now owns 15,389 shares of the basic materials company’s stock valued at $813,000 after buying an additional 1,821 shares in the last quarter. Hedge funds and other institutional investors own 73.11% of the company’s stock.

Shares of CSWI stock opened at $52.70 on Monday. The company has a current ratio of 3.18, a quick ratio of 2.02 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $808.90 million, a P/E ratio of 24.63 and a beta of 1.46. CSW Industrials Inc has a one year low of $41.50 and a one year high of $57.20.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results on Wednesday, November 7th. The basic materials company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.12. The business had revenue of $91.60 million for the quarter, compared to analyst estimates of $87.39 million. CSW Industrials had a positive return on equity of 14.21% and a negative net margin of 0.26%. CSW Industrials’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 EPS.

Separately, BidaskClub lowered CSW Industrials from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $61.00.

In related news, Chairman Joseph B. Armes sold 4,250 shares of the business’s stock in a transaction 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 sale, the chairman now owns 68,345 shares of the company’s stock, valued at approximately $3,564,875.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.20% of the stock is owned by insiders.

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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.

See Also: Cost of Equity

Want to see what other hedge funds are holding CSWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CSW Industrials Inc (NASDAQ:CSWI).

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

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