Dimensional Fund Advisors LP Raises Holdings in CSW Industrials Inc (CSWI)
Dimensional Fund Advisors LP raised its position in CSW Industrials Inc (NASDAQ:CSWI) by 2.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 512,521 shares of the basic materials company’s stock after purchasing an additional 10,450 shares during the period. Dimensional Fund Advisors LP’s holdings in CSW Industrials were worth $24,780,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantamental Technologies LLC purchased a new stake in CSW Industrials in the fourth quarter valued at approximately $38,000. Princeton Global Asset Management LLC purchased a new stake in CSW Industrials in the fourth quarter valued at approximately $39,000. O Shaughnessy Asset Management LLC lifted its stake in CSW Industrials by 16.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,614 shares of the basic materials company’s stock valued at $127,000 after buying an additional 365 shares during the last quarter. Legal & General Group Plc lifted its stake in CSW Industrials by 12.9% in the fourth quarter. Legal & General Group Plc now owns 2,973 shares of the basic materials company’s stock valued at $144,000 after buying an additional 339 shares during the last quarter. Finally, Smith Asset Management Group LP purchased a new stake in CSW Industrials in the fourth quarter valued at approximately $161,000. Institutional investors own 75.16% of the company’s stock.
Separately, BidaskClub raised CSW Industrials from a “sell” rating to a “hold” rating in a report on Friday, February 8th.
CSW Industrials (NASDAQ:CSWI) last released its earnings results on Wednesday, May 22nd. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.09. The business had revenue of $91.48 million for the quarter, compared to analyst estimates of $88.55 million. CSW Industrials had a return on equity of 16.42% and a net margin of 13.02%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share.
The business also recently announced a special dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 8th will be issued a $0.135 dividend. The ex-dividend date is Tuesday, May 7th.
In other news, CEO Joseph B. Armes sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $57.47, for a total value of $287,350.00. Following the transaction, the chief executive officer now owns 56,345 shares of the company’s stock, valued at $3,238,147.15. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.20% of the company’s stock.
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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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