CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC cut its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 15.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,131 shares of the basic materials company’s stock after selling 920 shares during the period. AQR Capital Management LLC’s holdings in CSW Industrials were worth $1,361,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Contravisory Investment Management Inc. boosted its position in CSW Industrials by 48.1% in the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after buying an additional 38 shares during the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of CSW Industrials in the first quarter worth $58,000. SG Americas Securities LLC purchased a new position in shares of CSW Industrials during the first quarter worth $148,000. Professional Advisory Services Inc. purchased a new stake in CSW Industrials in the second quarter valued at $212,000. Finally, nVerses Capital LLC purchased a new stake in CSW Industrials in the second quarter valued at $212,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $341.37, for a total value of $341,370.00. Following the sale, the chief executive officer now directly owns 51,579 shares of the company’s stock, valued at approximately $17,607,523.23. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CSWI. CL King assumed coverage on CSW Industrials in a report on Friday, June 21st. They issued a “buy” rating for the company. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th.

CSW Industrials Stock Performance

CSWI opened at $374.39 on Friday. The firm has a fifty day moving average price of $333.31 and a 200 day moving average price of $283.77. CSW Industrials, Inc. has a 1 year low of $167.27 and a 1 year high of $378.49. The stock has a market cap of $5.82 billion, a P/E ratio of 57.33, a P/E/G ratio of 2.87 and a beta of 0.77. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 1.44.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.29. CSW Industrials had a net margin of 13.44% and a return on equity of 19.19%. The company had revenue of $226.18 million during the quarter, compared to analysts’ expectations of $215.40 million. During the same quarter in the previous year, the company earned $1.97 earnings per share. Equities research analysts anticipate that CSW Industrials, Inc. will post 8.42 earnings per share for the current year.

About CSW Industrials

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.