AQR Capital Management LLC Reduces Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

AQR Capital Management LLC decreased its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 15.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Contravisory Investment Management Inc. increased its stake in CSW Industrials by 48.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock worth $31,000 after buying an additional 38 shares during the period. Harbor Investment Advisory LLC purchased a new position in shares of CSW Industrials during the first quarter worth approximately $58,000. SG Americas Securities LLC bought a new stake in shares of CSW Industrials during the first quarter valued at approximately $148,000. Russell Investments Group Ltd. boosted its holdings in shares of CSW Industrials by 20,750.0% in the first quarter. Russell Investments Group Ltd. now owns 834 shares of the basic materials company’s stock valued at $196,000 after purchasing an additional 830 shares during the period. Finally, TCI Wealth Advisors Inc. bought a new position in CSW Industrials in the first quarter worth approximately $202,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $341.37, for a total transaction of $341,370.00. Following the transaction, the chief executive officer now directly owns 51,579 shares in the company, valued at $17,607,523.23. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CSWI shares. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. CL King started coverage on shares of CSW Industrials in a research report on Friday, June 21st. They set a “buy” rating on the stock.

CSW Industrials Stock Down 1.0 %

Shares of NASDAQ CSWI opened at $374.39 on Friday. The stock has a market capitalization of $5.82 billion, a PE ratio of 57.33, a price-to-earnings-growth ratio of 2.87 and a beta of 0.77. The company has a current ratio of 2.73, a quick ratio of 1.44 and a debt-to-equity ratio of 0.18. The stock’s fifty day simple moving average is $333.31 and its two-hundred day simple moving average is $283.77. CSW Industrials, Inc. has a 12-month low of $167.27 and a 12-month high of $378.49.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $226.18 million for the quarter, compared to the consensus estimate of $215.40 million. During the same quarter in the previous year, the firm earned $1.97 EPS. As a group, analysts expect that CSW Industrials, Inc. will post 8.42 EPS for the current fiscal 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.