CSW Industrials, Inc. (NASDAQ:CSWI) Short Interest Update

CSW Industrials, Inc. (NASDAQ:CSWI) was the target of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 187,300 shares, a growth of 8.4% from the May 15th total of 172,800 shares. Based on an average trading volume of 88,100 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.2% of the company’s stock are sold short.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $232.69, for a total transaction of $232,690.00. Following the completion of the sale, the chief executive officer now directly owns 56,579 shares in the company, valued at approximately $13,165,367.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp acquired a new position in shares of CSW Industrials during the fourth quarter valued at about $31,000. Harbor Investment Advisory LLC acquired a new position in CSW Industrials during the 1st quarter valued at approximately $58,000. Simplex Trading LLC acquired a new position in CSW Industrials during the 4th quarter valued at approximately $93,000. Cullen Frost Bankers Inc. raised its holdings in shares of CSW Industrials by 103.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 595 shares of the basic materials company’s stock worth $123,000 after buying an additional 303 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of CSW Industrials during the first quarter worth $148,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Trading Up 1.0 %

NASDAQ CSWI opened at $268.86 on Wednesday. CSW Industrials has a 52 week low of $155.82 and a 52 week high of $270.80. The company has a 50 day moving average price of $247.93 and a 200 day moving average price of $228.58. The company has a quick ratio of 1.56, a current ratio of 2.86 and a debt-to-equity ratio of 0.27. The firm has a market cap of $4.18 billion, a PE ratio of 41.17, a price-to-earnings-growth ratio of 2.16 and a beta of 0.77.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings results on Thursday, May 23rd. The basic materials company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.18. The business had revenue of $210.86 million for the quarter, compared to analyst estimates of $204.70 million. CSW Industrials had a net margin of 12.82% and a return on equity of 18.56%. As a group, sell-side analysts forecast that CSW Industrials will post 8.13 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were given a dividend of $0.21 per share. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 0.31%. The ex-dividend date was Thursday, April 25th. CSW Industrials’s dividend payout ratio is currently 12.86%.

CSW Industrials Company Profile

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.