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

CSW Industrials, Inc. (NASDAQ:CSWI) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 397,700 shares, a decrease of 19.1% from the October 15th total of 491,600 shares. Based on an average daily volume of 202,400 shares, the short-interest ratio is presently 2.0 days.

CSW Industrials Stock Performance

NASDAQ CSWI traded down $3.81 on Friday, hitting $403.98. 60,310 shares of the stock traded hands, compared to its average volume of 126,262. CSW Industrials has a 12 month low of $167.81 and a 12 month high of $428.46. The business’s fifty day moving average is $372.75 and its two-hundred day moving average is $312.06. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 54.89, a PEG ratio of 3.24 and a beta of 0.78.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were issued a $0.24 dividend. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Friday, October 25th. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

Wall Street Analyst Weigh In

Several analysts have recently commented on CSWI shares. Citigroup raised CSW Industrials to a “hold” rating in a research note on Wednesday. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research report on Thursday.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the company’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 transaction of $341,370.00. Following the transaction, the chief executive officer now directly owns 51,579 shares of the company’s stock, valued at approximately $17,607,523.23. This represents a 1.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 3,000 shares of company stock worth $1,139,500 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On CSW Industrials

A number of large investors have recently made changes to their positions in CSWI. Envestnet Portfolio Solutions Inc. raised its position in shares of CSW Industrials by 15.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,524 shares of the basic materials company’s stock worth $358,000 after buying an additional 203 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of CSW Industrials in the first quarter worth $148,000. Sei Investments Co. raised its position in shares of CSW Industrials by 8.6% in the first quarter. Sei Investments Co. now owns 52,249 shares of the basic materials company’s stock worth $12,257,000 after buying an additional 4,126 shares in the last quarter. Russell Investments Group Ltd. raised its position 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 worth $196,000 after buying an additional 830 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of CSW Industrials by 8.0% in the first quarter. US Bancorp DE now owns 2,330 shares of the basic materials company’s stock worth $547,000 after buying an additional 172 shares in the last quarter. 82.79% of the stock is owned by institutional investors.

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.