CSW Industrials Inc (NASDAQ:CSWI) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 87,700 shares, an increase of 14.3% from the July 31st total of 76,700 shares. Based on an average daily volume of 76,500 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.6% of the company’s stock are sold short.
In other news, CEO Joseph B. Armes sold 15,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $68.88, for a total value of $1,033,200.00. Following the sale, the chief executive officer now owns 59,340 shares of the company’s stock, valued at $4,087,339.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of CSWI. Bank of Montreal Can raised its holdings in CSW Industrials by 1,854.5% in the 2nd quarter. Bank of Montreal Can now owns 1,290 shares of the basic materials company’s stock valued at $88,000 after buying an additional 1,224 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of CSW Industrials during the 2nd quarter worth approximately $102,000. SG Americas Securities LLC acquired a new stake in shares of CSW Industrials during the 1st quarter worth approximately $106,000. Virginia Retirement Systems ET AL acquired a new stake in shares of CSW Industrials during the 2nd quarter worth approximately $204,000. Finally, RMB Capital Management LLC acquired a new stake in shares of CSW Industrials during the 2nd quarter worth approximately $204,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CSWI stock traded up $0.83 during trading on Friday, reaching $71.87. The company’s stock had a trading volume of 1,983 shares, compared to its average volume of 72,116. The business has a fifty day moving average price of $68.81 and a 200-day moving average price of $63.80. The company has a quick ratio of 1.91, a current ratio of 3.12 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 22.95 and a beta of 1.06. CSW Industrials has a one year low of $41.50 and a one year high of $75.67.
CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data on Thursday, August 8th. The basic materials company reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.10. CSW Industrials had a net margin of 13.53% and a return on equity of 17.33%. The business had revenue of $102.30 million for the quarter, compared to analyst estimates of $98.13 million. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Tuesday, July 30th were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 0.75%. The ex-dividend date was Monday, July 29th.
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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