CSW Industrials, Inc. (NASDAQ:CSWI) Sees Large Growth in Short Interest

CSW Industrials, Inc. (NASDAQ:CSWIGet Free Report) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 187,300 shares, an increase 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 shares are sold short.

Insider Activity

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

Institutional Trading of CSW Industrials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSWI. Comerica Bank boosted its position in shares of CSW Industrials by 41.0% during the first quarter. Comerica Bank now owns 42,034 shares of the basic materials company’s stock worth $9,861,000 after buying an additional 12,226 shares during the period. Tidal Investments LLC raised its holdings in shares of CSW Industrials by 15.0% in the 1st quarter. Tidal Investments LLC now owns 1,402 shares of the basic materials company’s stock valued at $329,000 after buying an additional 183 shares during the period. Morse Asset Management Inc acquired a new position in CSW Industrials during the 1st quarter worth about $352,000. Capital World Investors boosted its holdings in CSW Industrials by 956.8% during the 1st quarter. Capital World Investors now owns 376,573 shares of the basic materials company’s stock valued at $88,344,000 after acquiring an additional 340,939 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in CSW Industrials by 272.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 7,344 shares of the basic materials company’s stock valued at $1,720,000 after acquiring an additional 5,372 shares during the period. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Trading Up 1.0 %

Shares of CSW Industrials stock traded up $2.60 during trading hours on Tuesday, hitting $268.86. The company’s stock had a trading volume of 141,281 shares, compared to its average volume of 94,249. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 41.17, a P/E/G ratio of 2.16 and a beta of 0.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.56 and a current ratio of 2.86. CSW Industrials has a twelve month low of $155.82 and a twelve month high of $270.80. The firm has a fifty day moving average of $247.93 and a 200-day moving average of $228.58.

CSW Industrials (NASDAQ:CSWIGet Free Report) last posted its earnings results on Thursday, May 23rd. The basic materials company reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.18. CSW Industrials had a net margin of 12.82% and a return on equity of 18.56%. The company had revenue of $210.86 million for the quarter, compared to analysts’ expectations of $204.70 million. Research analysts forecast that CSW Industrials will post 8.13 EPS for the current year.

CSW Industrials Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.31%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.19. CSW Industrials’s dividend payout ratio (DPR) is presently 12.86%.

CSW Industrials Company Profile

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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.

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