CSW Industrials, Inc. (NASDAQ:CSWI) Sees Significant Increase in Short Interest

CSW Industrials, Inc. (NASDAQ:CSWIGet Free Report) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 214,200 shares, an increase of 7.0% from the February 29th total of 200,200 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 98,200 shares, the short-interest ratio is currently 2.2 days.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $232.36, for a total transaction of $232,360.00. Following the transaction, the chief executive officer now owns 50,997 shares in the company, valued at approximately $11,849,662.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CSW Industrials news, EVP Don Sullivan sold 7,826 shares of CSW Industrials stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $230.90, for a total transaction of $1,807,023.40. Following the transaction, the executive vice president now owns 28,956 shares of the company’s stock, valued at $6,685,940.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $232.36, for a total transaction of $232,360.00. Following the completion of the transaction, the chief executive officer now owns 50,997 shares of the company’s stock, valued at $11,849,662.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,826 shares of company stock valued at $2,269,443. Insiders own 1.30% of the company’s stock.

Institutional Trading of CSW Industrials

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its position in CSW Industrials by 5.1% in the second quarter. BlackRock Inc. now owns 1,041,018 shares of the basic materials company’s stock worth $173,007,000 after purchasing an additional 50,102 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of CSW Industrials by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 872,844 shares of the basic materials company’s stock valued at $181,037,000 after buying an additional 18,481 shares during the last quarter. Wasatch Advisors LP increased its stake in CSW Industrials by 17.1% in the fourth quarter. Wasatch Advisors LP now owns 591,126 shares of the basic materials company’s stock worth $122,605,000 after purchasing an additional 86,427 shares during the period. Morgan Stanley lifted its holdings in CSW Industrials by 681.4% during the 4th quarter. Morgan Stanley now owns 499,560 shares of the basic materials company’s stock valued at $57,914,000 after buying an additional 435,627 shares in the last quarter. Finally, Capital International Investors boosted its holdings in shares of CSW Industrials by 3.0% in the first quarter. Capital International Investors now owns 428,108 shares of the basic materials company’s stock valued at $50,341,000 after purchasing an additional 12,389 shares during the period. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Price Performance

CSWI stock traded up $4.35 during trading on Wednesday, reaching $232.93. The company’s stock had a trading volume of 3,911 shares, compared to its average volume of 98,901. The company has a quick ratio of 1.40, a current ratio of 2.77 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average is $227.41 and its 200-day moving average is $200.90. The company has a market capitalization of $3.62 billion, a P/E ratio of 36.69, a price-to-earnings-growth ratio of 1.90 and a beta of 0.73. CSW Industrials has a 1 year low of $131.09 and a 1 year high of $243.30.

CSW Industrials (NASDAQ:CSWIGet Free Report) last released its earnings results on Thursday, February 1st. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.10). CSW Industrials had a return on equity of 18.47% and a net margin of 12.47%. The business had revenue of $174.97 million for the quarter, compared to analysts’ expectations of $180.80 million. On average, research analysts expect that CSW Industrials will post 6.83 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 26th were issued a $0.19 dividend. The ex-dividend date was Thursday, January 25th. This represents a $0.76 dividend on an annualized basis and a yield of 0.33%. CSW Industrials’s dividend payout ratio is currently 12.20%.

About CSW Industrials

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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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