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

CSW Industrials, Inc. (NASDAQ:CSWIGet Free Report) was the recipient of a large increase in short interest in 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. Based on an average daily volume of 98,200 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.4% of the company’s stock are sold short.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm’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 sale, 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 legal filing with the SEC, which is available through the SEC website. In other CSW Industrials news, EVP Don Sullivan sold 7,826 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $230.90, for a total transaction of $1,807,023.40. Following the completion of the sale, the executive vice president now owns 28,956 shares in the company, valued at approximately $6,685,940.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $232.36, for a total value of $232,360.00. Following the sale, the chief executive officer now owns 50,997 shares of the company’s stock, valued at approximately $11,849,662.92. The disclosure for this sale can be found here. Insiders sold a total of 9,826 shares of company stock worth $2,269,443 in the last 90 days. 1.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CSWI. Bank of New York Mellon Corp grew its position in shares of CSW Industrials by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 61,178 shares of the basic materials company’s stock worth $7,194,000 after acquiring an additional 1,185 shares in the last quarter. US Bancorp DE grew its position in shares of CSW Industrials by 14.7% in the 1st quarter. US Bancorp DE now owns 1,642 shares of the basic materials company’s stock worth $193,000 after acquiring an additional 210 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of CSW Industrials by 52.4% in the 1st quarter. MetLife Investment Management LLC now owns 8,229 shares of the basic materials company’s stock worth $968,000 after acquiring an additional 2,830 shares in the last quarter. Westwood Holdings Group Inc. bought a new stake in shares of CSW Industrials in the 1st quarter worth approximately $239,000. Finally, Vanguard Group Inc. lifted its holdings in shares of CSW Industrials by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 804,646 shares of the basic materials company’s stock worth $94,618,000 after purchasing an additional 7,331 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Price Performance

Shares of NASDAQ CSWI opened at $230.18 on Thursday. CSW Industrials has a fifty-two week low of $131.09 and a fifty-two week high of $243.30. The business has a 50 day moving average price of $227.86 and a two-hundred day moving average price of $201.11. 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 firm has a market cap of $3.57 billion, a PE ratio of 36.95, a price-to-earnings-growth ratio of 1.90 and a beta of 0.73.

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

CSW Industrials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 26th were given a $0.19 dividend. The ex-dividend date of this dividend was Thursday, January 25th. This represents a $0.76 annualized dividend and a dividend yield of 0.33%. CSW Industrials’s payout ratio is 12.20%.

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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