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

CSW Industrials, Inc. (NASDAQ:CSWI) saw a large increase in short interest during the month of February. As of February 29th, there was short interest totalling 200,200 shares, an increase of 46.1% from the February 14th total of 137,000 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average daily volume of 91,000 shares, the short-interest ratio is presently 2.2 days.

CSW Industrials Trading Down 0.4 %

Shares of CSW Industrials stock traded down $0.96 during trading on Friday, reaching $230.08. 187,787 shares of the stock were exchanged, compared to its average volume of 102,717. 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 price-to-earnings ratio of 36.93, a price-to-earnings-growth ratio of 2.26 and a beta of 0.73. CSW Industrials has a 1 year low of $130.18 and a 1 year high of $241.61. The stock’s fifty day moving average is $222.46 and its 200 day moving average is $196.25.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.10). The business had revenue of $174.97 million during the quarter, compared to analysts’ expectations of $180.80 million. CSW Industrials had a return on equity of 18.47% and a net margin of 12.47%. As a group, equities 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. Investors of record on Friday, January 26th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.33%. The ex-dividend date was Thursday, January 25th. CSW Industrials’s dividend payout ratio (DPR) is currently 12.20%.

Insider Activity at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $232.36, for a total value of $232,360.00. Following the transaction, the chief executive officer now owns 50,997 shares in the company, valued at $11,849,662.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other CSW Industrials news, EVP Don Sullivan sold 7,826 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 28,956 shares of the company’s stock, valued at approximately $6,685,940.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction 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 directly owns 50,997 shares in the company, valued at approximately $11,849,662.92. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp purchased a new position in shares of CSW Industrials during the fourth quarter valued at about $31,000. Point72 Hong Kong Ltd purchased a new position in shares of CSW Industrials during the 2nd quarter worth approximately $34,000. Cullen Frost Bankers Inc. bought a new position in shares of CSW Industrials in the 3rd quarter worth approximately $51,000. State of Wyoming raised its position in shares of CSW Industrials by 50.0% in the 2nd quarter. State of Wyoming now owns 324 shares of the basic materials company’s stock worth $54,000 after acquiring an additional 108 shares in the last quarter. Finally, KBC Group NV bought a new stake in shares of CSW Industrials during the fourth quarter valued at approximately $56,000. 80.54% of the stock is owned by hedge funds and other institutional investors.

About CSW Industrials

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.