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

CSW Industrials, Inc. (NASDAQ:CSWI) saw a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 187,300 shares, a growth of 8.4% from the May 15th total of 172,800 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average trading volume of 88,100 shares, the days-to-cover ratio is currently 2.1 days.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $232.69, for a total value of $232,690.00. Following the sale, the chief executive officer now directly owns 56,579 shares of the company’s stock, valued at approximately $13,165,367.51. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On CSW Industrials

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Azzad Asset Management Inc. ADV boosted its stake in CSW Industrials by 1.6% in the first quarter. Azzad Asset Management Inc. ADV now owns 3,826 shares of the basic materials company’s stock valued at $898,000 after acquiring an additional 59 shares in the last quarter. Fifth Third Bancorp grew its stake in CSW Industrials by 51.4% during the 1st quarter. Fifth Third Bancorp now owns 224 shares of the basic materials company’s stock worth $53,000 after buying an additional 76 shares during the last quarter. Van Hulzen Asset Management LLC increased its position in CSW Industrials by 1.6% during the fourth quarter. Van Hulzen Asset Management LLC now owns 7,870 shares of the basic materials company’s stock worth $1,632,000 after buying an additional 126 shares during the period. New York State Common Retirement Fund increased its position in CSW Industrials by 2.3% during the fourth quarter. New York State Common Retirement Fund now owns 6,334 shares of the basic materials company’s stock worth $1,314,000 after buying an additional 143 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of CSW Industrials by 8.0% in the first quarter. US Bancorp DE now owns 2,330 shares of the basic materials company’s stock valued at $547,000 after acquiring an additional 172 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

CSW Industrials Trading Up 1.0 %

CSWI opened at $268.86 on Wednesday. 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 one year low of $155.82 and a one year high of $270.80. The company has a market cap of $4.18 billion, a P/E ratio of 41.17, a PEG ratio of 2.16 and a beta of 0.77. The business’s 50-day simple moving average is $247.93 and its 200-day simple moving average is $228.58.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results on Thursday, May 23rd. The basic materials company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.18. The firm had revenue of $210.86 million during the quarter, compared to the consensus estimate of $204.70 million. CSW Industrials had a return on equity of 18.56% and a net margin of 12.82%. As a group, equities research analysts expect that CSW Industrials will post 8.13 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.31%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, April 25th. CSW Industrials’s dividend payout ratio (DPR) is 12.86%.

CSW Industrials Company Profile

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.