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

CSW Industrials, Inc. (NASDAQ:CSWI) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 356,800 shares, a decrease of 11.0% from the November 15th total of 401,000 shares. Based on an average daily volume of 182,900 shares, the days-to-cover ratio is presently 2.0 days.

Insider Buying and Selling at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $404.79, for a total value of $404,790.00. Following the transaction, the chief executive officer now owns 50,698 shares in the company, valued at $20,522,043.42. The trade was a 1.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Don Sullivan sold 1,965 shares of CSW Industrials stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $760,749.75. Following the completion of the transaction, the executive vice president now directly owns 30,804 shares of the company’s stock, valued at $11,925,768.60. This trade represents a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,381 shares of company stock valued at $2,496,864. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CSW Industrials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of CSW Industrials by 105.9% in the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 36 shares in the last quarter. National Bank of Canada FI purchased a new stake in CSW Industrials in the 3rd quarter worth $28,000. V Square Quantitative Management LLC bought a new stake in CSW Industrials during the third quarter valued at about $30,000. Peterson Financial Group Inc. bought a new stake in CSW Industrials during the third quarter valued at about $72,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of CSW Industrials by 508.8% in the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock valued at $76,000 after acquiring an additional 173 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Stock Performance

Shares of CSW Industrials stock traded down $9.43 on Tuesday, hitting $379.74. 130,441 shares of the company’s stock were exchanged, compared to its average volume of 125,308. CSW Industrials has a 1 year low of $199.20 and a 1 year high of $436.50. The company has a 50-day simple moving average of $397.24 and a 200-day simple moving average of $336.52. The stock has a market capitalization of $6.39 billion, a PE ratio of 51.63 and a beta of 0.81.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, October 25th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.25%. CSW Industrials’s payout ratio is 13.04%.

Analyst Upgrades and Downgrades

CSWI has been the topic of several research analyst reports. StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Wells Fargo & Company cut their target price on shares of CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a research report on Tuesday. Citigroup raised CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group started coverage on CSW Industrials in a research note on Friday, December 6th. They issued a “neutral” rating and a $450.00 price target on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, CSW Industrials presently has an average rating of “Hold” and an average price target of $430.00.

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.