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

CSW Industrials, Inc. (NASDAQ:CSWI) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 397,700 shares, a drop of 19.1% from the October 15th total of 491,600 shares. Based on an average trading volume of 202,400 shares, the days-to-cover ratio is presently 2.0 days.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $341.37, for a total value of $341,370.00. Following the transaction, the chief executive officer now directly owns 51,579 shares of the company’s stock, valued at approximately $17,607,523.23. This trade represents a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 3,000 shares of company stock worth $1,139,500 in the last three months. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CSW Industrials

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. increased its position in shares of CSW Industrials by 15.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,524 shares of the basic materials company’s stock worth $358,000 after purchasing an additional 203 shares in the last quarter. SG Americas Securities LLC purchased a new position in CSW Industrials in the 1st quarter valued at about $148,000. Sei Investments Co. boosted its position in CSW Industrials by 8.6% during the first quarter. Sei Investments Co. now owns 52,249 shares of the basic materials company’s stock worth $12,257,000 after acquiring an additional 4,126 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of CSW Industrials by 20,750.0% during the first quarter. Russell Investments Group Ltd. now owns 834 shares of the basic materials company’s stock worth $196,000 after purchasing an additional 830 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of CSW Industrials by 8.0% during the 1st quarter. US Bancorp DE now owns 2,330 shares of the basic materials company’s stock worth $547,000 after acquiring an additional 172 shares during the period. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

CSWI has been the subject of a number of recent research reports. Citigroup upgraded CSW Industrials to a “hold” rating in a report on Wednesday. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday.

CSW Industrials Stock Down 0.9 %

Shares of CSW Industrials stock traded down $3.81 during mid-day trading on Friday, hitting $403.98. The stock had a trading volume of 60,310 shares, compared to its average volume of 126,262. CSW Industrials has a 12-month low of $167.81 and a 12-month high of $428.46. The firm has a market cap of $6.79 billion, a P/E ratio of 54.89, a price-to-earnings-growth ratio of 3.24 and a beta of 0.78. The firm has a 50-day moving average of $372.75 and a two-hundred day moving average of $312.06.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Friday, October 25th. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s dividend payout ratio (DPR) is currently 13.04%.

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.