Short Interest in CSW Industrials, Inc. (NASDAQ:CSWI) Declines By 6.9%

CSW Industrials, Inc. (NASDAQ:CSWIGet Free Report) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 217,400 shares, a drop of 6.9% from the April 15th total of 233,500 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily volume of 79,700 shares, the days-to-cover ratio is currently 2.7 days.

Insider Transactions at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction 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 completion of the transaction, the chief executive officer now owns 50,997 shares of the company’s stock, valued at $11,849,662.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Joseph B. Armes sold 1,000 shares of the company’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 transaction, the chief executive officer now directly owns 50,997 shares of the company’s stock, valued at approximately $11,849,662.92. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Don Sullivan sold 7,826 shares of the business’s stock in a transaction 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 directly owns 28,956 shares of the company’s stock, valued at approximately $6,685,940.40. The disclosure for this sale can be found here. Insiders have sold 10,826 shares of company stock valued at $2,502,133 in the last 90 days. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of CSW Industrials

Several hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp purchased a new stake in CSW Industrials in the 4th quarter valued at about $31,000. Cullen Frost Bankers Inc. purchased a new stake in shares of CSW Industrials in the 3rd quarter valued at approximately $51,000. Harbor Investment Advisory LLC acquired a new position in shares of CSW Industrials in the 1st quarter worth approximately $58,000. Huntington National Bank boosted its position in shares of CSW Industrials by 1,722.7% during the 3rd quarter. Huntington National Bank now owns 401 shares of the basic materials company’s stock worth $70,000 after purchasing an additional 379 shares during the period. Finally, Simplex Trading LLC acquired a new stake in CSW Industrials in the 4th quarter valued at approximately $93,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Stock Performance

CSWI opened at $240.37 on Friday. The firm has a market capitalization of $3.73 billion, a PE ratio of 38.58, a PEG ratio of 1.99 and a beta of 0.72. The firm’s 50-day moving average price is $236.89 and its 200 day moving average price is $214.57. CSW Industrials has a twelve month low of $132.78 and a twelve month high of $252.14. The company has a current ratio of 2.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were given a dividend of $0.21 per share. This is a boost from CSW Industrials’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 0.35%. The ex-dividend date was Thursday, April 25th. CSW Industrials’s dividend payout ratio (DPR) is presently 13.48%.

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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