CSW Industrials, Inc. (NASDAQ:CSWI) Sees Significant Drop in Short Interest

CSW Industrials, Inc. (NASDAQ:CSWI) was the target of 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 daily volume of 202,400 shares, the short-interest ratio is currently 2.0 days.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total transaction of $393,340.00. Following the completion of the sale, the chief executive officer now directly owns 51,698 shares in the company, valued at approximately $20,334,891.32. This trade represents a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders sold 3,000 shares of company stock valued at $1,139,500. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CSWI. Envestnet Portfolio Solutions Inc. increased its stake in CSW Industrials by 15.4% during the 1st 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 acquired a new position in shares of CSW Industrials during the 1st quarter worth about $148,000. Sei Investments Co. lifted its holdings in CSW Industrials by 8.6% during the 1st quarter. Sei Investments Co. now owns 52,249 shares of the basic materials company’s stock valued at $12,257,000 after purchasing 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 acquiring an additional 830 shares during the period. Finally, US Bancorp DE grew its stake 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 in the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Stock Down 0.9 %

NASDAQ:CSWI traded down $3.81 during trading hours on Friday, reaching $403.98. The company had a trading volume of 60,310 shares, compared to its average volume of 126,262. The firm has a market capitalization of $6.79 billion, a PE ratio of 54.89, a PEG ratio of 3.24 and a beta of 0.78. The stock has a 50-day moving average of $372.75 and a two-hundred day moving average of $312.06. CSW Industrials has a one year low of $167.81 and a one year high of $428.46.

CSW Industrials Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CSWI shares. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a report on Wednesday.

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.