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

CSW Industrials, Inc. (NASDAQ:CSWI) was the target of a significant 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.

CSW Industrials Stock Performance

Shares of NASDAQ CSWI traded down $3.81 during trading hours on Friday, hitting $403.98. The company’s stock had a trading volume of 60,310 shares, compared to its average volume of 126,262. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 54.89, a P/E/G ratio of 3.24 and a beta of 0.78. CSW Industrials has a 12 month low of $167.81 and a 12 month high of $428.46. The business has a 50-day simple moving average of $372.75 and a 200-day simple moving average of $312.06.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were paid a $0.24 dividend. 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. This represents a $0.96 annualized dividend and a dividend yield of 0.24%. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total transaction of $393,340.00. Following the sale, the chief executive officer now owns 51,698 shares in the company, valued at $20,334,891.32. This trade represents a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 3,000 shares of company stock worth $1,139,500 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of CSW Industrials

Large investors have recently modified their holdings of the business. GAMMA Investing LLC grew 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 during the last quarter. National Bank of Canada FI bought a new stake in CSW Industrials during the 3rd quarter valued at approximately $28,000. V Square Quantitative Management LLC bought a new stake in CSW Industrials during the 3rd quarter valued at approximately $30,000. Contravisory Investment Management Inc. boosted its position in CSW Industrials by 48.1% during the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 38 shares in the last quarter. Finally, Peterson Financial Group Inc. bought a new stake in CSW Industrials during the 3rd quarter valued at approximately $72,000. 82.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on CSWI shares. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a report on Thursday. Citigroup upgraded 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.