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

CSW Industrials, Inc. (NASDAQ:CSWI) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 233,500 shares, an increase of 14.5% from the March 31st total of 204,000 shares. Currently, 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 88,100 shares, the days-to-cover ratio is currently 2.7 days.

CSW Industrials Stock Up 0.4 %

CSW Industrials stock traded up $0.98 during midday trading on Monday, hitting $239.98. The stock had a trading volume of 63,858 shares, compared to its average volume of 92,671. The company has a current ratio of 2.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average price of $233.35 and a 200 day moving average price of $208.74. CSW Industrials has a 12 month low of $132.06 and a 12 month high of $243.30. The stock has a market cap of $3.73 billion, a P/E ratio of 38.52, a P/E/G ratio of 1.96 and a beta of 0.73.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings results on Thursday, February 1st. The basic materials company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.10). CSW Industrials had a return on equity of 18.47% and a net margin of 12.47%. The company had revenue of $174.97 million for the quarter, compared to the consensus estimate of $180.80 million. Research analysts predict that CSW Industrials will post 6.83 EPS for the current year.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Thursday, April 25th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.19. CSW Industrials’s payout ratio is currently 13.48%.

Insiders Place Their Bets

In other CSW Industrials news, EVP Don Sullivan sold 7,826 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now owns 28,956 shares in the company, valued at $6,685,940.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Don Sullivan sold 7,826 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $230.90, for a total value of $1,807,023.40. Following the completion of the transaction, the executive vice president now directly owns 28,956 shares in the company, valued at $6,685,940.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 50,997 shares of the company’s stock, valued at $11,849,662.92. The disclosure for this sale can be found here. Insiders sold a total of 10,826 shares of company stock worth $2,502,133 over the last ninety days. 1.30% of the stock is owned by company insiders.

Institutional Trading of CSW Industrials

Several institutional investors have recently modified their holdings of CSWI. Dark Forest Capital Management LP purchased a new position in shares of CSW Industrials in the third quarter worth approximately $395,000. Jump Financial LLC increased its stake in CSW Industrials by 62.0% in the 3rd quarter. Jump Financial LLC now owns 9,559 shares of the basic materials company’s stock valued at $1,675,000 after buying an additional 3,659 shares during the period. Vaughan David Investments LLC IL purchased a new stake in CSW Industrials in the 4th quarter worth approximately $207,000. SG Americas Securities LLC acquired a new stake in shares of CSW Industrials during the 3rd quarter valued at $735,000. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of CSW Industrials during the 3rd quarter valued at $51,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

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.