CSW Industrials, Inc. (NASDAQ:CSWI – Get Rating) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 157,200 shares, a drop of 13.9% from the August 15th total of 182,600 shares. Based on an average daily volume of 52,400 shares, the short-interest ratio is currently 3.0 days. Currently, 1.0% of the company’s shares are sold short.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research note on Thursday. Barrington Research increased their target price on CSW Industrials from $153.00 to $157.00 and gave the stock an “outperform” rating in a research report on Monday, August 22nd.
Insider Buying and Selling
In related news, CEO Joseph B. Armes sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $125.48, for a total transaction of $250,960.00. Following the completion of the sale, the chief executive officer now owns 56,920 shares of the company’s stock, valued at $7,142,321.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Joseph B. Armes sold 2,000 shares of CSW Industrials stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $125.48, for a total transaction of $250,960.00. Following the transaction, the chief executive officer now owns 56,920 shares of the company’s stock, valued at $7,142,321.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Joseph B. Armes sold 500 shares of CSW Industrials stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $120.10, for a total value of $60,050.00. Following the transaction, the chief executive officer now directly owns 72,196 shares in the company, valued at approximately $8,670,739.60. The disclosure for this sale can be found here. Insiders sold 21,373 shares of company stock valued at $2,765,038 over the last 90 days. Company insiders own 1.40% of the company’s stock.
Hedge Funds Weigh In On CSW Industrials
Several hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of CSW Industrials by 1.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,296,848 shares of the basic materials company’s stock valued at $133,613,000 after buying an additional 17,510 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of CSW Industrials by 5.0% during the 1st quarter. Neuberger Berman Group LLC now owns 974,764 shares of the basic materials company’s stock valued at $114,623,000 after buying an additional 46,630 shares during the period. Vanguard Group Inc. raised its holdings in CSW Industrials by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 804,646 shares of the basic materials company’s stock worth $94,618,000 after purchasing an additional 7,331 shares during the period. Capital International Investors raised its holdings in CSW Industrials by 3.0% in the 1st quarter. Capital International Investors now owns 428,108 shares of the basic materials company’s stock worth $50,341,000 after purchasing an additional 12,389 shares during the period. Finally, Eaton Vance Management raised its holdings in CSW Industrials by 6.1% in the 1st quarter. Eaton Vance Management now owns 427,644 shares of the basic materials company’s stock worth $50,287,000 after purchasing an additional 24,604 shares during the period. 78.61% of the stock is owned by institutional investors.
CSW Industrials Stock Down 1.1 %
CSWI traded down $1.34 during trading on Friday, hitting $123.58. 154,175 shares of the company’s stock traded hands, compared to its average volume of 46,352. The company’s 50 day simple moving average is $124.07 and its two-hundred day simple moving average is $114.50. The company has a current ratio of 2.72, a quick ratio of 1.39 and a debt-to-equity ratio of 0.59. CSW Industrials has a 12-month low of $96.03 and a 12-month high of $145.50. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 26.24 and a beta of 0.82.
CSW Industrials (NASDAQ:CSWI – Get Rating) last issued its earnings results on Friday, August 5th. The basic materials company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.37 by $0.51. The business had revenue of $199.93 million for the quarter, compared to the consensus estimate of $180.23 million. CSW Industrials had a return on equity of 16.10% and a net margin of 11.16%. Analysts predict that CSW Industrials will post 6.19 earnings per share for the current fiscal year.
CSW Industrials Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, July 29th were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, July 28th. This represents a $0.68 annualized dividend and a dividend yield of 0.55%. CSW Industrials’s payout ratio is 14.44%.
CSW Industrials Company Profile
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 cements, diffusers, grilles, registers, solvents, thread sealants, traps, and vents for use in HVAC/R, plumbing, general industrial, architecturally, and specified building products.