CSW Industrials, Inc. (NASDAQ:CSWI) Short Interest Down 19.1% in October

CSW Industrials, Inc. (NASDAQ:CSWI) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 397,700 shares, a decrease of 19.1% from the October 15th total of 491,600 shares. Based on an average daily trading volume, of 202,400 shares, the short-interest ratio is presently 2.0 days.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $341.37, for a total value of $341,370.00. Following the completion of the sale, the chief executive officer now owns 51,579 shares of the company’s stock, valued at $17,607,523.23. This represents a 1.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold 3,000 shares of company stock worth $1,139,500 over the last three months. Insiders own 1.40% of the company’s stock.

Institutional Trading of CSW Industrials

Several institutional investors and hedge funds have recently modified their holdings of CSWI. Envestnet Portfolio Solutions Inc. lifted its stake in shares of 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 during the period. SG Americas Securities LLC purchased a new stake in CSW Industrials during the first quarter valued at about $148,000. Sei Investments Co. increased its stake in CSW Industrials by 8.6% during the first quarter. Sei Investments Co. now owns 52,249 shares of the basic materials company’s stock worth $12,257,000 after acquiring an additional 4,126 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of CSW Industrials by 20,750.0% in the 1st quarter. Russell Investments Group Ltd. now owns 834 shares of the basic materials company’s stock worth $196,000 after purchasing an additional 830 shares during the period. Finally, US Bancorp DE raised its holdings in shares of CSW Industrials by 8.0% in the 1st quarter. US Bancorp DE now owns 2,330 shares of the basic materials company’s stock worth $547,000 after purchasing an additional 172 shares during the period. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

CSWI has been the topic of a number of research reports. StockNews.com cut 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 research note on Wednesday.

CSW Industrials Trading Down 0.9 %

NASDAQ:CSWI traded down $3.81 during midday trading on Friday, hitting $403.98. 60,310 shares of the company were exchanged, compared to its average volume of 126,262. The company has a market capitalization of $6.79 billion, a PE ratio of 54.89, a price-to-earnings-growth ratio of 3.24 and a beta of 0.78. CSW Industrials has a fifty-two week low of $167.81 and a fifty-two week high of $428.46. The company has a fifty day simple moving average of $372.75 and a 200 day simple moving average of $312.06.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were paid a dividend of $0.24 per share. This is a positive change 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 dividend yield of 0.24%. CSW Industrials’s payout ratio is 13.04%.

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.