CSW Industrials, Inc. (NASDAQ:CSWI) Short Interest Down 13.6% in May

CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) saw a significant drop in short interest in May. As of May 15th, there was short interest totalling 515,000 shares, a drop of 13.6% from the April 30th total of 596,000 shares. Based on an average trading volume of 122,800 shares, the short-interest ratio is currently 4.2 days. Currently, 3.1% of the shares of the stock are short sold.

Analysts Set New Price Targets

CSWI has been the topic of a number of research analyst reports. Citigroup raised their price objective on shares of CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Wells Fargo & Company lifted their price target on CSW Industrials from $295.00 to $305.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. Finally, Truist Financial started coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a "hold" rating and a $362.00 target price for the company. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $347.00.

CSW Industrials Stock Performance

Shares of CSWI traded down $3.01 during mid-day trading on Wednesday, hitting $304.19. The company's stock had a trading volume of 84,790 shares, compared to its average volume of 136,221. The stock's 50-day moving average is $303.64 and its two-hundred day moving average is $333.72. The firm has a market capitalization of $5.11 billion, a PE ratio of 36.34 and a beta of 0.96. CSW Industrials has a one year low of $249.84 and a one year high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.01. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. The business had revenue of $230.55 million for the quarter, compared to analysts' expectations of $232.82 million. During the same quarter last year, the business earned $2.04 earnings per share. Analysts expect that CSW Industrials will post 8.49 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, April 25th. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.36%. CSW Industrials's payout ratio is presently 12.84%.

Insiders Place Their Bets

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $301.38, for a total transaction of $60,276.00. Following the completion of the transaction, the director now directly owns 12,719 shares in the company, valued at approximately $3,833,252.22. This represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $289.97, for a total transaction of $289,970.00. Following the completion of the sale, the chief executive officer now owns 46,848 shares of the company's stock, valued at $13,584,514.56. This trade represents a 2.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,195 shares of company stock valued at $3,682,939 in the last three months. Corporate insiders own 1.40% of the company's stock.

Institutional Trading of CSW Industrials

Several institutional investors have recently added to or reduced their stakes in CSWI. Raymond James Financial Inc. bought a new position in shares of CSW Industrials during the fourth quarter worth about $18,197,000. Blue Trust Inc. raised its stake in shares of CSW Industrials by 25.3% in the fourth quarter. Blue Trust Inc. now owns 361 shares of the basic materials company's stock valued at $132,000 after buying an additional 73 shares during the period. Avantax Advisory Services Inc. raised its stake in shares of CSW Industrials by 5.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 826 shares of the basic materials company's stock valued at $291,000 after purchasing an additional 46 shares during the period. Congress Asset Management Co. raised its stake in shares of CSW Industrials by 1.2% during the 4th quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company's stock valued at $72,745,000 after purchasing an additional 2,544 shares during the period. Finally, U.S. Capital Wealth Advisors LLC grew its position in CSW Industrials by 40.0% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,500 shares of the basic materials company's stock worth $1,235,000 after buying an additional 1,000 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors.

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 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.

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