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

CSW Industrials logo with Basic Materials background

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.

View Our Latest Stock Analysis on CSWI

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

(Get Free Report)

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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