CSW Industrials, Inc. (NASDAQ:CSWI) Short Interest Update

CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 217,400 shares, a drop of 6.9% from the April 15th total of 233,500 shares. Currently, 1.4% of the company's stock are sold short. Based on an average daily trading volume, of 79,700 shares, the days-to-cover ratio is currently 2.7 days.

CSW Industrials Stock Performance

NASDAQ CSWI traded down $2.42 during trading hours on Friday, hitting $240.37. The company's stock had a trading volume of 70,593 shares, compared to its average volume of 74,968. CSW Industrials has a 12 month low of $132.78 and a 12 month high of $252.14. The company's 50 day simple moving average is $237.02 and its two-hundred day simple moving average is $215.01. The company has a market cap of $3.73 billion, a P/E ratio of 38.58, a price-to-earnings-growth ratio of 1.99 and a beta of 0.72. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.77 and a quick ratio of 1.40.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.35%. This is an increase from CSW Industrials's previous quarterly dividend of $0.19. The ex-dividend date was Thursday, April 25th. CSW Industrials's dividend payout ratio (DPR) is presently 13.48%.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $232.36, for a total transaction of $232,360.00. Following the completion of the transaction, the chief executive officer now directly owns 50,997 shares in the company, valued at $11,849,662.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $232.36, for a total transaction of $232,360.00. Following the completion of the transaction, the chief executive officer now directly owns 50,997 shares in the company, valued at $11,849,662.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Don Sullivan sold 7,826 shares of the firm'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 transaction, the executive vice president now owns 28,956 shares of the company's stock, valued at $6,685,940.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,826 shares of company stock valued at $2,502,133. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CSW Industrials

Large investors have recently bought and sold shares of the business. Dark Forest Capital Management LP bought a new position in shares of CSW Industrials in the 3rd quarter worth approximately $395,000. Jump Financial LLC raised its holdings 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 worth $1,675,000 after purchasing an additional 3,659 shares during the period. Vaughan David Investments LLC IL purchased a new position in CSW Industrials during the fourth quarter valued at $207,000. Cullen Frost Bankers Inc. bought a new stake in CSW Industrials during the third quarter valued at about $51,000. Finally, Conestoga Capital Advisors LLC increased its position in CSW Industrials by 81.5% in the fourth quarter. Conestoga Capital Advisors LLC now owns 398,680 shares of the basic materials company's stock worth $82,690,000 after buying an additional 178,962 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors.

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.