CSW Industrials, Inc. (NASDAQ:CSWI) Sees Significant Increase in Short Interest

CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 597,400 shares, a growth of 22.4% from the March 31st total of 488,200 shares. Based on an average daily volume of 134,000 shares, the short-interest ratio is currently 4.5 days. Approximately 3.6% of the company's shares are short sold.

Wall Street Analyst Weigh In

CSWI has been the subject of several recent analyst reports. Wells Fargo & Company dropped their price target on CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Citigroup cut their price objective on CSW Industrials from $364.00 to $313.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group decreased their target price on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Finally, Truist Financial started coverage on CSW Industrials in a report on Friday, February 14th. They set a "hold" rating and a $362.00 price target for the company. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $342.50.

Insider Transactions at CSW Industrials

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total value of $57,820.00. Following the completion of the sale, the director now owns 13,119 shares in the company, valued at approximately $3,792,702.90. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Don Sullivan sold 2,222 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $292.12, for a total value of $649,090.64. Following the transaction, the executive vice president now owns 24,853 shares of the company's stock, valued at approximately $7,260,058.36. This represents a 8.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,776 shares of company stock worth $2,595,496. Insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On CSW Industrials

Hedge funds and other institutional investors have recently bought and sold shares of the business. Proficio Capital Partners LLC lifted its position in CSW Industrials by 35,553.3% during the fourth quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company's stock valued at $71,320,000 after purchasing an additional 201,587 shares during the period. Norges Bank purchased a new position in shares of CSW Industrials during the 4th quarter valued at about $59,250,000. Riverbridge Partners LLC acquired a new position in shares of CSW Industrials in the 4th quarter valued at about $42,202,000. GAMMA Investing LLC grew its holdings in CSW Industrials by 63,348.5% during the first quarter. GAMMA Investing LLC now owns 86,290 shares of the basic materials company's stock worth $25,155,000 after acquiring an additional 86,154 shares during the period. Finally, Principal Financial Group Inc. raised its position in CSW Industrials by 1,046.2% during the third quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company's stock valued at $31,140,000 after acquiring an additional 77,576 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.

CSW Industrials Price Performance

Shares of NASDAQ:CSWI traded down $2.15 during trading on Tuesday, hitting $315.79. The company had a trading volume of 8,695 shares, compared to its average volume of 134,641. The company has a fifty day simple moving average of $295.60 and a two-hundred day simple moving average of $344.15. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 37.73 and a beta of 0.96. CSW Industrials has a one year low of $239.67 and a one year high of $436.50.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.34%. This is a boost from CSW Industrials's previous quarterly dividend of $0.24. The ex-dividend date is Friday, April 25th. CSW Industrials's dividend payout ratio (DPR) is presently 12.90%.

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.