CSW Industrials Inc (NASDAQ:CSWI) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 63,400 shares, a decline of 26.3% from the September 30th total of 86,000 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 71,100 shares, the days-to-cover ratio is currently 0.9 days.
Shares of CSWI stock traded down $0.36 on Friday, reaching $75.18. 62,200 shares of the company’s stock traded hands, compared to its average volume of 63,215. CSW Industrials has a 12-month low of $45.99 and a 12-month high of $76.24. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.90 and a current ratio of 2.94. The company has a market capitalization of $1.14 billion, a P/E ratio of 24.29 and a beta of 1.05. The business’s 50 day moving average price is $68.67 and its two-hundred day moving average price is $67.27.
CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.07. CSW Industrials had a return on equity of 17.50% and a net margin of 11.47%. The business had revenue of $101.32 million during the quarter, compared to analysts’ expectations of $95.30 million. During the same quarter in the previous year, the firm earned $0.79 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently bought and sold shares of CSWI. Nuveen Asset Management LLC lifted its position in shares of CSW Industrials by 287.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 242,914 shares of the basic materials company’s stock worth $16,555,000 after purchasing an additional 180,146 shares during the last quarter. Mountain Pacific Investment Advisers Inc. ID acquired a new position in CSW Industrials in the 3rd quarter valued at approximately $7,186,000. Eaton Vance Management acquired a new position in CSW Industrials in the 2nd quarter valued at approximately $6,827,000. Schroder Investment Management Group raised its holdings in CSW Industrials by 663.6% in the 2nd quarter. Schroder Investment Management Group now owns 73,600 shares of the basic materials company’s stock valued at $5,016,000 after acquiring an additional 63,961 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in CSW Industrials by 4.3% in the 2nd quarter. BlackRock Inc. now owns 1,068,970 shares of the basic materials company’s stock valued at $72,850,000 after acquiring an additional 44,222 shares in the last quarter. 75.09% of the stock is owned by institutional investors and hedge funds.
CSWI has been the topic of a number of recent research reports. ValuEngine cut CSW Industrials from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. BidaskClub upgraded CSW Industrials from a “hold” rating to a “buy” rating in a report on Wednesday.
About CSW Industrials
CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. The company operates through two segments, Industrial Products and Specialty Chemicals. The Industrial Products segment offers specialty mechanical products; fire and smoke protection products; architecturally-specified building products; and storage, filtration, and application equipment for use with specialty chemicals and other products.
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