CSW Industrials Inc (NASDAQ:CSWI) Short Interest Down 26.3% in October

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.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.54 annualized dividend and a dividend yield of 0.72%.

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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