CSW Industrials Inc (NASDAQ:CSWI) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 63,400 shares, a decrease of 26.3% from the September 30th total of 86,000 shares. Based on an average daily trading volume, of 71,100 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.4% of the company’s shares are short sold.
Hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can increased its holdings in CSW Industrials by 1,854.5% during the 2nd quarter. Bank of Montreal Can now owns 1,290 shares of the basic materials company’s stock worth $88,000 after purchasing an additional 1,224 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in CSW Industrials during the 2nd quarter worth about $102,000. Mechanics Bank Trust Department bought a new position in CSW Industrials during the 3rd quarter worth about $133,000. SG Americas Securities LLC increased its holdings in CSW Industrials by 16.2% during the 2nd quarter. SG Americas Securities LLC now owns 2,155 shares of the basic materials company’s stock worth $147,000 after purchasing an additional 301 shares in the last quarter. Finally, Virginia Retirement Systems ET AL bought a new position in CSW Industrials during the 2nd quarter worth about $204,000. Hedge funds and other institutional investors own 75.09% of the company’s stock.
NASDAQ:CSWI traded down $0.36 during trading hours on Friday, hitting $75.18. 62,200 shares of the stock were exchanged, compared to its average volume of 63,215. The company’s 50 day moving average is $68.67 and its two-hundred day moving average is $67.27. The company has a market capitalization of $1.14 billion, a P/E ratio of 24.29 and a beta of 1.05. The company has a quick ratio of 1.90, a current ratio of 2.94 and a debt-to-equity ratio of 0.04. CSW Industrials has a twelve month low of $45.99 and a twelve month high of $76.24.
CSW Industrials (NASDAQ:CSWI) last released its earnings results on Tuesday, November 5th. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.07. The firm had revenue of $101.32 million during the quarter, compared to analysts’ expectations of $95.30 million. CSW Industrials had a return on equity of 17.50% and a net margin of 11.47%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 EPS.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Wednesday, October 30th.
Several research analysts have issued reports on the company. BidaskClub raised CSW Industrials from a “hold” rating to a “buy” rating in a report on Wednesday. ValuEngine downgraded CSW Industrials from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd.
CSW Industrials Company Profile
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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