CSW Industrials Inc (NASDAQ:CSWI) was the target of a significant decrease in short interest in the month of 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. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 71,100 shares, the days-to-cover ratio is currently 0.9 days.
Several analysts have recently weighed in on CSWI shares. BidaskClub upgraded CSW Industrials from a “hold” rating to a “buy” rating in a report on Wednesday. ValuEngine lowered CSW Industrials from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in shares of 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 acquiring an additional 1,224 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of CSW Industrials during the 2nd quarter worth about $102,000. Mechanics Bank Trust Department bought a new stake in shares of CSW Industrials during the 3rd quarter worth about $133,000. SG Americas Securities LLC boosted its stake in shares of 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 acquiring an additional 301 shares in the last quarter. Finally, Virginia Retirement Systems ET AL bought a new stake in shares of CSW Industrials during the 2nd quarter worth about $204,000. Institutional investors own 75.09% of the company’s stock.
Shares of CSW Industrials stock traded down $0.36 on Friday, reaching $75.18. 62,200 shares of the company were exchanged, compared to its average volume of 63,215. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 24.29 and a beta of 1.05. The stock has a fifty day moving average price of $68.67 and a 200-day moving average price of $67.27. CSW Industrials has a fifty-two week low of $45.99 and a fifty-two week high of $76.24. The company has a current ratio of 2.94, a quick ratio of 1.90 and a debt-to-equity ratio of 0.04.
CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. The company had revenue of $101.32 million during the quarter, compared to the consensus estimate of $95.30 million. CSW Industrials had a return on equity of 17.50% and a net margin of 11.47%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 EPS.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.135 per share. The ex-dividend date was Wednesday, October 30th. This represents a $0.54 annualized dividend and a dividend yield of 0.72%.
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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