CSW Industrials, Inc. (NASDAQ:CSWI) Short Interest Down 11.0% in November

CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 356,800 shares, a decline of 11.0% from the November 15th total of 401,000 shares. Based on an average daily volume of 182,900 shares, the days-to-cover ratio is currently 2.0 days.

Insider Buying and Selling at CSW Industrials

In related news, EVP Don Sullivan sold 1,965 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $760,749.75. Following the completion of the sale, the executive vice president now owns 30,804 shares of the company's stock, valued at $11,925,768.60. This trade represents a 6.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Luke Alverson sold 1,416 shares of CSW Industrials stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $548,204.40. Following the sale, the senior vice president now owns 17,156 shares of the company's stock, valued at approximately $6,641,945.40. This represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,381 shares of company stock valued at $2,496,864. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CSW Industrials

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. increased its position in CSW Industrials by 2,006.7% during the third quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company's stock worth $22,702,000 after buying an additional 54,882 shares during the last quarter. Tidal Investments LLC raised its stake in CSW Industrials by 142.7% in the 3rd quarter. Tidal Investments LLC now owns 3,526 shares of the basic materials company's stock valued at $1,292,000 after acquiring an additional 2,073 shares during the period. Sanctuary Advisors LLC lifted its holdings in CSW Industrials by 58.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 3,768 shares of the basic materials company's stock valued at $1,381,000 after purchasing an additional 1,390 shares during the last quarter. Anchor Investment Management LLC lifted its holdings in CSW Industrials by 2.5% during the 3rd quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company's stock valued at $472,000 after purchasing an additional 32 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of CSW Industrials by 7.4% in the third quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company's stock valued at $142,536,000 after purchasing an additional 26,728 shares during the last quarter. Institutional investors own 82.79% of the company's stock.

CSW Industrials Trading Down 2.4 %

Shares of NASDAQ CSWI traded down $9.43 during midday trading on Tuesday, reaching $379.74. The company's stock had a trading volume of 136,762 shares, compared to its average volume of 125,334. CSW Industrials has a fifty-two week low of $199.20 and a fifty-two week high of $436.50. The stock has a 50 day simple moving average of $397.24 and a 200-day simple moving average of $336.52. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 51.63 and a beta of 0.81.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were given a $0.24 dividend. The ex-dividend date was Friday, October 25th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.25%. This is an increase from CSW Industrials's previous quarterly dividend of $0.21. CSW Industrials's payout ratio is currently 13.04%.

Wall Street Analyst Weigh In

CSWI has been the topic of a number of research analyst reports. StockNews.com raised CSW Industrials from a "hold" rating to a "buy" rating in a research report on Friday, December 6th. Wells Fargo & Company cut their price target on shares of CSW Industrials from $425.00 to $410.00 and set an "equal weight" rating on the stock in a research note on Tuesday. The Goldman Sachs Group started coverage on shares of CSW Industrials in a research report on Friday, December 6th. They set a "neutral" rating and a $450.00 price objective for the company. Finally, Citigroup raised shares of CSW Industrials to a "hold" rating in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, CSW Industrials presently has an average rating of "Hold" and an average target price of $430.00.

CSW Industrials Company Profile

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.