CSW Industrials, Inc. (NASDAQ:CSWI) Declares Quarterly Dividend of $0.24

CSW Industrials, Inc. (NASDAQ:CSWI) announced a quarterly dividend on Thursday, January 16th,RTT News reports. Investors of record on Friday, January 31st will be given a dividend of 0.24 per share by the basic materials company on Friday, February 14th. This represents a $0.96 dividend on an annualized basis and a yield of 0.25%.

CSW Industrials has increased its dividend payment by an average of 13.3% per year over the last three years. CSW Industrials has a payout ratio of 9.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CSW Industrials to earn $9.59 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 10.0%.

CSW Industrials Stock Performance

Shares of CSWI traded down $0.66 during trading hours on Thursday, hitting $379.75. The stock had a trading volume of 2,926 shares, compared to its average volume of 88,139. CSW Industrials has a 12-month low of $203.83 and a 12-month high of $436.50. The firm has a market cap of $6.39 billion, a P/E ratio of 51.60 and a beta of 0.85. The company’s fifty day simple moving average is $389.68 and its 200 day simple moving average is $351.24.

Analysts Set New Price Targets

A number of research firms have recently commented on CSWI. StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. The Goldman Sachs Group dropped their target price on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research report on Tuesday. Citigroup dropped their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Wells Fargo & Company lowered their price target on shares of CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, CSW Industrials currently has a consensus rating of “Hold” and a consensus target price of $404.67.

Insider Transactions at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $378.32, for a total value of $378,320.00. Following the completion of the transaction, the chief executive officer now owns 48,848 shares in the company, valued at approximately $18,480,175.36. This represents a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert M. Swartz sold 200 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total value of $70,930.00. Following the transaction, the director now owns 13,719 shares of the company’s stock, valued at approximately $4,865,443.35. This represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,903 shares of company stock worth $3,777,538. 1.40% of the stock is currently owned by insiders.

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.