CSW Industrials (NASDAQ:CSWI) Releases Earnings Results, Beats Expectations By $0.11 EPS

CSW Industrials (NASDAQ:CSWI) announced its earnings results on Thursday. The basic materials company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11, Zacks reports. CSW Industrials had a net margin of 13.77% and a return on equity of 17.07%.

CSW Industrials Stock Down 5.4 %

Shares of NASDAQ:CSWI traded down $18.80 during trading on Thursday, reaching $326.57. 59,175 shares of the company traded hands, compared to its average volume of 107,558. The firm has a market capitalization of $5.49 billion, a PE ratio of 44.45 and a beta of 0.85. CSW Industrials has a 52 week low of $209.48 and a 52 week high of $436.50. The company’s 50 day moving average is $381.94 and its two-hundred day moving average is $358.51.

CSW Industrials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a yield of 0.29%. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

Insider Buying and Selling

In other CSW Industrials news, SVP Luke Alverson sold 1,522 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $358.16, for a total transaction of $545,119.52. Following the completion of the sale, the senior vice president now directly owns 15,634 shares in the company, valued at $5,599,473.44. This represents a 8.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Friday, November 15th. The shares were sold at an average price of $404.79, for a total value of $404,790.00. Following the completion of the transaction, the chief executive officer now owns 50,698 shares in the company, valued at approximately $20,522,043.42. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,903 shares of company stock worth $3,777,538. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

CSWI has been the subject of several research reports. Wells Fargo & Company cut their price objective on shares of CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. The Goldman Sachs Group reduced their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Finally, Citigroup reduced their target price 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, January 13th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $404.67.

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.