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

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 paid 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 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 Trading Down 0.2 %

Shares of CSW Industrials stock traded down $0.66 on Thursday, reaching $379.75. 2,926 shares of the company were exchanged, compared to its average volume of 88,139. CSW Industrials has a fifty-two week low of $203.83 and a fifty-two week high of $436.50. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 51.60 and a beta of 0.85. The stock has a fifty day moving average price of $389.68 and a 200-day moving average price of $351.24.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CSWI shares. Wells Fargo & Company reduced 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 research report on Tuesday, December 17th. Citigroup dropped their price target on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday. StockNews.com raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Finally, 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 report on Tuesday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $404.67.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, EVP Don Sullivan sold 1,965 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 30,804 shares of the company’s stock, valued at $11,925,768.60. The trade was a 6.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Luke Alverson sold 1,416 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $548,204.40. Following the completion of the transaction, the senior vice president now directly owns 17,156 shares of the company’s stock, valued at $6,641,945.40. This trade represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,903 shares of company stock valued at $3,777,538 in the last ninety days. Company insiders own 1.40% of the company’s stock.

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.