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

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

CSW Industrials Stock Performance

Shares of NASDAQ:CSWI traded down $16.47 during midday trading on Thursday, reaching $328.90. 54,483 shares of the company’s stock traded hands, compared to its average volume of 107,298. The stock has a 50 day moving average of $381.94 and a 200 day moving average of $358.51. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 44.31 and a beta of 0.85. CSW Industrials has a one year low of $209.48 and a one year high of $436.50.

CSW Industrials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Friday, January 31st. CSW Industrials’s payout ratio is 13.04%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Citigroup cut their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. The Goldman Sachs Group cut their target price on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company dropped their price target on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $404.67.

Insiders Place Their Bets

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