CSW Industrials, Inc. (NASDAQ:CSWI) Declares Quarterly Dividend of $0.27

CSW Industrials, Inc. (NASDAQ:CSWI) declared a quarterly dividend on Friday, April 11th, RTT News reports. Investors of record on Friday, April 25th will be given a dividend of 0.27 per share by the basic materials company on Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 0.36%. This is a 12.5% increase from CSW Industrials’s previous quarterly dividend of $0.24.

CSW Industrials has increased its dividend payment by an average of 14.5% per year over the last three years. CSW Industrials has a dividend payout ratio of 9.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect CSW Industrials to earn $9.53 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 10.1%.

CSW Industrials Stock Performance

Shares of CSWI opened at $300.61 on Friday. The stock has a 50-day moving average of $298.55 and a two-hundred day moving average of $352.31. The stock has a market cap of $5.05 billion, a P/E ratio of 35.92 and a beta of 0.88. CSW Industrials has a one year low of $229.49 and a one year high of $436.50.

CSW Industrials (NASDAQ:CSWI) last released its earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. Analysts predict that CSW Industrials will post 8.49 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CSWI shares. Wells Fargo & Company cut their price objective on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Citigroup cut their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Truist Financial assumed coverage on CSW Industrials in a report on Friday, February 14th. They issued a “hold” rating and a $362.00 price objective for the company. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group decreased their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, CSW Industrials currently has a consensus rating of “Hold” and an average target price of $379.00.

Insider Transactions at CSW Industrials

In other news, EVP Don Sullivan sold 1,800 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $377.58, for a total value of $679,644.00. Following the completion of the sale, the executive vice president now directly owns 29,004 shares in the company, valued at $10,951,330.32. The trade was a 5.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP James E. Perry sold 145 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $289.10, for a total value of $41,919.50. Following the transaction, the executive vice president now owns 23,137 shares in the company, valued at $6,688,906.70. This trade represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,534 shares of company stock valued at $3,133,640 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

About CSW Industrials

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.