CSW Industrials, Inc. (CSWI) To Go Ex-Dividend on January 31st

CSW Industrials, Inc. (NASDAQ:CSWI) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Stockholders 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 dividend yield of 0.27%. The ex-dividend date is Friday, January 31st.

CSW Industrials has increased its dividend payment by an average of 13.3% annually over the last three years. CSW Industrials has a payout ratio of 9.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Up 1.7 %

Shares of CSWI stock opened at $357.51 on Wednesday. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 48.57 and a beta of 0.85. The business’s 50-day moving average price is $383.27 and its 200-day moving average price is $358.60. CSW Industrials has a 12 month low of $204.50 and a 12 month high of $436.50.

Analysts Set New Price Targets

CSWI has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their price target 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. StockNews.com raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Citigroup cut their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Finally, Wells Fargo & Company decreased their target price on 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. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $404.67.

Insider Transactions at CSW Industrials

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