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

CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) announced a quarterly dividend on Thursday, January 16th,RTT News reports. Investors of record on Friday, January 31st will be given a dividend of 0.24 per share by the basic materials company on Friday, February 14th. This represents a $0.96 annualized dividend and a yield of 0.25%.

CSW Industrials has increased its dividend payment 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 Stock Up 1.3 %

NASDAQ CSWI traded up $4.93 on Thursday, hitting $385.34. The company's stock had a trading volume of 78,846 shares, compared to its average volume of 95,825. The firm has a market cap of $6.48 billion, a PE ratio of 52.36 and a beta of 0.85. The company's 50-day moving average is $389.08 and its 200 day moving average is $351.48. CSW Industrials has a 1-year low of $203.83 and a 1-year high of $436.50.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $389.78, for a total transaction of $389,780.00. Following the completion of the sale, the chief executive officer now owns 49,698 shares of the company's stock, valued at $19,371,286.44. This trade represents a 1.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert M. Swartz sold 200 shares of the business's 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 transaction, the director now owns 13,719 shares in the company, valued at $4,865,443.35. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,903 shares of company stock valued at $3,777,538 in the last ninety days. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CSWI. The Goldman Sachs Group lowered their target price on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a research report on Tuesday. Wells Fargo & Company lowered their price objective 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. StockNews.com upgraded CSW Industrials from a "hold" rating to a "buy" rating in a report on Friday, December 6th. Finally, Citigroup lowered their price target on shares of CSW Industrials from $466.00 to $404.00 and set a "neutral" rating for the company in a report on Monday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price 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.