CSW Industrials, Inc. (NASDAQ:CSWI) Announces Dividend Increase - $0.27 Per Share

CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) announced a quarterly dividend on Friday, April 11th, RTT News reports. Investors of record on Friday, April 25th will be paid 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 yield of 0.36%. The ex-dividend date is Friday, April 25th. This is a 12.5% increase from CSW Industrials's previous quarterly dividend of $0.24.

CSW Industrials has raised its dividend by an average of 14.5% annually over the last three years. CSW Industrials has a dividend payout ratio of 9.0% meaning 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 Trading Down 0.5 %

CSWI stock traded down $1.40 during trading on Tuesday, hitting $297.68. 106,180 shares of the company's stock were exchanged, compared to its average volume of 134,097. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 35.57 and a beta of 0.88. CSW Industrials has a 52-week low of $229.49 and a 52-week high of $436.50. The business has a 50-day moving average price of $298.03 and a two-hundred day moving average price of $351.69.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. On average, equities research analysts anticipate that CSW Industrials will post 8.49 earnings per share for the current fiscal year.

Remove Ads

Insider Buying and Selling at CSW Industrials

In related news, SVP Luke Alverson sold 1,100 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $292.12, for a total transaction of $321,332.00. Following the completion of the sale, the senior vice president now directly owns 13,434 shares of the company's stock, valued at approximately $3,924,340.08. This trade represents a 7.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert M. Swartz sold 200 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total transaction of $57,820.00. Following the completion of the transaction, the director now owns 13,119 shares in the company, valued at $3,792,702.90. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,012 shares of company stock valued at $2,588,521 over the last three months. 1.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of CSW Industrials from $364.00 to $313.00 and set a "neutral" rating on the stock in a research report on Monday. The Goldman Sachs Group reduced their target price on shares of CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Truist Financial began coverage on CSW Industrials in a research report on Friday, February 14th. They issued a "hold" rating and a $362.00 price target on the stock. StockNews.com cut CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company dropped their price target on shares of CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating on the stock in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $342.50.

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.