CSW Industrials, Inc. (NASDAQ:CSWI) to Issue Quarterly Dividend of $0.24

CSW Industrials, Inc. (NASDAQ:CSWI) declared 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 dividend on an annualized basis and a dividend 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 dividend payout ratio of 9.2% indicating that its dividend is sufficiently covered by earnings. 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 Performance

NASDAQ CSWI opened at $385.34 on Friday. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 52.36 and a beta of 0.85. CSW Industrials has a 52 week low of $203.83 and a 52 week high of $436.50. The stock’s 50 day moving average price is $389.08 and its two-hundred day moving average price is $351.48.

Analyst Ratings Changes

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

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total value of $70,930.00. Following the completion of the sale, the director now owns 13,719 shares of the company’s stock, valued at $4,865,443.35. The trade was a 1.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $378.32, for a total transaction of $378,320.00. Following the transaction, the chief executive officer now directly owns 48,848 shares in the company, valued at $18,480,175.36. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,903 shares of company stock valued at $3,777,538 in the last three months. 1.40% of the stock is currently owned by company 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.