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

CSW Industrials, Inc. (NASDAQ:CSWI) announced a quarterly dividend on Thursday, January 16th,RTT News reports. Shareholders 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 annualized dividend and a yield of 0.25%. The ex-dividend date is Friday, January 31st.

CSW Industrials has raised its dividend by an average of 13.3% per year over the last three years. CSW Industrials has a payout ratio of 9.2% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

NASDAQ CSWI opened at $390.21 on Friday. The company has a market capitalization of $6.56 billion, a P/E ratio of 53.02 and a beta of 0.85. CSW Industrials has a 12 month low of $203.83 and a 12 month high of $436.50. The company’s 50 day simple moving average is $388.48 and its 200 day simple moving average is $352.36.

Wall Street Analysts Forecast Growth

CSWI has been the topic of a number of recent research reports. The Goldman Sachs Group decreased their target price on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday. 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 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. Finally, Citigroup decreased 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, January 13th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $404.67.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $404.79, for a total transaction of $404,790.00. Following the completion of the sale, the chief executive officer now owns 50,698 shares in the company, valued at approximately $20,522,043.42. This represents a 1.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the 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 transaction, the director now directly owns 13,719 shares in the company, valued at approximately $4,865,443.35. This represents 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 worth $3,777,538 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

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.