CSW Industrials, Inc. (NASDAQ:CSWI) Raises Dividend to $0.27 Per Share

CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) announced a quarterly dividend on Friday, April 11th, RTT News reports. Shareholders 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 0.37%. 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 payment by an average of 14.5% per year over the last three years. CSW Industrials has a payout ratio of 9.0% indicating that 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 Stock Performance

NASDAQ CSWI traded down $6.11 on Wednesday, hitting $291.57. 63,400 shares of the stock were exchanged, compared to its average volume of 134,173. The firm has a market capitalization of $4.89 billion, a P/E ratio of 34.84 and a beta of 0.88. The stock has a fifty day moving average price of $297.43 and a two-hundred day moving average price of $351.32. CSW Industrials has a 52-week low of $229.49 and a 52-week high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. Sell-side analysts expect that CSW Industrials will post 8.49 earnings per share for the current fiscal year.

Insider Transactions at CSW Industrials

In related news, SVP Luke Alverson sold 1,100 shares of CSW Industrials stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $292.12, for a total value of $321,332.00. Following the completion of the sale, the senior vice president now directly owns 13,434 shares in the company, valued at $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 available at this link. Also, EVP Don Sullivan sold 2,222 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $292.12, for a total transaction of $649,090.64. Following the sale, the executive vice president now directly owns 24,853 shares in the company, valued at approximately $7,260,058.36. This represents a 8.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,212 shares of company stock valued at $1,530,557 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.