CSW Industrials, Inc. (NYSE:CSW) Announces Quarterly Dividend of $0.27

Key Points

• CSW Industrials, Inc. has announced a quarterly dividend of $0.27 per share, payable on November 14th to investors of record on October 31st, representing an annualized dividend yield of 0.5%.
• The company's payout ratio is currently 10.0%, with analysts expecting earnings of $9.53 per share next year, suggesting that the dividend is well covered by earnings.
• CSW Industrials' stock has experienced a decline, trading down 1.0% to $238.94, with several analysts downgrading ratings and adjusting target prices below the current market value.

CSW Industrials, Inc. (NYSE:CSW - Get Free Report) announced a quarterly dividend on Friday, October 17th. Investors of record on Friday, October 31st will be given a dividend of 0.27 per share by the basic materials company on Friday, November 14th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, October 31st.

CSW Industrials has a payout ratio of 10.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CSW Industrials to earn $9.53 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 11.3%.

CSW Industrials Stock Down 1.0%

Shares of CSW traded down $2.38 during trading hours on Friday, hitting $238.94. The company had a trading volume of 236,423 shares, compared to its average volume of 132,348. The firm has a fifty day moving average price of $256.17 and a 200-day moving average price of $283.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.86. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 28.55 and a beta of 0.92. CSW Industrials has a 52-week low of $230.45 and a 52-week high of $436.50.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 earnings per share for the quarter, topping analysts' consensus estimates of $2.62 by $0.23. CSW Industrials had a net margin of 15.18% and a return on equity of 13.78%. The company had revenue of $263.65 million during the quarter, compared to analyst estimates of $278.27 million. On average, equities research analysts forecast that CSW Industrials will post 8.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Zacks Research lowered shares of CSW Industrials from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 8th. Weiss Ratings restated a "hold (c+)" rating on shares of CSW Industrials in a report on Tuesday. Wells Fargo & Company decreased their price objective on shares of CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. JPMorgan Chase & Co. decreased their target price on shares of CSW Industrials from $320.00 to $290.00 and set a "neutral" rating for the company in a research note on Friday, October 3rd. Finally, Citigroup decreased their target price on shares of CSW Industrials from $269.00 to $261.00 and set a "neutral" rating for the company in a research note on Thursday, October 9th. Seven equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $302.40.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.