CSW Industrials, Inc. (NYSE:CSW) Shareholders to Get $0.30 Quarterly Dividend

Key Points

• CSW Industrials declared a quarterly dividend of $0.30 per share, payable November 13 to shareholders of record October 30. The annualized dividend is $1.20, yielding approximately 0.4%, and marks the company’s sixth consecutive year of dividend increases.
• The dividend appears well covered, with a current payout ratio of 11.1%; analysts expect next year’s earnings to support a projected payout ratio of just 8.8%.
• CSW Industrials shares fell 1.0% to $288.16, while the company reported quarterly EPS of $3.84, beating estimates of $3.66, and revenue growth of 33% year over year. Insiders have sold 3,720 shares worth about $1.1 million over the past three months.

CSW Industrials, Inc. (NYSE:CSW - Get Free Report) announced a quarterly dividend on Friday, October 16th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.30 per share by the basic materials company on Friday, November 13th. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, October 30th.

CSW Industrials has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 6 consecutive years. CSW Industrials has a dividend payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CSW Industrials to earn $13.69 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 8.8%.

CSW Industrials Trading Down 1.0%

CSW Industrials stock traded down $2.98 during trading hours on Friday, reaching $288.16. 132,280 shares of the company's stock were exchanged, compared to its average volume of 144,620. The firm's 50 day simple moving average is $308.08 and its 200 day simple moving average is $291.13. CSW Industrials has a twelve month low of $236.66 and a twelve month high of $355.48. The company has a quick ratio of 1.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $4.69 billion, a PE ratio of 39.53 and a beta of 0.81.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.66 by $0.18. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%. The company had revenue of $350.65 million for the quarter. CSW Industrials's revenue for the quarter was up 33.0% on a year-over-year basis. Research analysts predict that CSW Industrials will post 12.53 earnings per share for the current year.

Insider Transactions at CSW Industrials

In related news, CEO Joseph Armes sold 1,500 shares of the business's stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $287.04, for a total value of $430,560.00. Following the completion of the sale, the chief executive officer directly owned 64,083 shares of the company's stock, valued at $18,394,384.32. The trade was a 2.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of the company's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $346.96, for a total value of $249,811.20. Following the transaction, the executive vice president directly owned 6,409 shares in the company, valued at approximately $2,223,666.64. This trade represents a 10.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,720 shares of company stock worth $1,114,741 in the last three months. Insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSW. Valley Wealth Managers Inc. bought a new stake in shares of CSW Industrials during the first quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of CSW Industrials in the 2nd quarter worth $29,000. Public Employees Retirement System of Ohio bought a new position in shares of CSW Industrials in the 2nd quarter worth $29,000. Global Retirement Partners LLC bought a new position in shares of CSW Industrials in the 2nd quarter worth $31,000. Finally, Sound Income Strategies LLC grew its position in CSW Industrials by 628.6% in the 1st quarter. Sound Income Strategies LLC now owns 153 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 132 shares during the period. Institutional investors own 82.79% of the company's stock.

About CSW Industrials

CSW Industrials, Inc is a diversified industrial products company headquartered in Dallas, Texas. The company develops, manufactures and sells products used in the maintenance, repair, construction and improvement of residential, commercial and industrial infrastructure.

CSW Industrials operates through three primary business segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. Its product portfolio includes HVAC and refrigeration products, plumbing and electrical solutions, adhesives, sealants, coatings, fire- and smoke-protection products, roofing materials, building components and specialty products designed to support the reliability and performance of industrial equipment and infrastructure.

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