CSW Industrials, Inc. (NASDAQ:CSWI) Announces Quarterly Dividend of $0.21

CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) declared a quarterly dividend on Friday, April 12th, Zacks reports. Stockholders of record on Friday, April 26th will be given a dividend of 0.21 per share by the basic materials company on Friday, May 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Thursday, April 25th. This is a boost from CSW Industrials's previous quarterly dividend of $0.19.

CSW Industrials has raised its dividend by an average of 11.1% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. CSW Industrials has a payout ratio of 8.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CSW Industrials to earn $8.13 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 9.3%.

CSW Industrials Trading Down 1.0 %

Shares of CSW Industrials stock traded down $2.30 during trading hours on Friday, reaching $236.03. The stock had a trading volume of 47,053 shares, compared to its average volume of 82,717. The firm has a 50 day simple moving average of $231.06 and a two-hundred day simple moving average of $203.97. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 37.89, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a current ratio of 2.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. CSW Industrials has a 1 year low of $132.06 and a 1 year high of $243.30.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.07 EPS for the quarter, missing analysts' consensus estimates of $1.17 by ($0.10). The firm had revenue of $174.97 million during the quarter, compared to analysts' expectations of $180.80 million. CSW Industrials had a return on equity of 18.47% and a net margin of 12.47%. As a group, equities research analysts anticipate that CSW Industrials will post 6.83 earnings per share for the current year.

Insider Activity at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $232.36, for a total transaction of $232,360.00. Following the completion of the sale, the chief executive officer now owns 50,997 shares in the company, valued at approximately $11,849,662.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $232.36, for a total transaction of $232,360.00. Following the completion of the sale, the chief executive officer now owns 50,997 shares in the company, valued at approximately $11,849,662.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Don Sullivan sold 7,826 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $230.90, for a total value of $1,807,023.40. Following the sale, the executive vice president now owns 28,956 shares of the company's stock, valued at approximately $6,685,940.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,826 shares of company stock worth $2,269,443. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CSWI. Point72 Hong Kong Ltd acquired a new position in shares of CSW Industrials in the 2nd quarter worth approximately $34,000. State of Wyoming grew its position in shares of CSW Industrials by 50.0% in the 2nd quarter. State of Wyoming now owns 324 shares of the basic materials company's stock worth $54,000 after acquiring an additional 108 shares in the last quarter. KBC Group NV acquired a new position in shares of CSW Industrials in the 4th quarter worth approximately $56,000. Tower Research Capital LLC TRC grew its position in shares of CSW Industrials by 23.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 323 shares of the basic materials company's stock worth $57,000 after acquiring an additional 62 shares in the last quarter. Finally, Ensign Peak Advisors Inc acquired a new position in shares of CSW Industrials in the 3rd quarter worth approximately $89,000. Institutional investors and hedge funds own 82.79% of the company's stock.

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.