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

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

CSW Industrials has raised its dividend payment by an average of 0.1% annually 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. 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 Stock Down 1.0%

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

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

Insider Transactions at CSW Industrials

In other news, CEO Joseph Armes sold 1,500 shares of the firm’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $287.04, for a total transaction 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. This trade represents a 2.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of CSW Industrials stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $346.96, for a total transaction of $249,811.20. Following the completion of the sale, the executive vice president directly owned 6,409 shares in the company, valued at approximately $2,223,666.64. This represents a 10.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,720 shares of company stock worth $1,114,741 over the last three months. 1.20% of the stock is owned by insiders.

Hedge Funds Weigh In On CSW Industrials

Large investors have recently modified their holdings of the business. Valley Wealth Managers Inc. bought a new stake in CSW Industrials during the 1st quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of CSW Industrials during the second quarter worth $29,000. Public Employees Retirement System of Ohio purchased a new stake in shares of CSW Industrials during the second quarter worth $29,000. Global Retirement Partners LLC purchased a new stake in shares of CSW Industrials during the second quarter worth $31,000. Finally, Sound Income Strategies LLC boosted its holdings in shares of CSW Industrials by 628.6% in the first quarter. Sound Income Strategies LLC now owns 153 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 132 shares during the period. Hedge funds and other 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.