CSW Industrials, Inc. (NASDAQ:CSWI) announced a quarterly dividend on Tuesday, October 12th, Zacks reports. Investors of record on Friday, October 29th will be given a dividend of 0.15 per share by the basic materials company on Friday, November 12th. This represents a $0.60 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Thursday, October 28th.
CSW Industrials has a dividend payout ratio of 16.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CSW Industrials to earn $5.71 per share next year, which means the company should continue to be able to cover its $0.57 annual dividend with an expected future payout ratio of 10.0%.
Shares of CSWI stock traded up $0.90 during trading hours on Wednesday, reaching $133.70. 2 shares of the company traded hands, compared to its average volume of 51,069. The firm has a 50-day moving average price of $129.62 and a 200 day moving average price of $126.68. The company has a market cap of $2.10 billion, a P/E ratio of 42.29 and a beta of 0.81. CSW Industrials has a 12-month low of $81.51 and a 12-month high of $143.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.65 and a quick ratio of 1.50.
In related news, CEO Joseph B. Armes sold 2,000 shares of the company’s stock in a transaction on Thursday, July 15th. The stock was sold at an average price of $113.87, for a total transaction of $227,740.00. Following the completion of the sale, the chief executive officer now directly owns 80,781 shares in the company, valued at approximately $9,198,532.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by corporate insiders.
An institutional investor recently raised its position in CSW Industrials stock. Morgan Stanley grew its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 54.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,113 shares of the basic materials company’s stock after purchasing an additional 31,132 shares during the period. Morgan Stanley owned approximately 0.56% of CSW Industrials worth $10,438,000 at the end of the most recent quarter. 72.38% of the stock is currently owned by institutional investors.
CSWI has been the subject of a number of recent analyst reports. Zacks Investment Research cut CSW Industrials from a “buy” rating to a “hold” rating in a report on Wednesday, October 6th. Barrington Research upped their target price on CSW Industrials from $150.00 to $163.00 and gave the stock an “outperform” rating in a report on Friday, August 6th.
CSW Industrials Company Profile
CSW Industrials, Inc provides performance solutions to customers. It operates through the following segments: Industrial Products and Specialty Chemicals. The Industrial products segment manufactures specialty mechanical products; fire and smoke protection products; architecturally-specified building products; and storage, filtration and application equipment.
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