CSW Industrials (CSWI) to Release Earnings on Thursday

CSW Industrials (NASDAQ:CSWI) will likely be posting its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect CSW Industrials to post earnings of $1.37 per share and revenue of $190.65 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

CSW Industrials Stock Up 2.2 %

Shares of CSWI stock traded up $7.68 on Tuesday, hitting $359.19. The stock had a trading volume of 62,411 shares, compared to its average volume of 103,422. CSW Industrials has a one year low of $204.50 and a one year high of $436.50. The business has a 50 day moving average price of $385.62 and a 200 day moving average price of $357.53. The company has a market cap of $6.04 billion, a PE ratio of 48.80 and a beta of 0.85.

CSW Industrials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.24 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.27%. CSW Industrials’s dividend payout ratio is presently 13.04%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CSWI. Citigroup reduced their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. StockNews.com raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. The Goldman Sachs Group dropped their target price on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company decreased their price target on shares of CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $404.67.

Insiders Place Their Bets

In related news, SVP Luke Alverson sold 1,416 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $387.15, for a total value of $548,204.40. Following the completion of the transaction, the senior vice president now directly owns 17,156 shares of the company’s stock, valued at approximately $6,641,945.40. This represents a 7.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Don Sullivan sold 1,965 shares of CSW Industrials stock in a transaction on Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $760,749.75. Following the sale, the executive vice president now directly owns 30,804 shares in the company, valued at approximately $11,925,768.60. This trade represents a 6.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,903 shares of company stock worth $3,777,538. Company insiders own 1.40% 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.