CSW Industrials (NASDAQ:CSWI) Shares Gap Up Following Dividend Announcement

CSW Industrials, Inc. (NASDAQ:CSWI) gapped up before the market opened on Friday after the company announced a dividend. The stock had previously closed at $374.39, but opened at $383.75. CSW Industrials shares last traded at $374.95, with a volume of 4,140 shares changing hands.

The newly announced dividend which will be paid on Friday, November 8th. Shareholders of record on Friday, October 25th will be given a dividend of $0.24 per share. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, October 25th. This represents a $0.96 dividend on an annualized basis and a yield of 0.25%. CSW Industrials’s payout ratio is currently 14.70%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. CL King started coverage on CSW Industrials in a research report on Friday, June 21st. They issued a “buy” rating on the stock.

CSW Industrials Trading Up 4.1 %

The company has a quick ratio of 1.44, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 59.67, a P/E/G ratio of 2.99 and a beta of 0.77. The business has a 50-day moving average of $334.97 and a two-hundred day moving average of $285.28.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.29. The company had revenue of $226.18 million for the quarter, compared to analyst estimates of $215.40 million. CSW Industrials had a return on equity of 19.19% and a net margin of 13.44%. During the same quarter last year, the firm earned $1.97 EPS. Research analysts predict that CSW Industrials, Inc. will post 8.42 EPS for the current fiscal year.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $341.37, for a total transaction of $341,370.00. Following the completion of the transaction, the chief executive officer now directly owns 51,579 shares of the company’s stock, valued at approximately $17,607,523.23. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cim LLC bought a new stake in shares of CSW Industrials in the 4th quarter valued at approximately $668,000. Virtu Financial LLC acquired a new position in CSW Industrials during the fourth quarter worth $220,000. Congress Asset Management Co. MA raised its stake in CSW Industrials by 119.9% during the fourth quarter. Congress Asset Management Co. MA now owns 8,041 shares of the basic materials company’s stock worth $1,668,000 after acquiring an additional 4,385 shares in the last quarter. SageView Advisory Group LLC lifted its holdings in shares of CSW Industrials by 123.1% during the fourth quarter. SageView Advisory Group LLC now owns 17,902 shares of the basic materials company’s stock valued at $3,899,000 after acquiring an additional 9,877 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of CSW Industrials by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 872,844 shares of the basic materials company’s stock valued at $181,037,000 after purchasing an additional 18,481 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Company Profile

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.