CSW Industrials (NASDAQ:CSWI) Announces Earnings Results, Beats Expectations By $0.11 EPS

CSW Industrials (NASDAQ:CSWI) posted its quarterly earnings results on Thursday. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11, Zacks reports. CSW Industrials had a net margin of 13.77% and a return on equity of 17.07%.

CSW Industrials Trading Down 5.4 %

Shares of CSWI stock traded down $18.80 during trading hours on Thursday, hitting $326.57. The company’s stock had a trading volume of 59,175 shares, compared to its average volume of 107,558. CSW Industrials has a twelve month low of $209.48 and a twelve month high of $436.50. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 44.45 and a beta of 0.85. The business has a fifty day moving average of $381.94 and a 200-day moving average of $358.51.

CSW Industrials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $378.32, for a total value of $378,320.00. Following the transaction, the chief executive officer now directly owns 48,848 shares of the company’s stock, valued at approximately $18,480,175.36. This trade represents a 2.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Luke Alverson sold 1,522 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $358.16, for a total transaction of $545,119.52. Following the completion of the sale, the senior vice president now directly owns 15,634 shares of the company’s stock, valued at $5,599,473.44. The trade was a 8.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,903 shares of company stock valued at $3,777,538. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Citigroup decreased their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group dropped their target price on 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 lowered their price target on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $404.67.

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.