CSW Industrials (CSWI) to Release Quarterly Earnings on Thursday

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

CSW Industrials Price Performance

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. The company’s 50 day moving average price is $385.62 and its 200-day moving average price is $357.53. CSW Industrials has a 1 year low of $204.50 and a 1 year high of $436.50. The firm has a market capitalization of $6.04 billion, a P/E ratio of 48.80 and a beta of 0.85.

CSW Industrials Announces Dividend

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 paid a dividend of $0.24 per share. The ex-dividend date is Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a yield of 0.27%. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CSWI shares. Wells Fargo & Company dropped their price objective 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. The Goldman Sachs Group dropped their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Citigroup reduced their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Finally, StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, CSW Industrials presently has a consensus rating of “Hold” and an average target price of $404.67.

Insiders Place Their Bets

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total transaction of $70,930.00. Following the sale, the director now owns 13,719 shares of the company’s stock, valued at approximately $4,865,443.35. This trade represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $378.32, for a total transaction of $378,320.00. Following the completion of the transaction, the chief executive officer now owns 48,848 shares of the company’s stock, valued at approximately $18,480,175.36. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,903 shares of company stock worth $3,777,538 in the last 90 days. Corporate insiders own 1.40% 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.