CSW Industrials, Inc. (CSW) To Go Ex-Dividend on July 31st

CSW Industrials, Inc. (NYSE:CSW) declared a quarterly dividend on Friday, July 17th. Shareholders of record on Friday, July 31st will be given a dividend of 0.30 per share by the basic materials company on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, July 31st.

CSW Industrials has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 6 consecutive years. CSW Industrials has a payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CSW Industrials to earn $13.00 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 9.2%.

CSW Industrials Stock Down 7.2%

Shares of CSW Industrials stock opened at $279.11 on Friday. CSW Industrials has a 1 year low of $230.45 and a 1 year high of $337.02. The business has a 50-day moving average of $274.66 and a two-hundred day moving average of $284.53. The company has a market capitalization of $4.55 billion, a P/E ratio of 41.78 and a beta of 0.84. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.60 and a quick ratio of 1.23.

CSW Industrials (NYSE:CSW) last released its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.80. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The business had revenue of $308.96 million for the quarter. The company’s revenue was up 34.0% on a year-over-year basis. As a group, equities analysts predict that CSW Industrials will post 12.52 EPS for the current year.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,500 shares of CSW Industrials stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $279.52, for a total value of $419,280.00. Following the sale, the chief executive officer owned 69,100 shares of the company’s stock, valued at approximately $19,314,832. This trade represents a 2.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Luke Alverson sold 1,007 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $289.57, for a total value of $291,596.99. Following the completion of the sale, the senior vice president owned 12,450 shares in the company, valued at $3,605,146.50. The trade was a 7.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,007 shares of company stock valued at $1,136,787 over the last ninety days. 1.30% of the stock is owned by insiders.

Institutional Trading of CSW Industrials

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. acquired a new position in CSW Industrials during the fourth quarter worth $515,553,000. Capital World Investors bought a new position in CSW Industrials in the fourth quarter valued at $308,934,000. Northwestern Mutual Wealth Management Co. acquired a new stake in CSW Industrials in the 4th quarter valued at $237,891,000. Morgan Stanley acquired a new stake in CSW Industrials in the 4th quarter valued at $196,549,000. Finally, Wasatch Advisors LP bought a new stake in CSW Industrials during the 4th quarter worth about $195,630,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

CSW Industrials Company Profile

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company’s offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.