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

CSW Industrials (NASDAQ:CSWI) announced its quarterly earnings results on Thursday. The basic materials company reported $1.48 EPS for the quarter, beating 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 Stock Performance

NASDAQ CSWI opened at $328.10 on Friday. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 44.58 and a beta of 0.85. The company’s 50-day simple moving average is $381.94 and its two-hundred day simple moving average is $358.51. CSW Industrials has a one year low of $209.48 and a one year high of $436.50.

CSW Industrials Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $378.32, for a total transaction of $378,320.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Luke Alverson sold 1,416 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $548,204.40. Following the completion of the transaction, the senior vice president now owns 17,156 shares in the company, valued at approximately $6,641,945.40. This trade represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 9,903 shares of company stock valued at $3,777,538. 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.