CSW Industrials (CSWI) Expected to Announce Earnings on Thursday

CSW Industrials (NASDAQ:CSWI) is expected to be issuing its quarterly 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. Parties interested in listening to the company’s conference call can do so using this link.

CSW Industrials Price Performance

Shares of NASDAQ CSWI traded up $7.41 during trading on Tuesday, hitting $358.92. The stock had a trading volume of 58,272 shares, compared to its average volume of 103,163. CSW Industrials has a 12 month low of $204.50 and a 12 month high of $436.50. The company has a market capitalization of $6.04 billion, a PE ratio of 48.78 and a beta of 0.85. The firm has a fifty day moving average of $385.62 and a two-hundred day moving average of $357.53.

CSW Industrials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is currently 13.04%.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, EVP Don Sullivan sold 1,965 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $760,749.75. Following the completion of the transaction, the executive vice president now owns 30,804 shares of the company’s stock, valued at approximately $11,925,768.60. This trade represents a 6.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $404.79, for a total value of $404,790.00. Following the transaction, the chief executive officer now directly owns 50,698 shares of the company’s stock, valued at $20,522,043.42. This represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,903 shares of company stock worth $3,777,538 over the last ninety days. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CSWI. StockNews.com raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company dropped their price objective on shares of CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. The Goldman Sachs Group dropped their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, Citigroup dropped their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $404.67.

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.