CSW Industrials (CSWI) Projected to Post Earnings on Thursday

CSW Industrials (NASDAQ:CSWI) is expected to be posting its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect CSW Industrials to post earnings of $1.37 per share and revenue of $190.65 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

CSW Industrials Trading Up 1.7 %

Shares of CSWI stock opened at $357.51 on Wednesday. CSW Industrials has a twelve month low of $204.50 and a twelve month high of $436.50. The company’s 50-day moving average price is $383.27 and its 200-day moving average price is $358.60. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 48.57 and a beta of 0.85.

CSW Industrials Announces Dividend

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 issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.96 annualized dividend and a yield of 0.27%. CSW Industrials’s payout ratio is 13.04%.

Insiders Place Their Bets

In related news, EVP Don Sullivan sold 1,965 shares of CSW Industrials stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $760,749.75. Following the completion of the transaction, the executive vice president now owns 30,804 shares in the company, valued at approximately $11,925,768.60. The trade was a 6.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $378.32, for a total transaction of $378,320.00. Following the sale, the chief executive officer now owns 48,848 shares in the company, valued at approximately $18,480,175.36. This trade represents a 2.01 % decrease in their ownership of the stock. 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. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

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