CSW Industrials, Inc. (NASDAQ:CSWI) declared a quarterly dividend on Tuesday, October 12th, Zacks reports. Investors of record on Friday, October 29th will be paid a dividend of 0.15 per share by the basic materials company on Friday, November 12th. This represents a $0.60 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Thursday, October 28th.
CSW Industrials has a dividend payout ratio of 16.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect CSW Industrials to earn $5.71 per share next year, which means the company should continue to be able to cover its $0.57 annual dividend with an expected future payout ratio of 10.0%.
Shares of NASDAQ CSWI opened at $132.43 on Thursday. The stock has a market cap of $2.08 billion, a P/E ratio of 42.18 and a beta of 0.81. The firm has a 50 day moving average price of $129.87 and a 200 day moving average price of $126.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.65. CSW Industrials has a 52-week low of $81.51 and a 52-week high of $143.78.
CSWI has been the subject of several research analyst reports. Zacks Investment Research cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Wednesday, October 6th. Barrington Research upped their price target on shares of CSW Industrials from $150.00 to $163.00 and gave the company an “outperform” rating in a report on Friday, August 6th.
A hedge fund recently raised its stake in CSW Industrials stock. Royal Bank of Canada increased its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 11.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,687 shares of the basic materials company’s stock after purchasing an additional 171 shares during the quarter. Royal Bank of Canada’s holdings in CSW Industrials were worth $200,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 72.38% of the company’s stock.
About CSW Industrials
CSW Industrials, Inc provides performance solutions to customers. It operates through the following segments: Industrial Products and Specialty Chemicals. The Industrial products segment manufactures specialty mechanical products; fire and smoke protection products; architecturally-specified building products; and storage, filtration and application equipment.
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