CSW Industrials, Inc. (CSW) to Distribute Quarterly Dividend of $0.30 on August 14th

CSW Industrials, Inc. (NYSE:CSW) declared a quarterly dividend on Friday, July 17th. Shareholders of record on Friday, July 31st will be paid 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 of this dividend is Friday, July 31st.

CSW Industrials has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. CSW Industrials has a dividend payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. 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 Performance

Shares of NYSE:CSW opened at $298.87 on Wednesday. The firm’s 50 day simple moving average is $278.13 and its 200-day simple moving average is $283.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 2.60. CSW Industrials has a one year low of $230.45 and a one year high of $337.02. The firm has a market cap of $4.87 billion, a PE ratio of 44.74 and a beta of 0.84.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Truist Financial lifted their target price on CSW Industrials from $300.00 to $313.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Zacks Research downgraded CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday. Wells Fargo & Company raised their price target on CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 27th. Weiss Ratings downgraded CSW Industrials from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. Finally, Citigroup lowered their price objective on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a research note on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $330.43.

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.