Principal Financial Group Inc. Has $31.42 Million Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Principal Financial Group Inc. increased its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,061 shares of the basic materials company’s stock after buying an additional 4,070 shares during the quarter. Principal Financial Group Inc. owned 0.53% of CSW Industrials worth $31,421,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Anchor Investment Management LLC lifted its stake in CSW Industrials by 2.5% during the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock worth $472,000 after purchasing an additional 32 shares during the period. Morse Asset Management Inc lifted its stake in CSW Industrials by 2.3% during the third quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock worth $594,000 after purchasing an additional 36 shares during the period. OLD National Bancorp IN lifted its stake in CSW Industrials by 3.9% during the fourth quarter. OLD National Bancorp IN now owns 982 shares of the basic materials company’s stock worth $346,000 after purchasing an additional 37 shares during the period. Covestor Ltd raised its stake in shares of CSW Industrials by 17.4% in the third quarter. Covestor Ltd now owns 263 shares of the basic materials company’s stock valued at $96,000 after acquiring an additional 39 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of CSW Industrials by 16.3% in the third quarter. Farther Finance Advisors LLC now owns 328 shares of the basic materials company’s stock valued at $120,000 after acquiring an additional 46 shares during the last quarter. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Price Performance

CSWI stock opened at $302.06 on Friday. The company has a 50 day moving average price of $350.57 and a 200 day moving average price of $361.08. CSW Industrials, Inc. has a fifty-two week low of $221.10 and a fifty-two week high of $436.50. The stock has a market capitalization of $5.07 billion, a PE ratio of 36.09 and a beta of 0.84.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. As a group, equities analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Friday, January 31st. CSW Industrials’s dividend payout ratio is presently 11.47%.

Insiders Place Their Bets

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $321.78, for a total transaction of $64,356.00. Following the completion of the sale, the director now owns 13,519 shares of the company’s stock, valued at approximately $4,350,143.82. The trade was a 1.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Monday, December 16th. The stock was sold at an average price of $389.78, for a total transaction of $389,780.00. Following the sale, the chief executive officer now directly owns 49,698 shares of the company’s stock, valued at $19,371,286.44. This represents a 1.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,103 shares of company stock valued at $3,437,104. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CSWI shares. Wells Fargo & Company cut their target price on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Truist Financial started coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 target price for the company. Citigroup cut their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group cut their target price on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $379.00.

CSW Industrials 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.