CSW Industrials, Inc. (NASDAQ:CSWI) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 1,046.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 84,991 shares of the basic materials company's stock after acquiring an additional 77,576 shares during the period. Principal Financial Group Inc. owned about 0.51% of CSW Industrials worth $31,140,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CSWI. Raymond James & Associates increased its position in shares of CSW Industrials by 15.3% during the second quarter. Raymond James & Associates now owns 24,904 shares of the basic materials company's stock worth $6,607,000 after acquiring an additional 3,307 shares during the period. Bank of New York Mellon Corp raised its position in CSW Industrials by 8.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 77,995 shares of the basic materials company's stock valued at $20,693,000 after purchasing an additional 6,137 shares in the last quarter. Heritage Family Offices LLP bought a new stake in CSW Industrials during the 2nd quarter valued at $253,000. nVerses Capital LLC purchased a new stake in shares of CSW Industrials in the 2nd quarter worth $212,000. Finally, Natixis Advisors LLC bought a new position in shares of CSW Industrials during the 2nd quarter worth $12,424,000. Institutional investors own 82.79% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on CSWI shares. Citigroup upgraded CSW Industrials to a "hold" rating in a report on Wednesday, November 13th. StockNews.com upgraded 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 research note on Tuesday, December 17th. Finally, The Goldman Sachs Group started coverage on shares of CSW Industrials in a research note on Friday, December 6th. They issued a "neutral" rating and a $450.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $430.00.

Insider Buying and Selling

In other CSW Industrials news, SVP Luke Alverson sold 1,416 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $387.15, for a total value of $548,204.40. Following the completion of the sale, the senior vice president now owns 17,156 shares of the company's stock, valued at approximately $6,641,945.40. This trade represents a 7.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total transaction of $393,340.00. Following the transaction, the chief executive officer now owns 51,698 shares in the company, valued at approximately $20,334,891.32. This trade represents a 1.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,381 shares of company stock worth $2,496,864 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

CSW Industrials Stock Performance

CSWI traded up $2.94 on Wednesday, hitting $360.30. The company had a trading volume of 25,997 shares, compared to its average volume of 125,348. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 48.95 and a beta of 0.81. The stock has a fifty day moving average price of $394.74 and a 200-day moving average price of $341.08. CSW Industrials, Inc. has a 12-month low of $200.50 and a 12-month high of $436.50.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were issued a $0.24 dividend. This is a boost from CSW Industrials's previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Friday, October 25th. CSW Industrials's dividend payout ratio (DPR) is currently 13.04%.

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.