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

Principal Financial Group Inc. boosted its holdings in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 89,061 shares of the basic materials company's stock after purchasing an additional 4,070 shares during the quarter. Principal Financial Group Inc. owned about 0.53% of CSW Industrials worth $31,421,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of CSW Industrials by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company's stock worth $142,536,000 after buying an additional 26,728 shares in the last quarter. Mutual of America Capital Management LLC bought a new position in CSW Industrials during the third quarter valued at about $916,000. Charles Schwab Investment Management Inc. increased its holdings in CSW Industrials by 13.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company's stock worth $61,689,000 after buying an additional 19,659 shares during the last quarter. Thrivent Financial for Lutherans raised its position in CSW Industrials by 40.3% in the third quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company's stock worth $10,414,000 after acquiring an additional 8,161 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in CSW Industrials by 8.5% in the third quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company's stock valued at $3,482,000 after acquiring an additional 744 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In related news, Director Robert M. Swartz sold 200 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total value of $70,930.00. Following the transaction, the director now owns 13,719 shares of the company's stock, valued at $4,865,443.35. This represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $19,371,286.44. The trade was a 1.97 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,103 shares of company stock worth $3,437,104. Company insiders own 1.40% of the company's stock.

CSW Industrials Price Performance

CSWI stock traded up $2.43 during trading on Wednesday, hitting $305.86. 26,607 shares of the company traded hands, compared to its average volume of 114,357. The company has a market cap of $5.13 billion, a PE ratio of 36.55 and a beta of 0.84. The stock's 50-day simple moving average is $347.25 and its 200 day simple moving average is $361.42. CSW Industrials, Inc. has a 1 year low of $221.10 and a 1 year high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last announced its earnings results 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 return on equity of 15.72% and a net margin of 15.53%. Research analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials's dividend payout ratio is presently 11.47%.

Wall Street Analyst Weigh In

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