Principal Financial Group Inc. Has $805,000 Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

Principal Financial Group Inc. boosted its stake in CSW Industrials, Inc. (NASDAQ:CSWIFree Report) by 26.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,594 shares of the basic materials company’s stock after purchasing an additional 956 shares during the quarter. Principal Financial Group Inc.’s holdings in CSW Industrials were worth $805,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Los Angeles Capital Management LLC acquired a new position in CSW Industrials during the second quarter worth about $843,000. SG Americas Securities LLC acquired a new position in CSW Industrials during the third quarter worth about $735,000. Cullen Frost Bankers Inc. acquired a new position in CSW Industrials during the third quarter worth about $51,000. Royce & Associates LP increased its stake in shares of CSW Industrials by 4.6% in the second quarter. Royce & Associates LP now owns 58,900 shares of the basic materials company’s stock valued at $9,789,000 after buying an additional 2,600 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of CSW Industrials by 1.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 139,676 shares of the basic materials company’s stock valued at $23,213,000 after buying an additional 1,411 shares during the period. Institutional investors and hedge funds own 80.54% of the company’s stock.

Insider Activity at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $202.79, for a total transaction of $202,790.00. Following the transaction, the chief executive officer now directly owns 51,997 shares in the company, valued at approximately $10,544,471.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by company insiders.

CSW Industrials Stock Performance

CSW Industrials stock opened at $229.44 on Friday. The business has a 50 day moving average of $206.78 and a 200-day moving average of $188.10. CSW Industrials, Inc. has a 1 year low of $130.06 and a 1 year high of $231.07. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.77 and a quick ratio of 1.40. The company has a market capitalization of $3.56 billion, a P/E ratio of 36.83, a P/E/G ratio of 2.21 and a beta of 0.73.

CSW Industrials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, January 26th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Thursday, January 25th. CSW Industrials’s payout ratio is presently 12.20%.

About CSW Industrials

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for CSW Industrials (NASDAQ:CSWI)

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