Principal Financial Group Inc. Reduces Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Principal Financial Group Inc. trimmed its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 25.0% during the second quarter, HoldingsChannel.com reports. The firm owned 2,189 shares of the basic materials company’s stock after selling 731 shares during the quarter. Principal Financial Group Inc.’s holdings in CSW Industrials were worth $259,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in CSWI. Cambridge Investment Research Advisors Inc. bought a new stake in shares of CSW Industrials during the 1st quarter valued at $222,000. BlackRock Inc. raised its stake in shares of CSW Industrials by 2.4% during the 1st quarter. BlackRock Inc. now owns 1,006,225 shares of the basic materials company’s stock valued at $135,840,000 after purchasing an additional 23,785 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of CSW Industrials during the 1st quarter valued at $225,000. UBS Group AG raised its stake in shares of CSW Industrials by 17.6% during the 1st quarter. UBS Group AG now owns 8,703 shares of the basic materials company’s stock valued at $1,175,000 after purchasing an additional 1,301 shares during the period. Finally, Prudential Financial Inc. bought a new stake in shares of CSW Industrials during the 1st quarter valued at $236,000. Institutional investors own 72.38% of the company’s stock.

Shares of NASDAQ CSWI opened at $132.43 on Thursday. The stock’s 50-day simple moving average is $129.87 and its two-hundred day simple moving average is $126.72. CSW Industrials, Inc. has a twelve month low of $81.51 and a twelve month high of $143.78. The company has a quick ratio of 1.50, a current ratio of 2.65 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.08 billion, a P/E ratio of 42.18 and a beta of 0.81.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings data on Wednesday, August 4th. The basic materials company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.30. CSW Industrials had a return on equity of 16.03% and a net margin of 9.88%. The firm had revenue of $161.27 million during the quarter, compared to analysts’ expectations of $137.99 million. As a group, research analysts anticipate that CSW Industrials, Inc. will post 4.98 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 12th. Stockholders of record on Friday, October 29th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Thursday, October 28th. CSW Industrials’s payout ratio is currently 17.80%.

A number of equities analysts have weighed in on CSWI shares. Barrington Research upped their target price on CSW Industrials from $150.00 to $163.00 and gave the stock an “outperform” rating in a research note on Friday, August 6th. Zacks Investment Research lowered CSW Industrials from a “buy” rating to a “hold” rating in a research note on Wednesday, October 6th.

CSW Industrials Profile

CSW Industrials, Inc provides performance solutions to customers. It operates through the following segments: Industrial Products and Specialty Chemicals. The Industrial products segment manufactures specialty mechanical products; fire and smoke protection products; architecturally-specified building products; and storage, filtration and application equipment.

Further Reading: Put Option

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

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