WINTON GROUP Ltd Sells 1,831 Shares of Powell Industries, Inc. (NASDAQ:POWL)

WINTON GROUP Ltd trimmed its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL) by 28.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,540 shares of the industrial products company’s stock after selling 1,831 shares during the period. WINTON GROUP Ltd’s holdings in Powell Industries were worth $1,006,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of POWL. Principal Securities Inc. bought a new stake in shares of Powell Industries during the 4th quarter valued at $26,000. Quest Partners LLC acquired a new stake in shares of Powell Industries during the third quarter worth $35,000. Smartleaf Asset Management LLC lifted its stake in Powell Industries by 455.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company’s stock valued at $37,000 after buying an additional 132 shares during the period. Blue Trust Inc. bought a new position in Powell Industries during the fourth quarter worth about $40,000. Finally, Prestige Wealth Management Group LLC boosted its holdings in Powell Industries by 100.0% during the fourth quarter. Prestige Wealth Management Group LLC now owns 200 shares of the industrial products company’s stock worth $44,000 after buying an additional 100 shares during the last quarter. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Powell Industries Price Performance

NASDAQ:POWL opened at $176.72 on Friday. The business’s 50-day simple moving average is $203.86 and its 200-day simple moving average is $235.56. Powell Industries, Inc. has a fifty-two week low of $122.00 and a fifty-two week high of $364.98. The stock has a market capitalization of $2.13 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 0.98 and a beta of 0.83.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.03. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. On average, research analysts expect that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th were issued a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Wednesday, February 19th. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend payout ratio is 8.12%.

Analysts Set New Price Targets

A number of analysts recently weighed in on POWL shares. StockNews.com upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th. Roth Mkm initiated coverage on shares of Powell Industries in a report on Wednesday, December 11th. They issued a “buy” rating and a $312.00 target price on the stock. Finally, Roth Capital raised shares of Powell Industries to a “strong-buy” rating in a report on Tuesday, December 10th.

Powell Industries Profile

Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems. The company’s principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.