Powell Industries, Inc. (NASDAQ:POWL) Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 72,193 shares of the industrial products company’s stock after selling 2,265 shares during the quarter. Royce & Associates LP owned about 0.60% of Powell Industries worth $16,002,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. State Street Corp increased its position in Powell Industries by 0.9% in the third quarter. State Street Corp now owns 362,717 shares of the industrial products company’s stock worth $80,520,000 after buying an additional 3,403 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Powell Industries by 3.9% during the third quarter. Geode Capital Management LLC now owns 257,049 shares of the industrial products company’s stock valued at $57,071,000 after acquiring an additional 9,692 shares during the period. Wellington Management Group LLP bought a new position in shares of Powell Industries during the third quarter worth about $30,038,000. Raymond James Financial Inc. acquired a new stake in shares of Powell Industries in the 4th quarter worth about $22,556,000. Finally, Victory Capital Management Inc. lifted its position in Powell Industries by 1,119.3% in the 3rd quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company’s stock valued at $21,886,000 after purchasing an additional 90,504 shares during the last quarter. Institutional investors own 89.77% of the company’s stock.

Powell Industries Trading Up 4.0 %

Powell Industries stock opened at $173.36 on Monday. The company’s 50-day moving average price is $215.24 and its two-hundred day moving average price is $234.20. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 0.98 and a beta of 0.83. Powell Industries, Inc. has a 52 week low of $122.00 and a 52 week high of $364.98.

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

Powell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th will be issued a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a yield of 0.62%. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, February 19th. Powell Industries’s dividend payout ratio (DPR) is presently 8.12%.

Analyst Upgrades and Downgrades

POWL has been the subject of several recent analyst reports. Roth Mkm started coverage on shares of Powell Industries in a research report on Wednesday, December 11th. They issued a “buy” rating and a $312.00 target price for the company. Roth Capital upgraded Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, StockNews.com upgraded Powell Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th.

About Powell Industries

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.