Transce3nd LLC Purchases New Position in Powell Industries, Inc. (NASDAQ:POWL)

Transce3nd LLC acquired a new position in shares of Powell Industries, Inc. (NASDAQ:POWL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 353 shares of the industrial products company’s stock, valued at approximately $78,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Principal Securities Inc. bought a new position in shares of Powell Industries during the 4th quarter valued at approximately $26,000. Smartleaf Asset Management LLC boosted its stake in Powell Industries by 455.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company’s stock worth $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 valued at $40,000. GeoWealth Management LLC raised its stake in shares of Powell Industries by 123.8% in the fourth quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 99 shares during the period. Finally, Tucker Asset Management LLC bought a new stake in shares of Powell Industries in the 4th quarter worth about $43,000. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

Powell Industries Trading Down 4.7 %

NASDAQ:POWL opened at $159.38 on Tuesday. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 0.98 and a beta of 0.67. Powell Industries, Inc. has a twelve month low of $127.01 and a twelve month high of $364.98. The stock has a fifty day simple moving average of $176.01 and a 200-day simple moving average of $231.47.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.83 by $0.03. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. As a group, equities research analysts predict that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.2675 per share. The ex-dividend date was Wednesday, February 19th. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.67%. Powell Industries’s dividend payout ratio (DPR) is currently 8.12%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Powell Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th.

Powell Industries Company 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.