ExodusPoint Capital Management LP Invests $1.35 Million in Powell Industries, Inc. (NASDAQ:POWL)

ExodusPoint Capital Management LP acquired a new stake in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 6,085 shares of the industrial products company's stock, valued at approximately $1,349,000. ExodusPoint Capital Management LP owned approximately 0.05% of Powell Industries at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP acquired a new stake in shares of Powell Industries in the third quarter valued at approximately $30,038,000. Raymond James Financial Inc. acquired a new position in shares of Powell Industries during the 4th quarter valued at about $22,556,000. WCM Investment Management LLC purchased a new stake in shares of Powell Industries in the fourth quarter valued at about $14,261,000. Sanctuary Advisors LLC acquired a new stake in Powell Industries during the third quarter worth about $12,176,000. Finally, Cibc World Market Inc. raised its stake in Powell Industries by 438.8% during the fourth quarter. Cibc World Market Inc. now owns 60,746 shares of the industrial products company's stock worth $13,464,000 after purchasing an additional 49,471 shares during the period. Institutional investors and hedge funds own 89.77% of the company's stock.

Powell Industries Stock Up 1.5 %

POWL stock traded up $2.52 during mid-day trading on Tuesday, hitting $174.49. 63,297 shares of the company were exchanged, compared to its average volume of 432,725. The business has a fifty day simple moving average of $181.60 and a 200-day simple moving average of $233.73. The firm has a market capitalization of $2.11 billion, a P/E ratio of 13.18, a PEG ratio of 0.98 and a beta of 0.67. Powell Industries, Inc. has a 12-month low of $122.00 and a 12-month high of $364.98.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, beating 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 predict that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders 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 a positive change from Powell Industries's previous quarterly dividend of $0.27. This represents a $1.07 dividend on an annualized basis and a yield of 0.61%. Powell Industries's dividend payout ratio is 8.12%.

Analyst Ratings Changes

Separately, StockNews.com upgraded 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.