EAM Global Investors LLC Makes New $2.28 Million Investment in Powell Industries, Inc. (NASDAQ:POWL)

EAM Global Investors LLC acquired a new stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,302 shares of the industrial products company's stock, valued at approximately $2,283,000. EAM Global Investors LLC owned 0.09% of Powell Industries at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of POWL. Sei Investments Co. boosted its holdings in Powell Industries by 3.1% in the fourth quarter. Sei Investments Co. now owns 2,849 shares of the industrial products company's stock valued at $631,000 after purchasing an additional 85 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Powell Industries by 10.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 979 shares of the industrial products company's stock valued at $217,000 after purchasing an additional 90 shares in the last quarter. Swiss National Bank increased its stake in Powell Industries by 0.5% in the 4th quarter. Swiss National Bank now owns 18,800 shares of the industrial products company's stock valued at $4,167,000 after purchasing an additional 100 shares in the last quarter. Prestige Wealth Management Group LLC boosted its position in shares of Powell Industries by 100.0% in the 4th 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 in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Powell Industries by 6.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,708 shares of the industrial products company's stock worth $379,000 after purchasing an additional 109 shares in the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds.

Powell Industries Trading Down 5.5 %

NASDAQ POWL traded down $9.24 on Monday, reaching $158.00. The stock had a trading volume of 86,806 shares, compared to its average volume of 434,306. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 0.98 and a beta of 0.67. The business has a 50 day moving average price of $177.01 and a 200 day moving average price of $232.06. Powell Industries, Inc. has a 1 year low of $127.01 and a 1 year high of $364.98.

Powell Industries (NASDAQ:POWL - Get Free Report) last posted its 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, analysts anticipate 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 was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th were given a dividend of $0.2675 per share. This is a boost from Powell Industries's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $1.07 annualized dividend and a dividend yield of 0.68%. Powell Industries's payout ratio is presently 8.12%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 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.