Jackson Creek Investment Advisors LLC Cuts Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Jackson Creek Investment Advisors LLC cut its holdings in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 40.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,674 shares of the industrial products company's stock after selling 3,145 shares during the quarter. Jackson Creek Investment Advisors LLC's holdings in Powell Industries were worth $1,036,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. State Street Corp increased its position in shares of Powell Industries by 0.9% during the third quarter. State Street Corp now owns 362,717 shares of the industrial products company's stock worth $80,520,000 after purchasing an additional 3,403 shares in the last quarter. Geode Capital Management LLC boosted its stake in 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 worth $57,071,000 after buying an additional 9,692 shares during the last quarter. Wellington Management Group LLP acquired a new position in Powell Industries during the third quarter worth $30,038,000. Raymond James Financial Inc. acquired a new position in Powell Industries during the fourth quarter worth $22,556,000. Finally, Victory Capital Management Inc. boosted its stake in Powell Industries by 1,119.3% during the third quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company's stock worth $21,886,000 after buying an additional 90,504 shares during the last quarter. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

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Powell Industries Stock Performance

Shares of Powell Industries stock traded up $5.50 during trading hours on Friday, hitting $162.86. The company's stock had a trading volume of 463,584 shares, compared to its average volume of 540,398. Powell Industries, Inc. has a twelve month low of $122.00 and a twelve month high of $364.98. The firm has a fifty day moving average of $221.56 and a 200-day moving average of $234.35. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 0.98 and a beta of 0.83.

Powell Industries (NASDAQ:POWL - Get Free Report) 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%. On average, sell-side analysts expect that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th will be issued a $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Wednesday, February 19th. This is an increase from Powell Industries's previous quarterly dividend of $0.27. Powell Industries's payout ratio is currently 8.12%.

Analyst Upgrades and Downgrades

POWL has been the topic of a number of recent research reports. Roth Capital raised Powell Industries to a "strong-buy" rating in a research note on Tuesday, December 10th. StockNews.com lowered Powell Industries from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Roth Mkm initiated coverage on Powell Industries in a research note on Wednesday, December 11th. They set a "buy" rating and a $312.00 price objective on the stock.

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.