WINTON GROUP Ltd lowered its holdings in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 28.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,540 shares of the industrial products company's stock after selling 1,831 shares during the quarter. WINTON GROUP Ltd's holdings in Powell Industries were worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Principal Securities Inc. purchased a new position in Powell Industries in the 4th quarter worth about $26,000. Quest Partners LLC purchased a new position in shares of Powell Industries during the third quarter valued at approximately $35,000. Smartleaf Asset Management LLC boosted its holdings in Powell Industries by 455.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company's stock worth $37,000 after purchasing an additional 132 shares during the last quarter. Blue Trust Inc. bought a new stake in Powell Industries in the 4th quarter worth approximately $40,000. Finally, Prestige Wealth Management Group LLC raised its stake in Powell Industries by 100.0% during the 4th quarter. Prestige Wealth Management Group LLC now owns 200 shares of the industrial products company's stock valued at $44,000 after buying an additional 100 shares during the last quarter. 89.77% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several brokerages recently commented on POWL. Roth Mkm began coverage on Powell Industries in a report on Wednesday, December 11th. They issued a "buy" rating and a $312.00 price objective for the company. Roth Capital upgraded Powell Industries to a "strong-buy" rating in a research note on Tuesday, December 10th. Finally, StockNews.com upgraded shares of Powell Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, March 11th.
View Our Latest Research Report on POWL
Powell Industries Price Performance
Shares of NASDAQ:POWL traded down $17.21 during midday trading on Thursday, hitting $164.09. The company had a trading volume of 99,249 shares, compared to its average volume of 486,576. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 0.98 and a beta of 0.83. The company has a fifty day moving average of $197.17 and a two-hundred day moving average of $235.77. 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 posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, topping 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%. Research 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 declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th were given a $0.2675 dividend. 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 dividend yield of 0.65%. The ex-dividend date was Wednesday, February 19th. Powell Industries's dividend payout ratio is presently 8.12%.
About Powell Industries
(
Free Report)
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.
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