Royce & Associates LP Reduces Position in Powell Industries, Inc. (NASDAQ:POWL)

Royce & Associates LP decreased its holdings in shares of Powell Industries, Inc. (NASDAQ:POWLGet Rating) by 5.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,777 shares of the industrial products company’s stock after selling 4,975 shares during the quarter. Royce & Associates LP owned about 0.76% of Powell Industries worth $1,743,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Assenagon Asset Management S.A. boosted its holdings in shares of Powell Industries by 25.0% during the first quarter. Assenagon Asset Management S.A. now owns 74,166 shares of the industrial products company’s stock worth $1,440,000 after purchasing an additional 14,815 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Powell Industries by 20.0% during the fourth quarter. GSA Capital Partners LLP now owns 36,535 shares of the industrial products company’s stock worth $1,077,000 after purchasing an additional 6,101 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Powell Industries during the fourth quarter worth $224,000. Heartland Advisors Inc. boosted its holdings in shares of Powell Industries by 9.4% during the fourth quarter. Heartland Advisors Inc. now owns 358,773 shares of the industrial products company’s stock worth $10,580,000 after purchasing an additional 30,962 shares during the last quarter. Finally, Acuitas Investments LLC boosted its holdings in shares of Powell Industries by 47.6% during the fourth quarter. Acuitas Investments LLC now owns 149,876 shares of the industrial products company’s stock worth $4,420,000 after purchasing an additional 48,306 shares during the last quarter. Institutional investors and hedge funds own 88.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on POWL. StockNews.com upgraded Powell Industries from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Sidoti cut Powell Industries from a “buy” rating to a “neutral” rating in a report on Friday, June 10th.

Powell Industries Trading Down 1.0 %

Shares of Powell Industries stock opened at $25.89 on Friday. The business’s fifty day moving average price is $24.63 and its 200 day moving average price is $23.51. The stock has a market capitalization of $305.01 million, a P/E ratio of 36.99 and a beta of 1.16. Powell Industries, Inc. has a twelve month low of $18.81 and a twelve month high of $31.81.

Powell Industries (NASDAQ:POWLGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The industrial products company reported ($0.10) EPS for the quarter. The company had revenue of $127.85 million for the quarter. Powell Industries had a return on equity of 2.79% and a net margin of 1.65%.

Powell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 21st. Stockholders of record on Wednesday, August 17th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Tuesday, August 16th. Powell Industries’s payout ratio is 148.57%.

Powell Industries Profile

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Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy. 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, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.

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Institutional Ownership by Quarter for Powell Industries (NASDAQ:POWL)

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