Ameriprise Financial Inc. Grows Stock Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Ameriprise Financial Inc. increased its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL) by 28.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,215 shares of the industrial products company’s stock after purchasing an additional 9,923 shares during the period. Ameriprise Financial Inc. owned approximately 0.37% of Powell Industries worth $10,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Principal Securities Inc. purchased a new position in shares of Powell Industries during the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC raised its position in Powell Industries by 455.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 132 shares in the last quarter. GeoWealth Management LLC lifted its holdings in Powell Industries by 123.8% in the fourth quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 99 shares during the period. Blue Trust Inc. purchased a new stake in Powell Industries in the 4th quarter worth approximately $40,000. Finally, Tucker Asset Management LLC acquired a new stake in shares of Powell Industries during the 4th quarter worth approximately $43,000. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Powell Industries Stock Down 0.3%

Shares of Powell Industries stock opened at $182.56 on Tuesday. The firm has a market cap of $2.20 billion, a PE ratio of 13.86, a P/E/G ratio of 0.98 and a beta of 0.78. Powell Industries, Inc. has a twelve month low of $127.01 and a twelve month high of $364.98. The business has a 50-day moving average price of $178.63 and a 200 day moving average price of $220.52.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $3.81 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.47. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. The business had revenue of $278.63 million during the quarter, compared to analysts’ expectations of $282.68 million. During the same period in the previous year, the business earned $2.75 earnings per share. The business’s revenue was up 9.2% compared to the same quarter last year. On average, sell-side analysts expect that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be given a $0.2675 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $1.07 annualized dividend and a dividend yield of 0.59%. Powell Industries’s dividend payout ratio (DPR) is 7.52%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Powell Industries from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th.

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.