Powell Industries, Inc. (NASDAQ:POWL) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL) by 40.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,646 shares of the industrial products company’s stock after purchasing an additional 474 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Powell Industries were worth $365,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Securities Inc. acquired a new stake in Powell Industries during the fourth quarter worth about $26,000. Smartleaf Asset Management LLC lifted its holdings in shares of Powell Industries by 455.2% in the 4th 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. acquired a new position in Powell Industries during the 4th quarter valued at approximately $40,000. GeoWealth Management LLC boosted its position in Powell Industries by 123.8% during the 4th quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 99 shares during the period. Finally, Tucker Asset Management LLC acquired a new position in Powell Industries during the 4th quarter valued at approximately $43,000. 89.77% of the stock is owned by institutional investors and hedge funds.

Powell Industries Trading Down 2.8%

POWL stock opened at $187.85 on Friday. Powell Industries, Inc. has a one year low of $127.01 and a one year high of $364.98. The firm has a market capitalization of $2.27 billion, a PE ratio of 14.26, a P/E/G ratio of 0.98 and a beta of 0.73. The firm has a 50-day moving average of $179.46 and a two-hundred day moving average of $205.33.

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

Powell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $0.2675 per share. The ex-dividend date is Wednesday, May 21st. This represents a $1.07 annualized dividend and a yield of 0.57%. Powell Industries’s dividend payout ratio (DPR) is presently 7.52%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a research 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.