Powell Industries, Inc. (NASDAQ:POWL) Stock Position Raised by Rhumbline Advisers

Rhumbline Advisers increased its position in Powell Industries, Inc. (NASDAQ:POWL) by 0.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 25,463 shares of the industrial products company’s stock after purchasing an additional 118 shares during the period. Rhumbline Advisers owned about 0.21% of Powell Industries worth $4,337,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Kestra Private Wealth Services LLC lifted its holdings in shares of Powell Industries by 20.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 3,796 shares of the industrial products company’s stock valued at $841,000 after buying an additional 638 shares during the last quarter. Savant Capital LLC increased its holdings in Powell Industries by 2.7% in the 4th quarter. Savant Capital LLC now owns 6,848 shares of the industrial products company’s stock valued at $1,518,000 after buying an additional 177 shares during the period. Vontobel Holding Ltd. raised its holdings in shares of Powell Industries by 28.1% in the 4th quarter. Vontobel Holding Ltd. now owns 1,200 shares of the industrial products company’s stock worth $266,000 after buying an additional 263 shares in the last quarter. Blue Trust Inc. acquired a new stake in shares of Powell Industries in the 4th quarter valued at $40,000. Finally, Quantum Private Wealth LLC acquired a new stake in shares of Powell Industries during the fourth quarter worth approximately $997,000. 89.77% of the stock is owned by institutional investors and hedge funds.

Powell Industries Stock Down 2.8%

Shares of POWL stock opened at $187.85 on Friday. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 0.98 and a beta of 0.73. The firm has a fifty day moving average of $179.46 and a 200-day moving average of $205.33. Powell Industries, Inc. has a 12-month low of $127.01 and a 12-month high of $364.98.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $3.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.47. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. The firm had revenue of $278.63 million for the quarter, compared to the consensus estimate of $282.68 million. During the same quarter last year, the business posted $2.75 EPS. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. Research analysts expect that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Dividend Announcement

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

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Powell Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th.

About Powell Industries

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.