Benjamin Edwards Inc. Buys Shares of 2,957 Powell Industries, Inc. (NASDAQ:POWL)

Benjamin Edwards Inc. purchased a new stake in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,957 shares of the industrial products company's stock, valued at approximately $655,000.

A number of other hedge funds also recently made changes to their positions in POWL. Principal Securities Inc. acquired a new stake in Powell Industries in the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC grew its position 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 buying an additional 132 shares during the last quarter. Blue Trust Inc. acquired a new position in Powell Industries in the fourth quarter worth approximately $40,000. GeoWealth Management LLC grew its position in Powell Industries by 123.8% in the fourth quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company's stock worth $40,000 after buying an additional 99 shares during the last quarter. Finally, Tucker Asset Management LLC acquired a new position in Powell Industries in the fourth quarter worth approximately $43,000. Institutional investors own 89.77% of the company's stock.

Powell Industries Trading Down 2.6%

POWL stock traded down $4.77 during mid-day trading on Thursday, reaching $179.99. 152,406 shares of the stock traded hands, compared to its average volume of 430,454. Powell Industries, Inc. has a 52-week low of $127.01 and a 52-week high of $364.98. The company has a market cap of $2.17 billion, a P/E ratio of 13.69, a P/E/G ratio of 0.98 and a beta of 0.78. The stock's fifty day moving average is $177.54 and its 200-day moving average is $222.76.

Powell Industries (NASDAQ:POWL - Get Free Report) 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 net margin of 15.15% and a return on equity of 35.48%. The company 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 business's quarterly revenue was up 9.2% on a year-over-year basis. Equities 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 declared 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. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Wednesday, May 21st. 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 research note on Tuesday, March 11th.

Powell Industries Company 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.