Lighthouse Investment Partners LLC Takes $997,000 Position in Powell Industries, Inc. (NASDAQ:POWL)

Lighthouse Investment Partners LLC purchased a new position in Powell Industries, Inc. (NASDAQ:POWL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,500 shares of the industrial products company's stock, valued at approximately $997,000.

Other hedge funds also recently bought and sold shares of the company. Principal Securities Inc. purchased a new position in Powell Industries in the 4th quarter worth about $26,000. Smartleaf Asset Management LLC raised its position in 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 buying an additional 132 shares during the last quarter. GeoWealth Management LLC raised its position in Powell Industries by 123.8% in the 4th 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. Blue Trust Inc. purchased a new position in Powell Industries in the 4th quarter worth about $40,000. Finally, Tucker Asset Management LLC purchased a new position in Powell Industries in the 4th quarter worth about $43,000. Institutional investors own 89.77% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Powell Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, March 11th.

Powell Industries Trading Down 0.1%

NASDAQ:POWL traded down $0.15 during mid-day trading on Tuesday, reaching $182.41. The company's stock had a trading volume of 28,738 shares, compared to its average volume of 430,946. Powell Industries, Inc. has a 12-month low of $127.01 and a 12-month high of $364.98. The firm's fifty day moving average price is $178.63 and its two-hundred day moving average price is $220.52. The stock has a market cap of $2.20 billion, a P/E ratio of 13.85, a PEG ratio of 0.98 and a beta of 0.78.

Powell Industries (NASDAQ:POWL - Get Free Report) last issued its earnings results on Tuesday, May 6th. The industrial products company reported $3.81 earnings per share for the quarter, topping 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 analyst estimates of $282.68 million. During the same quarter in the previous year, the firm earned $2.75 EPS. Powell Industries's revenue was up 9.2% on a year-over-year basis. Analysts predict that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Dividend Announcement

The firm 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 dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Wednesday, May 21st. Powell Industries's payout ratio is currently 7.52%.

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.