Lighthouse Investment Partners LLC Acquires Shares of 4,500 Powell Industries, Inc. (NASDAQ:POWL)

Lighthouse Investment Partners LLC bought a new position in Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 4,500 shares of the industrial products company's stock, valued at approximately $997,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC increased its stake in shares of Powell Industries by 198.1% in the 3rd quarter. Barclays PLC now owns 60,969 shares of the industrial products company's stock worth $13,536,000 after acquiring an additional 40,515 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Powell Industries by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 20,098 shares of the industrial products company's stock worth $4,462,000 after acquiring an additional 497 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Powell Industries by 5.7% in the 3rd quarter. Principal Financial Group Inc. now owns 51,507 shares of the industrial products company's stock worth $11,434,000 after acquiring an additional 2,793 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Powell Industries by 101.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 26,858 shares of the industrial products company's stock worth $5,962,000 after acquiring an additional 13,531 shares in the last quarter. Finally, Advisors Management Group Inc. ADV increased its stake in shares of Powell Industries by 2.1% in the 4th quarter. Advisors Management Group Inc. ADV now owns 17,207 shares of the industrial products company's stock worth $3,814,000 after acquiring an additional 356 shares in the last quarter. 89.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Powell Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, March 11th.

Powell Industries Stock Performance

Shares of Powell Industries stock traded up $5.41 during trading on Friday, hitting $183.17. The company's stock had a trading volume of 294,486 shares, compared to its average volume of 433,575. The company has a fifty day simple moving average of $178.32 and a two-hundred day simple moving average of $221.43. The company has a market capitalization of $2.21 billion, a PE ratio of 13.91, a P/E/G ratio of 0.98 and a beta of 0.78. Powell Industries, Inc. has a 52 week low of $127.01 and a 52 week high of $364.98.

Powell Industries (NASDAQ:POWL - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $3.81 earnings per share for the quarter, beating analysts' consensus estimates of $3.34 by $0.47. The business had revenue of $278.63 million during the quarter, compared to analyst estimates of $282.68 million. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. Powell Industries's revenue was up 9.2% compared to the same quarter last year. During the same period last year, the business earned $2.75 EPS. As a group, analysts predict that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.2675 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $1.07 dividend on an annualized basis and a yield of 0.58%. Powell Industries's dividend 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.