Powell Industries, Inc. (NASDAQ:POWL) Position Increased by Algert Global LLC

Algert Global LLC grew its position in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 9.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,044 shares of the industrial products company's stock after acquiring an additional 1,800 shares during the quarter. Algert Global LLC owned approximately 0.17% of Powell Industries worth $4,664,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Powell Industries by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 688,058 shares of the industrial products company's stock valued at $152,508,000 after buying an additional 24,997 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Powell Industries by 8.3% in the 4th quarter. American Century Companies Inc. now owns 351,750 shares of the industrial products company's stock worth $77,965,000 after purchasing an additional 27,029 shares in the last quarter. Invesco Ltd. boosted its holdings in Powell Industries by 134.0% during the fourth quarter. Invesco Ltd. now owns 265,139 shares of the industrial products company's stock worth $58,768,000 after buying an additional 151,850 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Powell Industries by 24.1% in the fourth quarter. First Trust Advisors LP now owns 122,825 shares of the industrial products company's stock valued at $27,224,000 after buying an additional 23,839 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Powell Industries by 15.7% during the 4th quarter. Northern Trust Corp now owns 116,823 shares of the industrial products company's stock valued at $25,894,000 after acquiring an additional 15,864 shares during the last quarter. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Powell Industries Stock Down 1.8 %

Shares of Powell Industries stock traded down $3.19 during trading on Friday, hitting $174.77. The stock had a trading volume of 422,523 shares, compared to its average volume of 430,499. The company has a market capitalization of $2.11 billion, a PE ratio of 13.27, a P/E/G ratio of 0.98 and a beta of 0.78. Powell Industries, Inc. has a 1 year low of $127.01 and a 1 year high of $364.98. The stock has a 50 day simple moving average of $175.80 and a 200 day simple moving average of $224.08.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its 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. The company had revenue of $278.63 million for the quarter, compared to the consensus estimate of $282.68 million. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. The company's revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.75 EPS. As a group, equities analysts expect that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.2675 per share. The ex-dividend date is Wednesday, May 21st. This represents a $1.07 dividend on an annualized basis and a yield of 0.61%. Powell Industries's payout ratio is presently 8.12%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Powell Industries from a "hold" rating to a "buy" rating in a 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.