Axa S.A. Sells 4,460 Shares of Powell Industries, Inc. (NASDAQ:POWL)

AXA S.A. lowered its position in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 41.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,304 shares of the industrial products company's stock after selling 4,460 shares during the quarter. AXA S.A. owned about 0.05% of Powell Industries worth $1,397,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in Powell Industries by 15.2% in the fourth quarter. AQR Capital Management LLC now owns 62,314 shares of the industrial products company's stock worth $13,812,000 after acquiring an additional 8,216 shares in the last quarter. Northern Trust Corp increased its position in Powell Industries by 15.7% during the fourth quarter. Northern Trust Corp now owns 116,823 shares of the industrial products company's stock worth $25,894,000 after acquiring an additional 15,864 shares during the period. Beacon Pointe Advisors LLC boosted its stake in Powell Industries by 388.3% during the fourth quarter. Beacon Pointe Advisors LLC now owns 5,030 shares of the industrial products company's stock worth $1,115,000 after buying an additional 4,000 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in Powell Industries during the fourth quarter worth $359,000. Finally, Two Sigma Securities LLC bought a new stake in shares of Powell Industries during the fourth quarter worth $490,000. 89.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Powell Industries Stock Down 1.8 %

Shares of POWL stock traded down $3.19 during trading hours on Friday, hitting $174.77. 422,523 shares of the company's stock traded hands, compared to its average volume of 430,642. Powell Industries, Inc. has a 12 month low of $127.01 and a 12 month high of $364.98. The stock has a market cap of $2.11 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 0.98 and a beta of 0.78. The stock's 50 day simple moving average is $175.80 and its 200 day simple moving average is $223.69.

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

Powell Industries Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, May 21st. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.61%. Powell Industries's payout ratio is 7.52%.

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.