Balyasny Asset Management L.P. Has $4.61 Million Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Balyasny Asset Management L.P. increased its position in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 936.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,812 shares of the industrial products company's stock after acquiring an additional 18,804 shares during the period. Balyasny Asset Management L.P. owned approximately 0.17% of Powell Industries worth $4,613,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of POWL. Invesco Ltd. increased its stake in Powell Industries by 134.0% in the 4th quarter. Invesco Ltd. now owns 265,139 shares of the industrial products company's stock worth $58,768,000 after purchasing an additional 151,850 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Powell Industries during the 4th quarter valued at about $22,556,000. BNP Paribas Financial Markets lifted its holdings in shares of Powell Industries by 795.9% during the 4th quarter. BNP Paribas Financial Markets now owns 81,819 shares of the industrial products company's stock valued at $18,135,000 after buying an additional 72,686 shares during the last quarter. WCM Investment Management LLC acquired a new stake in shares of Powell Industries during the 4th quarter valued at about $14,261,000. Finally, Federated Hermes Inc. lifted its holdings in shares of Powell Industries by 47,368.9% during the 4th quarter. Federated Hermes Inc. now owns 62,659 shares of the industrial products company's stock valued at $13,888,000 after buying an additional 62,527 shares during the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Powell Industries Price Performance

POWL traded up $4.17 on Friday, hitting $181.93. The company had a trading volume of 83,420 shares, compared to its average volume of 441,623. The company's fifty day moving average price is $177.93 and its 200 day moving average price is $222.20. Powell Industries, Inc. has a 1-year low of $127.01 and a 1-year high of $364.98. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 0.98 and a beta of 0.78.

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, topping the consensus estimate of $3.34 by $0.47. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. The firm had revenue of $278.63 million during the quarter, compared to analyst estimates of $282.68 million. During the same period in the previous year, the company earned $2.75 EPS. The company's revenue for the quarter was up 9.2% on a year-over-year basis. On average, sell-side analysts forecast that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors 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 annualized dividend and a yield of 0.59%. Powell Industries's dividend payout ratio (DPR) is currently 7.52%.

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.