1,333 Shares in Powell Industries, Inc. (NASDAQ:POWL) Bought by CX Institutional

CX Institutional bought a new position in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,333 shares of the industrial products company's stock, valued at approximately $227,000.

Several other institutional investors have also recently made changes to their positions in the business. 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 worth $152,508,000 after purchasing an additional 24,997 shares during the last quarter. American Century Companies Inc. increased its holdings in Powell Industries by 8.3% in the fourth quarter. American Century Companies Inc. now owns 351,750 shares of the industrial products company's stock valued at $77,965,000 after buying an additional 27,029 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Powell Industries by 5.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 297,868 shares of the industrial products company's stock valued at $66,023,000 after buying an additional 16,002 shares in the last quarter. Invesco Ltd. increased its holdings in Powell Industries by 134.0% in the fourth quarter. Invesco Ltd. now owns 265,139 shares of the industrial products company's stock valued at $58,768,000 after buying an additional 151,850 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in 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. Hedge funds and other institutional investors own 89.77% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Powell Industries from a "hold" rating to a "buy" rating in a report on Tuesday, March 11th.

Powell Industries Stock Performance

POWL opened at $187.85 on Friday. Powell Industries, Inc. has a fifty-two week low of $127.01 and a fifty-two week high of $364.98. The company has a fifty day moving average of $179.46 and a two-hundred day moving average of $204.94. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 0.98 and a beta of 0.73.

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. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. The business had revenue of $278.63 million for the quarter, compared to analyst estimates of $282.68 million. During the same quarter last year, the business earned $2.75 earnings per share. The company's revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities research analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be given a $0.2675 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $1.07 annualized dividend and a dividend yield of 0.57%. Powell Industries's dividend payout ratio (DPR) 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.

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