4,799 Shares in Powell Industries, Inc. (NASDAQ:POWL) Acquired by Vest Financial LLC

Vest Financial LLC purchased a new position in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,799 shares of the industrial products company's stock, valued at approximately $817,000.

Several other large investors have also modified their holdings of the stock. Invesco Ltd. raised its stake in Powell Industries by 134.0% during 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. GAMMA Investing LLC increased its holdings in shares of Powell Industries by 22,009.7% in the 1st quarter. GAMMA Investing LLC now owns 102,368 shares of the industrial products company's stock valued at $17,436,000 after acquiring an additional 101,905 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Powell Industries in the 4th quarter valued at approximately $22,556,000. BNP Paribas Financial Markets raised its position 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 acquiring an additional 72,686 shares in the last quarter. Finally, WCM Investment Management LLC acquired a new stake in shares of Powell Industries during the 4th quarter valued at approximately $14,261,000. Institutional investors own 89.77% of the company's stock.

Analyst Upgrades and Downgrades

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

Powell Industries Trading Up 0.3%

POWL traded up $0.53 on Thursday, hitting $193.33. 125,909 shares of the company's stock were exchanged, compared to its average volume of 421,806. The stock has a fifty day moving average of $178.48 and a two-hundred day moving average of $206.51. Powell Industries, Inc. has a twelve month low of $127.01 and a twelve month high of $364.98. The firm has a market cap of $2.33 billion, a PE ratio of 14.68, a P/E/G ratio of 0.98 and a beta of 0.73.

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

Powell Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be given a $0.2675 dividend. This represents a $1.07 annualized dividend and a yield of 0.55%. The ex-dividend date is Wednesday, May 21st. Powell Industries's dividend payout ratio is presently 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.