Deutsche Bank AG Acquires 3,423 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Deutsche Bank AG increased its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 58.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,267 shares of the industrial products company's stock after purchasing an additional 3,423 shares during the period. Deutsche Bank AG owned approximately 0.08% of Powell Industries worth $2,054,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Bay Rivers Group boosted its holdings in shares of Powell Industries by 105.4% during the 4th quarter. Bay Rivers Group now owns 2,294 shares of the industrial products company's stock worth $508,000 after buying an additional 1,177 shares in the last quarter. Perigon Wealth Management LLC bought a new position in Powell Industries during the fourth quarter worth $251,000. Barclays PLC boosted its stake in Powell Industries by 198.1% during the third quarter. Barclays PLC now owns 60,969 shares of the industrial products company's stock worth $13,536,000 after acquiring an additional 40,515 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Powell Industries by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 94,482 shares of the industrial products company's stock worth $20,942,000 after purchasing an additional 637 shares during the period. Finally, State of New Jersey Common Pension Fund D bought a new stake in Powell Industries in the fourth quarter valued at $1,489,000. 89.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Powell Industries Stock Performance

Shares of NASDAQ POWL traded down $4.24 during midday trading on Wednesday, hitting $177.00. 39,960 shares of the stock traded hands, compared to its average volume of 426,202. Powell Industries, Inc. has a one year low of $127.01 and a one year high of $364.98. The business has a 50 day moving average price of $178.54 and a two-hundred day moving average price of $215.27. The company has a market cap of $2.14 billion, a PE ratio of 13.44, a P/E/G ratio of 0.98 and a beta of 0.78.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $3.81 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $282.68 million. During the same quarter in the previous year, the business posted $2.75 EPS. Powell Industries's quarterly revenue was up 9.2% on a year-over-year basis. As a group, equities research analysts forecast that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors 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 yield of 0.60%. Powell Industries's payout ratio is 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.