Heck Capital Advisors LLC Purchases Shares of 1,790 Powell Industries, Inc. (NASDAQ:POWL)

Heck Capital Advisors LLC acquired a new position in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,790 shares of the industrial products company's stock, valued at approximately $397,000.

Several other institutional investors have also modified their holdings of POWL. Vanguard Group Inc. raised its position in Powell Industries by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 688,058 shares of the industrial products company's stock valued at $152,508,000 after purchasing an additional 24,997 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Powell Industries by 8.3% during the 4th quarter. American Century Companies Inc. now owns 351,750 shares of the industrial products company's stock worth $77,965,000 after purchasing an additional 27,029 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Powell Industries by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 297,868 shares of the industrial products company's stock worth $66,023,000 after purchasing an additional 16,002 shares during the period. Invesco Ltd. grew 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 valued at $58,768,000 after acquiring an additional 151,850 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Powell Industries by 24.1% during the 4th quarter. First Trust Advisors LP now owns 122,825 shares of the industrial products company's stock worth $27,224,000 after purchasing an additional 23,839 shares during the last quarter. Hedge funds and other institutional investors own 89.77% of the company's stock.

Analyst Ratings Changes

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

Powell Industries Stock Down 1.1%

Shares of POWL stock traded down $1.92 during trading hours on Friday, hitting $168.48. 286,227 shares of the company were exchanged, compared to its average volume of 426,393. The firm has a market cap of $2.03 billion, a PE ratio of 12.79, a PEG ratio of 0.98 and a beta of 0.78. Powell Industries, Inc. has a 1 year low of $127.01 and a 1 year high of $364.98. The firm has a fifty day moving average of $177.26 and a 200 day moving average of $211.79.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $278.63 million for the quarter, compared to analyst estimates of $282.68 million. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. The company's revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.75 EPS. Analysts expect that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.2675 per share. The ex-dividend date is Wednesday, May 21st. This represents a $1.07 dividend on an annualized basis and a yield of 0.64%. Powell Industries's dividend payout ratio (DPR) is 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.