Janus Henderson Group PLC Has $5.12 Million Stock Position in Powell Industries, Inc. (NASDAQ:POWL)

Janus Henderson Group PLC lifted its stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 413.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,113 shares of the industrial products company's stock after purchasing an additional 18,613 shares during the period. Janus Henderson Group PLC owned 0.19% of Powell Industries worth $5,124,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Deutsche Bank AG lifted its stake in Powell Industries by 58.6% in the fourth quarter. Deutsche Bank AG now owns 9,267 shares of the industrial products company's stock valued at $2,054,000 after buying an additional 3,423 shares during the period. CastleKnight Management LP increased its stake in shares of Powell Industries by 105.9% in the 4th quarter. CastleKnight Management LP now owns 7,000 shares of the industrial products company's stock valued at $1,552,000 after acquiring an additional 3,600 shares during the last quarter. Balyasny Asset Management L.P. raised its position in shares of Powell Industries by 936.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 20,812 shares of the industrial products company's stock valued at $4,613,000 after acquiring an additional 18,804 shares during the period. Baird Financial Group Inc. boosted its stake in Powell Industries by 9.1% during the 4th quarter. Baird Financial Group Inc. now owns 57,631 shares of the industrial products company's stock worth $12,774,000 after acquiring an additional 4,796 shares during the last quarter. Finally, Benjamin Edwards Inc. acquired a new position in Powell Industries during the fourth quarter valued at approximately $655,000. 89.77% of the stock is owned by institutional investors and hedge funds.

Powell Industries Trading Up 3.0%

POWL stock opened at $183.17 on Monday. Powell Industries, Inc. has a 1-year low of $127.01 and a 1-year high of $364.98. The firm has a market cap of $2.21 billion, a PE ratio of 13.91, a P/E/G ratio of 0.98 and a beta of 0.78. The business's 50-day moving average price is $178.32 and its two-hundred day moving average price is $221.20.

Powell Industries (NASDAQ:POWL - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $3.81 earnings per share for the quarter, beating 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 business had revenue of $278.63 million for the quarter, compared to analysts' expectations of $282.68 million. During the same quarter in the previous year, the business posted $2.75 EPS. Powell Industries's revenue for the quarter was up 9.2% on a year-over-year basis. On average, 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 declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be issued a $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Wednesday, May 21st. Powell Industries's dividend payout ratio (DPR) is presently 7.52%.

Analysts Set New Price Targets

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

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.

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