Montchanin Asset Management LLC Has $557,000 Stake in Powell Industries, Inc. (NASDAQ:POWL)

Montchanin Asset Management LLC boosted its holdings in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 132.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,515 shares of the industrial products company's stock after purchasing an additional 1,435 shares during the period. Montchanin Asset Management LLC's holdings in Powell Industries were worth $557,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bay Rivers Group increased its position 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 valued at $508,000 after purchasing an additional 1,177 shares during the period. Perigon Wealth Management LLC acquired a new stake in Powell Industries during the fourth quarter valued at $251,000. Barclays PLC boosted its position in Powell Industries by 198.1% during the third quarter. Barclays PLC now owns 60,969 shares of the industrial products company's stock valued at $13,536,000 after purchasing an additional 40,515 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 buying an additional 637 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of Powell Industries in the fourth quarter worth about $1,489,000. Institutional investors own 89.77% of the company's stock.

Powell Industries Stock Down 1.2%

Shares of POWL traded down $2.13 during trading hours on Thursday, reaching $171.52. The stock had a trading volume of 109,954 shares, compared to its average volume of 425,800. The firm has a 50-day moving average of $178.33 and a 200 day moving average of $214.98. The company has a market cap of $2.07 billion, a P/E ratio of 12.99, a P/E/G ratio of 0.98 and a beta of 0.78. Powell Industries, Inc. has a 52 week low of $127.01 and a 52 week high of $364.98.

Powell Industries (NASDAQ:POWL - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $3.81 EPS for the quarter, topping analysts' consensus estimates of $3.34 by $0.47. The business had revenue of $278.63 million during 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%. Powell Industries's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the company posted $2.75 earnings per share. As a group, equities analysts expect 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. Investors of record on Wednesday, May 21st will be given a dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a yield of 0.62%. The ex-dividend date is Wednesday, May 21st. Powell Industries's dividend payout ratio is currently 7.52%.

Analysts Set New Price Targets

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

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.