Montchanin Asset Management LLC Raises Stock Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Montchanin Asset Management LLC lifted its position in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 132.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Bay Rivers Group lifted its holdings in Powell Industries by 105.4% in the fourth 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 during the period. Perigon Wealth Management LLC bought a new position in shares of Powell Industries in the 4th quarter worth approximately $251,000. Barclays PLC lifted its stake in shares of Powell Industries by 198.1% in the 3rd 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 period. Charles Schwab Investment Management Inc. boosted its position in shares of Powell Industries by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 94,482 shares of the industrial products company's stock valued at $20,942,000 after purchasing an additional 637 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in Powell Industries in the fourth quarter worth $1,489,000. 89.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Powell Industries Stock Performance

Shares of POWL traded up $6.54 during mid-day trading on Tuesday, reaching $181.24. The company had a trading volume of 461,841 shares, compared to its average volume of 427,718. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 0.98 and a beta of 0.78. The firm has a 50-day moving average price of $178.54 and a 200 day moving average price of $215.51. 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 announced its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $3.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $282.68 million. During the same quarter in the previous year, the business earned $2.75 earnings per share. The firm's quarterly revenue was up 9.2% compared to the same quarter last year. As a group, research analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.2675 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $1.07 dividend on an annualized basis and a yield of 0.59%. Powell Industries's dividend payout ratio is currently 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.