Snowden Capital Advisors LLC Lowers Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Snowden Capital Advisors LLC reduced its stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 85.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,795 shares of the industrial products company's stock after selling 22,072 shares during the period. Snowden Capital Advisors LLC's holdings in Powell Industries were worth $841,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of POWL. Barclays PLC grew its position in Powell Industries by 198.1% during 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 last quarter. Principal Financial Group Inc. lifted its stake in shares of Powell Industries by 5.7% in the third quarter. Principal Financial Group Inc. now owns 51,507 shares of the industrial products company's stock worth $11,434,000 after buying an additional 2,793 shares in the last quarter. Merit Financial Group LLC lifted its stake in shares of Powell Industries by 103.9% in the fourth quarter. Merit Financial Group LLC now owns 4,922 shares of the industrial products company's stock worth $1,091,000 after buying an additional 2,508 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Powell Industries by 19.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 1,084 shares of the industrial products company's stock valued at $240,000 after buying an additional 180 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Powell Industries by 10.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,009 shares of the industrial products company's stock valued at $667,000 after acquiring an additional 291 shares in the last quarter. 89.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Powell Industries Stock Performance

NASDAQ POWL opened at $182.56 on Tuesday. Powell Industries, Inc. has a one year low of $127.01 and a one year high of $364.98. The stock has a 50-day moving average of $178.63 and a 200 day moving average of $220.52. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 13.86, a PEG 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 earnings per share (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 firm had revenue of $278.63 million for the quarter, compared to the consensus estimate of $282.68 million. During the same quarter last year, the firm posted $2.75 EPS. The business's quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities analysts predict that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be given a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Wednesday, May 21st. Powell Industries's dividend payout ratio (DPR) is presently 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.

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