Snowden Capital Advisors LLC Has $841,000 Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Snowden Capital Advisors LLC lowered 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 SEC. The institutional investor owned 3,795 shares of the industrial products company's stock after selling 22,072 shares during the quarter. Snowden Capital Advisors LLC's holdings in Powell Industries were worth $841,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of POWL. Barclays PLC lifted its stake in Powell Industries by 198.1% in the third quarter. Barclays PLC now owns 60,969 shares of the industrial products company's stock valued at $13,536,000 after buying an additional 40,515 shares in the last quarter. Principal Financial Group Inc. lifted its position 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 purchasing an additional 2,793 shares in the last quarter. Merit Financial Group LLC lifted its position 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 purchasing an additional 2,508 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Powell Industries by 19.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 1,084 shares of the industrial products company's stock worth $240,000 after purchasing an additional 180 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Powell Industries by 10.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,009 shares of the industrial products company's stock worth $667,000 after purchasing an additional 291 shares in the last quarter. Institutional investors own 89.77% of the company's stock.

Analyst Upgrades and Downgrades

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

Powell Industries Stock Up 0.8%

Shares of POWL stock traded up $1.43 during trading on Friday, reaching $174.70. The company's stock had a trading volume of 245,498 shares, compared to its average volume of 427,581. The business has a fifty day moving average price of $178.68 and a 200-day moving average price of $216.71. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 0.98 and a beta of 0.78. Powell Industries, Inc. has a one year low of $127.01 and a one year high of $364.98.

Powell Industries (NASDAQ:POWL - Get Free Report) last issued its earnings results on Tuesday, May 6th. The industrial products company reported $3.81 earnings per share for the quarter, topping analysts' consensus estimates of $3.34 by $0.47. The business had revenue of $278.63 million for the quarter, compared to the consensus estimate of $282.68 million. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.75 earnings per share. Research analysts anticipate that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st will be issued 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 0.61%. Powell Industries's payout ratio 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.