Strong Tower Advisory Services Raises Stock Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Strong Tower Advisory Services boosted its holdings in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 306.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,643 shares of the industrial products company's stock after purchasing an additional 4,255 shares during the quarter. Strong Tower Advisory Services' holdings in Powell Industries were worth $953,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in Powell Industries by 134.0% during the fourth quarter. Invesco Ltd. now owns 265,139 shares of the industrial products company's stock worth $58,768,000 after acquiring an additional 151,850 shares during the last quarter. GAMMA Investing LLC increased its stake in Powell Industries by 22,009.7% during the first quarter. GAMMA Investing LLC now owns 102,368 shares of the industrial products company's stock worth $17,436,000 after acquiring an additional 101,905 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Powell Industries during the fourth quarter worth about $22,556,000. BNP Paribas Financial Markets increased its stake in Powell Industries by 795.9% during the fourth quarter. BNP Paribas Financial Markets now owns 81,819 shares of the industrial products company's stock worth $18,135,000 after acquiring an additional 72,686 shares during the last quarter. Finally, WCM Investment Management LLC acquired a new stake in Powell Industries during the fourth quarter worth about $14,261,000. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Powell Industries Stock Up 2.5%

Shares of NASDAQ POWL traded up $4.38 on Thursday, hitting $181.81. The company had a trading volume of 103,916 shares, compared to its average volume of 419,953. Powell Industries, Inc. has a 12-month low of $127.01 and a 12-month high of $364.98. The business has a 50 day moving average of $176.87 and a two-hundred day moving average of $209.95. The firm has a market capitalization of $2.19 billion, a P/E ratio of 13.80, a PEG ratio of 0.98 and a beta of 0.78.

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 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 company had revenue of $278.63 million during the quarter, compared to the consensus estimate of $282.68 million. During the same quarter in the prior year, the business earned $2.75 earnings per share. The company's revenue was up 9.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be given a $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Wednesday, May 21st. Powell Industries's payout ratio is 7.52%.

Wall Street Analysts Forecast Growth

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 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.