Tidal Investments LLC Takes $1.22 Million Position in Powell Industries, Inc. (NASDAQ:POWL)

Tidal Investments LLC acquired a new stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,482 shares of the industrial products company's stock, valued at approximately $1,215,000.

A number of other hedge funds also recently made changes to their positions in POWL. Sei Investments Co. grew its stake in Powell Industries by 3.1% during the 4th quarter. Sei Investments Co. now owns 2,849 shares of the industrial products company's stock worth $631,000 after buying an additional 85 shares during the last quarter. Freedom Investment Management Inc. increased its position in Powell Industries by 3.7% during the fourth quarter. Freedom Investment Management Inc. now owns 2,421 shares of the industrial products company's stock worth $537,000 after acquiring an additional 87 shares during the period. PNC Financial Services Group Inc. raised its stake in Powell Industries by 10.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 979 shares of the industrial products company's stock valued at $217,000 after purchasing an additional 90 shares during the last quarter. GeoWealth Management LLC raised its stake in Powell Industries by 123.8% during the 4th quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 99 shares during the last quarter. Finally, Prestige Wealth Management Group LLC boosted its holdings in Powell Industries by 100.0% in the 4th quarter. Prestige Wealth Management Group LLC now owns 200 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 89.77% of the company's stock.

Powell Industries Stock Down 1.7%

Shares of POWL stock traded down $2.83 during mid-day trading on Friday, reaching $167.57. The stock had a trading volume of 71,316 shares, compared to its average volume of 425,473. Powell Industries, Inc. has a one year low of $127.01 and a one year high of $364.98. The firm has a market cap of $2.02 billion, a PE ratio of 12.74, a P/E/G ratio of 0.98 and a beta of 0.78. The firm's 50 day simple moving average is $177.81 and its 200 day simple moving average is $213.73.

Powell Industries (NASDAQ:POWL - Get Free Report) last issued its earnings results on Tuesday, May 6th. The industrial products company reported $3.81 EPS 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 firm had revenue of $278.63 million during the quarter, compared to analysts' expectations of $282.68 million. During the same period last year, the business earned $2.75 earnings per share. Powell Industries's quarterly revenue was up 9.2% compared to the same quarter last year. Sell-side analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Wednesday, May 21st. Powell Industries's payout ratio is 7.52%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Powell Industries from a "hold" rating to a "buy" rating in a report 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.