UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 4,489 Shares of Powell Industries, Inc. (NASDAQ:POWL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 19.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,112 shares of the industrial products company's stock after acquiring an additional 4,489 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.22% of Powell Industries worth $6,009,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in POWL. Principal Securities Inc. bought a new position in Powell Industries during the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC increased its holdings in shares of Powell Industries by 455.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company's stock worth $37,000 after buying an additional 132 shares in the last quarter. GeoWealth Management LLC raised its stake in shares of Powell Industries by 123.8% in the fourth quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 99 shares during the last quarter. Blue Trust Inc. bought a new position in shares of Powell Industries in the fourth quarter valued at approximately $40,000. Finally, Tucker Asset Management LLC acquired a new position in shares of Powell Industries in the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 89.77% of the company's stock.

Powell Industries Stock Performance

NASDAQ:POWL traded up $4.44 during mid-day trading on Thursday, hitting $181.87. The company had a trading volume of 160,920 shares, compared to its average volume of 423,129. The firm has a market cap of $2.19 billion, a P/E ratio of 13.78, a P/E/G ratio of 0.98 and a beta of 0.78. The business's fifty day moving average is $176.87 and its two-hundred day moving average is $209.95. Powell Industries, Inc. has a fifty-two week low of $127.01 and a fifty-two week high of $364.98.

Powell Industries (NASDAQ:POWL - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $3.81 earnings per share for the quarter, beating 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 business had revenue of $278.63 million for the quarter, compared to analysts' expectations of $282.68 million. During the same quarter in the previous year, the business posted $2.75 EPS. Powell Industries's revenue for the quarter was up 9.2% on a year-over-year basis. Equities analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders 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 yield of 0.59%. The ex-dividend date is Wednesday, May 21st. Powell Industries's dividend payout ratio (DPR) is presently 7.52%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised 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.