Gotham Asset Management LLC Has $4.41 Million Stake in Powell Industries, Inc. (NASDAQ:POWL)

Gotham Asset Management LLC decreased its holdings in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 7.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,885 shares of the industrial products company's stock after selling 1,565 shares during the period. Gotham Asset Management LLC owned about 0.16% of Powell Industries worth $4,408,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

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

Powell Industries Stock Down 0.1%

Powell Industries stock traded down $0.15 during mid-day trading on Tuesday, reaching $182.41. The company had a trading volume of 28,738 shares, compared to its average volume of 430,945. The company has a 50 day moving average of $178.63 and a 200-day moving average of $220.52. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 0.98 and a beta of 0.78. Powell Industries, Inc. has a 52 week low of $127.01 and a 52 week high of $364.98.

Powell Industries (NASDAQ:POWL - Get Free Report) last released 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. 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 the consensus estimate of $282.68 million. During the same period last year, the business earned $2.75 earnings per share. The firm's revenue for the quarter was up 9.2% compared to the same quarter last year. On average, analysts predict that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be paid 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 0.59%. Powell Industries's dividend payout ratio is currently 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.