Jacobs Levy Equity Management Inc. Has $12.59 Million Stake in Powell Industries, Inc. (NASDAQ:POWL)

Jacobs Levy Equity Management Inc. lessened its position in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,783 shares of the industrial products company's stock after selling 3,284 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.47% of Powell Industries worth $12,586,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Barclays PLC increased its position in Powell Industries by 198.1% during the third quarter. Barclays PLC now owns 60,969 shares of the industrial products company's stock worth $13,536,000 after buying an additional 40,515 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Powell Industries by 2.5% during the 3rd quarter. Franklin Resources Inc. now owns 20,098 shares of the industrial products company's stock worth $4,462,000 after acquiring an additional 497 shares during the last quarter. Principal Financial Group Inc. raised its stake in Powell Industries by 5.7% in the 3rd quarter. Principal Financial Group Inc. now owns 51,507 shares of the industrial products company's stock valued at $11,434,000 after acquiring an additional 2,793 shares during the period. JPMorgan Chase & Co. raised its stake in Powell Industries by 101.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 26,858 shares of the industrial products company's stock valued at $5,962,000 after acquiring an additional 13,531 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in Powell Industries by 3.1% during the 4th quarter. Nordea Investment Management AB now owns 6,170 shares of the industrial products company's stock valued at $1,389,000 after purchasing an additional 188 shares during the last quarter. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Powell Industries Trading Up 3.0%

Shares of NASDAQ:POWL traded up $5.41 during trading on Friday, reaching $183.17. 294,486 shares of the stock were exchanged, compared to its average volume of 431,815. Powell Industries, Inc. has a 12 month low of $127.01 and a 12 month high of $364.98. The stock has a 50-day moving average price of $177.93 and a 200-day moving average price of $222.20. The firm has a market cap of $2.21 billion, a PE ratio of 13.91, a PEG ratio of 0.98 and a beta of 0.78.

Powell Industries (NASDAQ:POWL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $3.81 EPS for the quarter, beating analysts' consensus estimates of $3.34 by $0.47. The firm had revenue of $278.63 million for the quarter, compared to analyst estimates of $282.68 million. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. The company's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.75 EPS. On average, sell-side analysts expect 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. Investors of record on Wednesday, May 21st will be paid a $0.2675 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $1.07 annualized dividend and a dividend yield of 0.58%. Powell Industries's dividend payout ratio (DPR) is presently 7.52%.

Analyst Ratings Changes

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

About Powell Industries

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.