Powell Industries, Inc. (NASDAQ:POWL) Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. lifted its position in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,631 shares of the industrial products company's stock after acquiring an additional 4,796 shares during the quarter. Baird Financial Group Inc. owned 0.48% of Powell Industries worth $12,774,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Benjamin Edwards Inc. bought a new stake in shares of Powell Industries during the 4th quarter valued at about $655,000. BNP Paribas Financial Markets grew its holdings in shares of 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 valued at $18,135,000 after purchasing an additional 72,686 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Powell Industries by 28.1% during the fourth quarter. Ameriprise Financial Inc. now owns 45,215 shares of the industrial products company's stock valued at $10,022,000 after purchasing an additional 9,923 shares during the last quarter. Algert Global LLC raised its position in shares of Powell Industries by 9.4% during the 4th quarter. Algert Global LLC now owns 21,044 shares of the industrial products company's stock worth $4,664,000 after purchasing an additional 1,800 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Powell Industries by 15.2% in the 4th quarter. AQR Capital Management LLC now owns 62,314 shares of the industrial products company's stock worth $13,812,000 after purchasing an additional 8,216 shares during the last quarter. 89.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Powell Industries Trading Down 8.0 %

Shares of NASDAQ:POWL opened at $174.88 on Thursday. The firm's 50 day moving average is $174.98 and its two-hundred day moving average is $225.42. The firm has a market capitalization of $2.11 billion, a P/E ratio of 13.28, 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 announced its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $3.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.34 by $0.47. The company had revenue of $278.63 million during 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 firm's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.75 EPS. Analysts predict that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be given 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 dividend yield of 0.61%. Powell Industries's dividend payout ratio (DPR) is 8.12%.

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.

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