Tower Research Capital LLC TRC Has $316,000 Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Tower Research Capital LLC TRC raised its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 4,353.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,425 shares of the industrial products company's stock after buying an additional 1,393 shares during the quarter. Tower Research Capital LLC TRC's holdings in Powell Industries were worth $316,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of POWL. Barclays PLC lifted its holdings in shares of 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. World Investment Advisors LLC acquired a new position in shares of Powell Industries during the third quarter worth approximately $2,366,000. Franklin Resources Inc. lifted its holdings in shares of Powell Industries by 2.5% during the third quarter. Franklin Resources Inc. now owns 20,098 shares of the industrial products company's stock worth $4,462,000 after buying an additional 497 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Powell Industries in the third quarter valued at $1,361,000. Finally, Principal Financial Group Inc. raised its stake in shares of Powell Industries by 5.7% in the third quarter. Principal Financial Group Inc. now owns 51,507 shares of the industrial products company's stock valued at $11,434,000 after purchasing an additional 2,793 shares in the last quarter. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Powell Industries Trading Up 4.4 %

Shares of NASDAQ POWL opened at $191.13 on Friday. The business has a fifty day simple moving average of $173.56 and a 200 day simple moving average of $227.78. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 0.98 and a beta of 0.67. Powell Industries, Inc. has a one year low of $127.01 and a one year high of $364.98.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, beating analysts' consensus estimates of $2.83 by $0.03. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. On average, research analysts anticipate that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th were given a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 0.56%. This is a boost from Powell Industries's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, February 19th. Powell Industries's dividend payout ratio is 8.12%.

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.

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