Powell Industries, Inc. (NASDAQ:POWL) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its position in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 22.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,537 shares of the industrial products company's stock after selling 1,608 shares during the quarter. Voya Investment Management LLC's holdings in Powell Industries were worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC increased its stake in shares of Powell Industries by 198.1% in the 3rd quarter. Barclays PLC now owns 60,969 shares of the industrial products company's stock worth $13,536,000 after purchasing an additional 40,515 shares in the last quarter. Franklin Resources Inc. increased its position in Powell Industries by 2.5% in 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 in the last quarter. 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 worth $11,434,000 after buying an additional 2,793 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Powell Industries by 101.5% during 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 increased its holdings in Powell Industries by 3.1% in the 4th quarter. Nordea Investment Management AB now owns 6,170 shares of the industrial products company's stock worth $1,389,000 after acquiring an additional 188 shares in the last quarter. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

Powell Industries Stock Down 1.8 %

NASDAQ POWL traded down $3.19 during trading hours on Friday, reaching $174.77. The company's stock had a trading volume of 422,523 shares, compared to its average volume of 430,137. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 0.98 and a beta of 0.78. Powell Industries, Inc. has a 1 year low of $127.01 and a 1 year high of $364.98. The firm's 50-day moving average price is $175.42 and its 200-day moving average price is $224.72.

Powell Industries (NASDAQ:POWL - Get Free Report) last posted its earnings results 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. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. The firm had revenue of $278.63 million during the quarter, compared to the consensus estimate of $282.68 million. During the same period in the prior year, the company earned $2.75 EPS. The company's quarterly revenue was up 9.2% compared to the same quarter last year. Equities research analysts anticipate that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be given a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Wednesday, May 21st. Powell Industries's payout ratio is currently 8.12%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Powell Industries from a "hold" rating to a "buy" rating in a research note 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.