6 days Ago By ABMN Staff
Geode Capital Management LLC decreased its position in shares of Powell Industries, Inc. ( NASDAQ:POWL – Free Report ) by 12.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 224,258 shares of the industrial products company’s stock after selling 32,791 shares during the quarter. Geode Capital Management LLC’s holdings in Powell Industries were worth $49,719,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also modified their holdings of the company.
Vanguard Group Inc. boosted its position in Powell Industries by 3.8% during the fourth quarter.
Vanguard Group Inc. now owns 688,058 shares of the industrial products company’s stock worth $152,508,000 after purchasing an additional 24,997 shares in the last quarter. State Street Corp raised its stake in shares of Powell Industries by 0.
9% during the 3rd quarter. State Street Corp now owns 362,717 shares of the industrial products company’s stock worth $80,520,000 after buying an additional 3,403 shares during the last quarter. American Century Companies Inc.
boosted its position in shares of Powell Industries by 8.3% in the 4th quarter. American Century Companies Inc.
now owns 351,750 shares of the industrial products company’s stock worth $77,965,000 after buying an additional 27,029 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Powell Industries in the 4th quarter valued at about $22,556,000.
Finally, Charles Schwab Investment Management Inc. increased its holdings in Powell Industries by 0.7% during the 4th quarter.
Charles Schwab Investment Management Inc. now owns 94,482 shares of the industrial products company’s stock valued at $20,942,000 after acquiring an additional 637 shares in the last quarter. Institutional investors and hedge funds own 89.
77% of the company’s stock. Analyst Upgrades and Downgrades 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 Stock Down 0.7 % POWL opened at $171.97 on Tuesday.
The firm has a market cap of $2.07 billion, a P/E ratio of 13.06, a PEG ratio of 0.
98 and a beta of 0.67. The business’s fifty day simple moving average is $181.
60 and its 200 day simple moving average is $233.73. Powell Industries, Inc.
has a 52 week low of $122.00 and a 52 week high of $364.98.
Powell Industries ( NASDAQ:POWL – Get Free Report ) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.
83 by $0.03. Powell Industries had a net margin of 15.
15% and a return on equity of 35.48%. As a group, equities analysts expect that Powell Industries, Inc.
will post 13.71 EPS for the current fiscal year. Powell Industries Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th.
Shareholders of record on Wednesday, February 19th were issued a $0.2675 dividend. The ex-dividend date of this dividend was Wednesday, February 19th.
This is an increase from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.
07 annualized dividend and a yield of 0.62%. Powell Industries’s payout ratio is 8.
12%. Powell Industries Profile ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding POWL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Powell Industries, Inc. ( NASDAQ:POWL – Free Report ).
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