Powell Industries, Inc. (POWL) Shares Bought by Vanguard Group Inc.
Vanguard Group Inc. raised its position in shares of Powell Industries, Inc. (NASDAQ:POWL) by 8.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 459,633 shares of the industrial products company’s stock after buying an additional 37,129 shares during the period. Vanguard Group Inc. owned approximately 4.03% of Powell Industries worth $15,829,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in POWL. US Bancorp DE increased its position in shares of Powell Industries by 0.3% in the first quarter. US Bancorp DE now owns 8,067 shares of the industrial products company’s stock worth $278,000 after buying an additional 28 shares during the period. State of Tennessee Treasury Department increased its position in shares of Powell Industries by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 8,685 shares of the industrial products company’s stock worth $299,000 after buying an additional 1,311 shares during the period. Comerica Bank increased its position in shares of Powell Industries by 3.2% in the first quarter. Comerica Bank now owns 9,434 shares of the industrial products company’s stock worth $334,000 after buying an additional 296 shares during the period. OppenheimerFunds Inc. increased its position in shares of Powell Industries by 32.4% in the first quarter. OppenheimerFunds Inc. now owns 11,934 shares of the industrial products company’s stock worth $411,000 after buying an additional 2,917 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in shares of Powell Industries by 13.7% in the first quarter. Great West Life Assurance Co. Can now owns 12,806 shares of the industrial products company’s stock worth $440,000 after buying an additional 1,545 shares during the period. 65.25% of the stock is owned by hedge funds and other institutional investors.
Shares of Powell Industries, Inc. (NASDAQ:POWL) traded up 2.14% during trading on Friday, reaching $28.13. The company had a trading volume of 59,759 shares. The company has a market capitalization of $321.47 million, a P/E ratio of 275.78 and a beta of 0.83. The firm has a 50-day moving average price of $31.54 and a 200-day moving average price of $32.89. Powell Industries, Inc. has a 52-week low of $26.76 and a 52-week high of $47.24.
Powell Industries (NASDAQ:POWL) last posted its quarterly earnings results on Tuesday, August 8th. The industrial products company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.06) by $0.22. The firm had revenue of $85.90 million during the quarter, compared to analyst estimates of $104.45 million. Powell Industries had a net margin of 0.27% and a return on equity of 0.71%. The company’s revenue was down 35.5% on a year-over-year basis. During the same period last year, the company earned $0.47 EPS. On average, analysts predict that Powell Industries, Inc. will post ($0.46) EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd will be issued a $0.26 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $1.04 annualized dividend and a yield of 3.70%. Powell Industries’s dividend payout ratio (DPR) is 1,040.10%.
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Separately, BidaskClub downgraded Powell Industries from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd.
About Powell Industries
Powell Industries, Inc develops design, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy designed to distribute, control and monitor the flow of electrical energy, and provide protection to motors, transformers and other electrically powered equipment.
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