Legal & General Group Plc lifted its holdings in Powell Industries, Inc. (NASDAQ:POWL) by 8.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,875 shares of the industrial products company’s stock after purchasing an additional 1,280 shares during the quarter. Legal & General Group Plc owned about 0.14% of Powell Industries worth $508,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of POWL. JPMorgan Chase & Co. grew its position in shares of Powell Industries by 22.5% in the 1st quarter. JPMorgan Chase & Co. now owns 365,708 shares of the industrial products company’s stock valued at $12,595,000 after purchasing an additional 67,078 shares during the period. Kennedy Capital Management Inc. grew its position in shares of Powell Industries by 98.0% in the 1st quarter. Kennedy Capital Management Inc. now owns 98,989 shares of the industrial products company’s stock valued at $3,409,000 after purchasing an additional 48,989 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Powell Industries by 6.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 727,897 shares of the industrial products company’s stock valued at $25,068,000 after purchasing an additional 45,623 shares during the period. Systematic Financial Management LP acquired a new position in shares of Powell Industries in the 1st quarter valued at approximately $1,394,000. Finally, AQR Capital Management LLC grew its position in shares of Powell Industries by 104.4% in the 1st quarter. AQR Capital Management LLC now owns 78,248 shares of the industrial products company’s stock valued at $2,695,000 after purchasing an additional 39,967 shares during the period. Institutional investors and hedge funds own 63.83% of the company’s stock.

Separately, BidaskClub upgraded Powell Industries from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th.

Powell Industries, Inc. (NASDAQ:POWL) opened at 29.76 on Friday. Powell Industries, Inc. has a 12 month low of $26.76 and a 12 month high of $47.24. The firm has a market capitalization of $340.10 million, a price-to-earnings ratio of 291.76 and a beta of 0.84. The company has a 50 day moving average price of $28.76 and a 200 day moving average price of $31.88.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings data on Tuesday, August 8th. The industrial products company reported ($0.28) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.22). Powell Industries had a net margin of 0.27% and a return on equity of 0.71%. The firm had revenue of $85.90 million during the quarter, compared to analyst estimates of $104.45 million. During the same period last year, the business posted $0.47 EPS. The company’s revenue was down 35.5% on a year-over-year basis. Analysts anticipate that Powell Industries, Inc. will post ($0.52) earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.04 dividend on an annualized basis and a yield of 3.50%. Powell Industries’s dividend payout ratio (DPR) is presently 1,040.10%.

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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.

Institutional Ownership by Quarter for Powell Industries (NASDAQ:POWL)

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