Jackson Creek Investment Advisors LLC Reduces Stake in Powell Industries, Inc. (NASDAQ:POWL)

Jackson Creek Investment Advisors LLC cut its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL) by 40.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,674 shares of the industrial products company’s stock after selling 3,145 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Powell Industries were worth $1,036,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Securities Inc. purchased a new position in Powell Industries during the 4th quarter valued at $26,000. Hollencrest Capital Management bought a new stake in shares of Powell Industries during the 3rd quarter valued at about $30,000. Quest Partners LLC purchased a new position in shares of Powell Industries during the third quarter valued at about $35,000. Smartleaf Asset Management LLC raised its stake in Powell Industries by 455.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company’s stock worth $37,000 after buying an additional 132 shares in the last quarter. Finally, Blue Trust Inc. purchased a new stake in Powell Industries in the fourth quarter worth about $40,000. Institutional investors own 89.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on POWL shares. Roth Mkm assumed coverage on Powell Industries in a research report on Wednesday, December 11th. They issued a “buy” rating and a $312.00 target price for the company. StockNews.com downgraded Powell Industries from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Roth Capital raised Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th.

Powell Industries Stock Performance

Shares of POWL opened at $162.86 on Friday. Powell Industries, Inc. has a fifty-two week low of $122.00 and a fifty-two week high of $364.98. The firm’s 50-day simple moving average is $222.93 and its two-hundred day simple moving average is $233.99. The stock has a market cap of $1.96 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 0.98 and a beta of 0.83.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.03. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. Equities research analysts predict that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th will be given a $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Wednesday, February 19th. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s payout ratio is currently 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.