AMG National Trust Bank raised its holdings in Powell Industries, Inc. (NASDAQ:POWL) by 36.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,452 shares of the industrial products company’s stock after buying an additional 5,733 shares during the period. AMG National Trust Bank owned approximately 0.19% of Powell Industries worth $686,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Heartland Advisors Inc. raised its stake in Powell Industries by 93.4% during the 2nd quarter. Heartland Advisors Inc. now owns 299,501 shares of the industrial products company’s stock worth $9,581,000 after acquiring an additional 144,653 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Powell Industries by 22.5% in the first quarter. JPMorgan Chase & Co. now owns 365,708 shares of the industrial products company’s stock valued at $12,595,000 after acquiring an additional 67,078 shares in the last quarter. Kennedy Capital Management Inc. boosted its holdings in shares of Powell Industries by 98.0% in the first quarter. Kennedy Capital Management Inc. now owns 98,989 shares of the industrial products company’s stock valued at $3,409,000 after acquiring an additional 48,989 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Powell Industries by 6.7% in the first quarter. Dimensional Fund Advisors LP now owns 727,897 shares of the industrial products company’s stock valued at $25,068,000 after acquiring an additional 45,623 shares in the last quarter. Finally, Systematic Financial Management LP purchased a new stake in shares of Powell Industries in the first quarter valued at about $1,394,000. 63.83% of the stock is owned by institutional investors.
Separately, BidaskClub downgraded shares of Powell Industries from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd.
Shares of Powell Industries, Inc. (POWL) opened at 28.90 on Friday. Powell Industries, Inc. has a one year low of $26.76 and a one year high of $47.24. The firm has a 50 day moving average of $29.56 and a 200 day moving average of $32.18. The stock has a market cap of $330.27 million, a P/E ratio of 283.33 and a beta of 0.83.
Powell Industries (NASDAQ:POWL) last issued its quarterly earnings data on Tuesday, August 8th. The industrial products company reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $85.90 million during the quarter, compared to analyst estimates of $104.45 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Powell Industries’s revenue for the quarter was down 35.5% compared to the same quarter last year. On average, equities research analysts predict that Powell Industries, Inc. will post ($0.52) EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Monday, August 21st. Powell Industries’s dividend payout ratio (DPR) is currently 1,040.10%.
Powell Industries Company Profile
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.
Receive News & Ratings for Powell Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Powell Industries Inc. and related companies with our FREE daily email newsletter.