Royce & Associates LP maintained its position in shares of Powell Industries, Inc. (NASDAQ:POWL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,900 shares of the industrial products company’s stock at the end of the first quarter. Royce & Associates LP’s holdings in Powell Industries were worth $3,992,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Powell Industries during the fourth quarter valued at approximately $6,899,000. State Street Corp increased its position in shares of Powell Industries by 7.8% in the fourth quarter. State Street Corp now owns 193,553 shares of the industrial products company’s stock valued at $7,552,000 after buying an additional 14,051 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Powell Industries by 13.8% in the fourth quarter. Renaissance Technologies LLC now owns 241,100 shares of the industrial products company’s stock valued at $9,403,000 after buying an additional 29,200 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Powell Industries by 8.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 682,274 shares of the industrial products company’s stock valued at $26,609,000 after buying an additional 53,239 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of Powell Industries during the fourth quarter valued at approximately $894,000. Institutional investors and hedge funds own 64.09% of the company’s stock.
Powell Industries, Inc. (NASDAQ POWL) opened at 31.57 on Friday. The firm’s 50-day moving average is $33.27 and its 200 day moving average is $35.45. The firm has a market capitalization of $360.78 million, a P/E ratio of 38.98 and a beta of 0.82. Powell Industries, Inc. has a 12 month low of $30.49 and a 12 month high of $47.24.
Powell Industries (NASDAQ:POWL) last released its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.16. Powell Industries had a net margin of 1.94% and a return on equity of 3.31%. The firm had revenue of $104.68 million for the quarter. On average, analysts expect that Powell Industries, Inc. will post ($0.26) EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Shareholders of record on Wednesday, May 17th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend was Monday, May 15th. Powell Industries’s payout ratio is 128.40%.
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.
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