2 weeks Ago By Defense World Staff
Bank of Montreal Can lifted its position in Powell Industries, Inc. ( NASDAQ:POWL – Free Report ) by 46.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC.
The firm owned 1,988 shares of the industrial products company’s stock after purchasing an additional 628 shares during the period. Bank of Montreal Can’s holdings in Powell Industries were worth $441,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also recently made changes to their positions in the company.
Principal Securities Inc. purchased a new position in Powell Industries in the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC raised its position in Powell Industries by 455.
2% during the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 132 shares in the last quarter. Blue Trust Inc.
purchased a new position in Powell Industries in the fourth quarter valued at $40,000. Tucker Asset Management LLC acquired a new stake in Powell Industries in the fourth quarter valued at approximately $43,000. Finally, Prestige Wealth Management Group LLC grew its position in shares of Powell Industries by 100.
0% in the fourth quarter. Prestige Wealth Management Group LLC now owns 200 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 100 shares during the period. 89.
77% of the stock is currently owned by institutional investors. Analyst Ratings Changes Separately, StockNews.com upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th.
Powell Industries Price Performance NASDAQ:POWL opened at $165.85 on Wednesday. The firm has a market capitalization of $2.
00 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 0.98 and a beta of 0.
67. Powell Industries, Inc. has a 1-year low of $127.
01 and a 1-year high of $364.98. The company’s 50-day moving average is $175.
05 and its two-hundred day moving average is $231.02. Powell Industries ( NASDAQ:POWL – Get Free Report ) last announced its earnings results on Thursday, February 6th.
The industrial products company reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.
03. Powell Industries had a return on equity of 35.48% and a net margin of 15.
15%. As a group, equities analysts anticipate that Powell Industries, Inc. will post 13.
71 earnings per share for the current fiscal year. Powell Industries Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th were paid a $0.
2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.
65%. The ex-dividend date of this dividend was Wednesday, February 19th. This is a boost from Powell Industries’s previous quarterly dividend of $0.
27. Powell Industries’s dividend payout ratio (DPR) is presently 8.12%.
About Powell Industries ( Free Report ) 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. Read More Five stocks we like better than Powell Industries Stock Trading Terms – Stock Terms Every Investor Needs to Know How to Invest in Micro-Cap Stocks Like a Pro 3 Must-Buy Warren Buffett Stocks for Volatile Times Investors Sell Microsoft Stock on OpenAI News—Time to Buy? Trading Halts Explained Take-Two Interactive: A Defensive Play Set to Explode Want to see what other hedge funds are holding POWL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Powell Industries, Inc. ( NASDAQ:POWL – Free Report ). Receive News & Ratings for Powell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Powell Industries and related companies with MarketBeat.
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