2 weeks Ago By ABMN Staff
Legal & General Group Plc reduced its position in shares of Powell Industries, Inc. ( NASDAQ:POWL – Free Report ) by 3.6% during the 4th quarter, HoldingsChannel.
com reports. The fund owned 26,273 shares of the industrial products company’s stock after selling 973 shares during the quarter. Legal & General Group Plc’s holdings in Powell Industries were worth $5,823,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in shares of Powell Industries during the fourth quarter worth $26,000.
Smartleaf Asset Management LLC grew its position in shares of Powell Industries by 455.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company’s stock valued at $37,000 after buying an additional 132 shares during the last quarter.
Blue Trust Inc. acquired a new stake in Powell Industries during the fourth quarter worth about $40,000. Tucker Asset Management LLC bought a new position in Powell Industries in the fourth quarter worth about $43,000.
Finally, Prestige Wealth Management Group LLC lifted its holdings in 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 worth $44,000 after acquiring an additional 100 shares during the last quarter.
89.77% of the stock is currently owned by institutional investors. Powell Industries Stock Performance Powell Industries stock opened at $167.
24 on Monday. Powell Industries, Inc. has a one year low of $127.
01 and a one year high of $364.98. The company has a 50-day simple moving average of $177.
01 and a 200-day simple moving average of $232.06. The firm has a market capitalization of $2.
02 billion, a P/E ratio of 12.70, a P/E/G ratio of 0.98 and a beta of 0.
67. Powell Industries Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th were given a $0.
2675 dividend. This is a boost from Powell Industries’s previous quarterly dividend of $0.27.
This represents a $1.07 annualized dividend and a yield of 0.64%.
The ex-dividend date of this dividend was Wednesday, February 19th. Powell Industries’s dividend payout ratio (DPR) is currently 8.12%.
Wall Street Analysts Forecast Growth Separately, StockNews.com upgraded Powell Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th. Check Out Our Latest Stock Report on POWL Powell Industries Company Profile ( 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. Further Reading 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.com's FREE daily email newsletter .
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