Powell Industries, Inc. (NASDAQ:POWL) Stock Holdings Lessened by Royce & Associates LP

Royce & Associates LP lowered its stake in Powell Industries, Inc. (NASDAQ:POWL – Get Rating) by 5.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 89,777 shares of the industrial products company’s stock after selling 4,975 shares during the period. Royce & Associates LP’s holdings in Powell Industries were worth $1,743,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its holdings in shares of Powell Industries by 67.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,700 shares of the industrial products company’s stock valued at $320,000 after buying an additional 4,300 shares in the last quarter. GSA Capital Partners LLP increased its holdings in shares of Powell Industries by 20.0% in the fourth quarter. GSA Capital Partners LLP now owns 36,535 shares of the industrial products company’s stock valued at $1,077,000 after buying an additional 6,101 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Powell Industries in the fourth quarter valued at $224,000. Yousif Capital Management LLC bought a new position in shares of Powell Industries in the fourth quarter valued at $242,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Powell Industries by 21.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 59,351 shares of the industrial products company’s stock valued at $1,750,000 after buying an additional 10,360 shares in the last quarter. Institutional investors own 88.31% of the company’s stock.

Powell Industries Stock Down 1.0 %

Shares of NASDAQ:POWL opened at $25.89 on Friday. The company’s fifty day moving average is $24.63 and its two-hundred day moving average is $23.51. Powell Industries, Inc. has a 12-month low of $18.81 and a 12-month high of $31.81. The company has a market cap of $305.01 million, a P/E ratio of 36.99 and a beta of 1.16.

Powell Industries (NASDAQ:POWL – Get Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The industrial products company reported ($0.10) earnings per share for the quarter. Powell Industries had a return on equity of 2.79% and a net margin of 1.65%. The company had revenue of $127.85 million during the quarter.

Powell Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 21st. Stockholders of record on Wednesday, August 17th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Tuesday, August 16th. Powell Industries’s dividend payout ratio (DPR) is presently 148.57%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on POWL. Sidoti downgraded shares of Powell Industries from a “buy” rating to a “neutral” rating in a research note on Friday, June 10th. StockNews.com raised shares of Powell Industries from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

About Powell Industries

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Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy. 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, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.