Bank of Montreal Can decreased its stake in Powell Industries, Inc. (NASDAQ:POWL) by 4.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,202 shares of the industrial products company’s stock after selling 165 shares during the period. Bank of Montreal Can’s holdings in Powell Industries were worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of POWL. US Bancorp DE increased its stake in shares of Powell Industries by 0.3% in the first quarter. US Bancorp DE now owns 8,067 shares of the industrial products company’s stock valued at $278,000 after buying an additional 28 shares during the period. State of Tennessee Treasury Department increased its stake in shares of Powell Industries by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 8,685 shares of the industrial products company’s stock valued at $299,000 after buying an additional 1,311 shares during the period. Comerica Bank increased its stake in shares of Powell Industries by 3.2% in the first quarter. Comerica Bank now owns 9,434 shares of the industrial products company’s stock valued at $334,000 after buying an additional 296 shares during the period. OppenheimerFunds Inc. increased its stake in shares of Powell Industries by 32.4% in the first quarter. OppenheimerFunds Inc. now owns 11,934 shares of the industrial products company’s stock valued at $411,000 after buying an additional 2,917 shares during the period. Finally, Great West Life Assurance Co. Can increased its stake in shares of Powell Industries by 13.7% in the first quarter. Great West Life Assurance Co. Can now owns 12,806 shares of the industrial products company’s stock valued at $440,000 after buying an additional 1,545 shares during the period. 63.83% of the stock is owned by institutional investors.

Separately, BidaskClub raised Powell Industries from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 25th.

Shares of Powell Industries, Inc. (NASDAQ:POWL) traded up 0.39% during midday trading on Tuesday, hitting $28.11. The stock had a trading volume of 10,906 shares. The stock has a market cap of $321.24 million, a price-to-earnings ratio of 275.59 and a beta of 0.83. The firm’s 50-day moving average price is $30.29 and its 200-day moving average price is $32.42. Powell Industries, Inc. has a 1-year low of $26.76 and a 1-year high of $47.24.

Powell Industries (NASDAQ:POWL) last released its earnings results on Tuesday, August 8th. The industrial products company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.22). Powell Industries had a net margin of 0.27% and a return on equity of 0.71%. The company had revenue of $85.90 million during the quarter, compared to the consensus estimate of $104.45 million. During the same period last year, the firm posted $0.47 EPS. The company’s revenue was down 35.5% on a year-over-year basis. Analysts forecast that Powell Industries, Inc. will post ($0.52) earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Monday, August 21st. Powell Industries’s dividend payout ratio (DPR) is presently 1,040.10%.

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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.

Institutional Ownership by Quarter for Powell Industries (NASDAQ:POWL)

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