Powell Industries, Inc. (POWL) Holdings Cut by Systematic Financial Management LP
Systematic Financial Management LP lessened its position in Powell Industries, Inc. (NASDAQ:POWL) by 4.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,690 shares of the industrial products company’s stock after selling 1,790 shares during the period. Systematic Financial Management LP owned 0.34% of Powell Industries worth $1,238,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. US Bancorp DE grew its holdings in Powell Industries by 0.3% in the 1st quarter. US Bancorp DE now owns 8,067 shares of the industrial products company’s stock worth $278,000 after acquiring an additional 28 shares during the last quarter. Texas Permanent School Fund grew its holdings in Powell Industries by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 6,258 shares of the industrial products company’s stock worth $200,000 after acquiring an additional 61 shares during the last quarter. Prudential Financial Inc. grew its holdings in Powell Industries by 0.7% in the 1st quarter. Prudential Financial Inc. now owns 14,797 shares of the industrial products company’s stock worth $510,000 after acquiring an additional 100 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Powell Industries by 2.3% in the 2nd quarter. Wells Fargo & Company MN now owns 6,736 shares of the industrial products company’s stock worth $216,000 after acquiring an additional 150 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Powell Industries by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 36,118 shares of the industrial products company’s stock worth $1,156,000 after acquiring an additional 228 shares during the last quarter. 63.83% of the stock is currently owned by institutional investors and hedge funds.
Separately, BidaskClub raised shares of Powell Industries from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 25th.
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Shares of Powell Industries, Inc. (POWL) opened at 29.14 on Wednesday. The company has a market cap of $333.01 million, a price-to-earnings ratio of 285.69 and a beta of 0.83. The stock’s 50 day moving average is $29.56 and its 200-day moving average is $32.18. Powell Industries, Inc. has a 52 week low of $26.76 and a 52 week high of $47.24.
Powell Industries (NASDAQ:POWL) last announced its earnings results on Tuesday, August 8th. The industrial products company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.22). Powell Industries had a net margin of 0.27% and a return on equity of 0.71%. The firm had revenue of $85.90 million during the quarter, compared to analysts’ expectations of $104.45 million. During the same period in the prior year, the company posted $0.47 EPS. The company’s revenue was down 35.5% compared to the same quarter last year. On average, equities analysts anticipate that Powell Industries, Inc. will post ($0.52) earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend was Monday, August 21st. Powell Industries’s dividend payout ratio is currently 1,040.10%.
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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