Powell Industries, Inc. (NASDAQ:POWL) Shares Sold by Horizon Investment Services LLC

Horizon Investment Services LLC decreased its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 2.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,310 shares of the industrial products company’s stock after selling 193 shares during the period. Horizon Investment Services LLC’s holdings in Powell Industries were worth $1,620,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of POWL. Sei Investments Co. lifted its stake in Powell Industries by 3.1% in the fourth quarter. Sei Investments Co. now owns 2,849 shares of the industrial products company’s stock worth $631,000 after acquiring an additional 85 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Powell Industries by 10.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 979 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 90 shares in the last quarter. Prestige Wealth Management Group LLC lifted its position in shares of Powell Industries by 100.0% during the 4th quarter. Prestige Wealth Management Group LLC now owns 200 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 100 shares during the last quarter. Swiss National Bank grew its stake in shares of Powell Industries by 0.5% during the fourth quarter. Swiss National Bank now owns 18,800 shares of the industrial products company’s stock worth $4,167,000 after purchasing an additional 100 shares in the last quarter. Finally, KBC Group NV increased its holdings in Powell Industries by 35.1% in the fourth quarter. KBC Group NV now owns 435 shares of the industrial products company’s stock valued at $96,000 after buying an additional 113 shares during the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

Powell Industries Price Performance

NASDAQ POWL opened at $176.72 on Friday. The company has a fifty day moving average of $203.86 and a two-hundred day moving average of $235.01. The company has a market capitalization of $2.13 billion, a PE ratio of 13.42, a P/E/G ratio of 0.98 and a beta of 0.83. Powell Industries, Inc. has a 1 year low of $122.00 and a 1 year high of $364.98.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, topping the consensus estimate of $2.83 by $0.03. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. On average, research analysts expect that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Increases Dividend

The firm also recently declared 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 an increase from Powell Industries’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $1.07 annualized dividend and a yield of 0.61%. Powell Industries’s dividend payout ratio is 8.12%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on POWL shares. StockNews.com upgraded Powell Industries from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th. Roth Mkm assumed coverage on shares of Powell Industries in a research note on Wednesday, December 11th. They issued a “buy” rating and a $312.00 price target on the stock. Finally, Roth Capital raised shares of Powell Industries to a “strong-buy” rating in a report on Tuesday, December 10th.

About Powell Industries

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.