Jacobs Levy Equity Management Inc. Sells 3,284 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Jacobs Levy Equity Management Inc. cut its position in shares of Powell Industries, Inc. (NASDAQ:POWL) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,783 shares of the industrial products company’s stock after selling 3,284 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.47% of Powell Industries worth $12,586,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Sei Investments Co. boosted its position in shares of Powell Industries by 3.1% during the fourth quarter. Sei Investments Co. now owns 2,849 shares of the industrial products company’s stock valued at $631,000 after purchasing an additional 85 shares in the last quarter. Freedom Investment Management Inc. boosted its position in shares of Powell Industries by 3.7% during the fourth quarter. Freedom Investment Management Inc. now owns 2,421 shares of the industrial products company’s stock valued at $537,000 after purchasing an additional 87 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Powell Industries by 10.1% during the fourth 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. GeoWealth Management LLC raised its stake in Powell Industries by 123.8% during the fourth quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company’s stock valued at $40,000 after buying an additional 99 shares during the last quarter. Finally, Prestige Wealth Management Group LLC raised its stake in Powell Industries by 100.0% during the fourth quarter. Prestige Wealth Management Group LLC now owns 200 shares of the industrial products company’s stock valued at $44,000 after buying an additional 100 shares during the last quarter. 89.77% of the stock is currently owned by institutional investors.

Powell Industries Trading Up 7.5%

Shares of NASDAQ:POWL opened at $187.90 on Tuesday. The stock has a fifty day simple moving average of $176.35 and a two-hundred day simple moving average of $223.22. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 0.98 and a beta of 0.78. Powell Industries, Inc. has a 12-month low of $127.01 and a 12-month high of $364.98.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $3.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.34 by $0.47. The business had revenue of $278.63 million during the quarter, compared to analysts’ expectations of $282.68 million. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.75 earnings per share. As a group, equities research analysts predict that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be paid a $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Wednesday, May 21st. Powell Industries’s dividend payout ratio is currently 7.52%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Powell Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th.

Powell Industries Profile

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.