Trek Financial LLC Sells 392 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Trek Financial LLC cut its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL) by 22.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,347 shares of the industrial products company’s stock after selling 392 shares during the period. Trek Financial LLC’s holdings in Powell Industries were worth $299,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Principal Securities Inc. bought a new stake in Powell Industries during the fourth quarter worth about $26,000. Smartleaf Asset Management LLC increased its position in shares of Powell Industries by 455.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 132 shares during the last quarter. Blue Trust Inc. bought a new stake in shares of Powell Industries during the 4th quarter worth approximately $40,000. Tucker Asset Management LLC bought a new stake in shares of Powell Industries during the 4th quarter worth approximately $43,000. Finally, Prestige Wealth Management Group LLC boosted its holdings in shares of Powell Industries by 100.0% in the 4th 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 and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Roth Capital upgraded Powell Industries to a “strong-buy” rating in a report on Tuesday, December 10th. Roth Mkm began coverage on Powell Industries in a report on Wednesday, December 11th. They set a “buy” rating and a $312.00 target price on the stock. Finally, StockNews.com raised Powell Industries from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th.

Powell Industries Stock Up 2.7 %

Powell Industries stock opened at $168.81 on Tuesday. The company’s 50-day moving average price is $190.73 and its two-hundred day moving average price is $235.91. The stock has a market cap of $2.04 billion, a P/E ratio of 12.82, a P/E/G ratio of 0.98 and a beta of 0.67. Powell Industries, Inc. has a twelve month low of $122.00 and a twelve month high of $364.98.

Powell Industries (NASDAQ:POWL) last announced its earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.03. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. Equities analysts anticipate that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th were given a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Wednesday, February 19th. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s payout ratio is presently 8.12%.

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.