National Bank of Canada FI Lowers Holdings in Powell Industries, Inc. (NASDAQ:POWL)

National Bank of Canada FI decreased its holdings in Powell Industries, Inc. (NASDAQ:POWL) by 14.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 415 shares of the industrial products company’s stock after selling 71 shares during the quarter. National Bank of Canada FI’s holdings in Powell Industries were worth $92,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of POWL. Principal Securities Inc. acquired a new position in Powell Industries during the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC raised its position in shares of Powell Industries by 455.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company’s stock worth $37,000 after buying an additional 132 shares during the period. Blue Trust Inc. acquired a new position in Powell Industries in the fourth quarter valued at $40,000. Tucker Asset Management LLC purchased a new stake in Powell Industries during the fourth quarter valued at about $43,000. Finally, Prestige Wealth Management Group LLC increased 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 worth $44,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

Powell Industries Stock Up 0.2 %

Powell Industries stock opened at $173.22 on Friday. The firm has a fifty day moving average of $183.05 and a 200-day moving average of $233.94. Powell Industries, Inc. has a 52-week low of $122.00 and a 52-week high of $364.98. The firm has a market capitalization of $2.09 billion, a P/E ratio of 13.15, a PEG ratio of 0.98 and a beta of 0.67.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, beating 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 EPS for the current fiscal year.

Powell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th were given a dividend of $0.2675 per share. The ex-dividend date was Wednesday, February 19th. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 annualized dividend and a yield of 0.62%. Powell Industries’s payout ratio is 8.12%.

Analyst Ratings Changes

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

Powell Industries Company 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.