Voya Investment Management LLC Has $1.23 Million Stock Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Voya Investment Management LLC trimmed its position in Powell Industries, Inc. (NASDAQ:POWL) by 22.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,537 shares of the industrial products company’s stock after selling 1,608 shares during the quarter. Voya Investment Management LLC’s holdings in Powell Industries were worth $1,227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Powell Industries by 198.1% during the 3rd quarter. Barclays PLC now owns 60,969 shares of the industrial products company’s stock worth $13,536,000 after buying an additional 40,515 shares during the period. Franklin Resources Inc. grew its holdings in Powell Industries by 2.5% during the 3rd quarter. Franklin Resources Inc. now owns 20,098 shares of the industrial products company’s stock worth $4,462,000 after acquiring an additional 497 shares during the period. Principal Financial Group Inc. raised its position in shares of Powell Industries by 5.7% during the 3rd quarter. Principal Financial Group Inc. now owns 51,507 shares of the industrial products company’s stock valued at $11,434,000 after acquiring an additional 2,793 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Powell Industries by 101.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 26,858 shares of the industrial products company’s stock valued at $5,962,000 after purchasing an additional 13,531 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of Powell Industries by 3.1% in the 4th quarter. Nordea Investment Management AB now owns 6,170 shares of the industrial products company’s stock worth $1,389,000 after purchasing an additional 188 shares during the last quarter. 89.77% of the stock is owned by institutional investors.

Powell Industries Stock Performance

Shares of NASDAQ POWL opened at $191.96 on Tuesday. The firm has a 50 day moving average price of $174.39 and a 200 day moving average price of $226.02. The stock has a market cap of $2.32 billion, a P/E ratio of 14.58, a P/E/G ratio of 0.98 and a beta of 0.78. Powell Industries, Inc. has a 52-week low of $127.01 and a 52-week high of $364.98.

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

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Powell Industries from a “hold” rating to a “buy” rating in a report 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.