HighTower Advisors LLC Sells 4,145 Shares of Powell Industries, Inc. (NASDAQ:POWL)

HighTower Advisors LLC trimmed its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL) by 50.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,001 shares of the industrial products company’s stock after selling 4,145 shares during the quarter. HighTower Advisors LLC’s holdings in Powell Industries were worth $887,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Principal Securities Inc. acquired a new stake in shares of Powell Industries in the 4th quarter valued at about $26,000. Quest Partners LLC acquired a new stake in Powell Industries in the 3rd quarter valued at approximately $35,000. Smartleaf Asset Management LLC lifted its stake in Powell Industries by 455.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 132 shares in the last quarter. Blue Trust Inc. acquired a new position in Powell Industries during the 4th quarter worth approximately $40,000. Finally, SBI Securities Co. Ltd. acquired a new position in Powell Industries during the 4th quarter worth approximately $57,000. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

POWL has been the topic of a number of recent research reports. Roth Mkm started coverage on shares of Powell Industries in a report on Wednesday, December 11th. They issued a “buy” rating and a $312.00 price objective on the stock. StockNews.com raised Powell Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th. Finally, Roth Capital raised Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th.

Powell Industries Trading Down 2.4 %

NASDAQ:POWL opened at $180.92 on Friday. The stock has a market capitalization of $2.18 billion, a PE ratio of 13.74, 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. The firm has a fifty day simple moving average of $205.55 and a 200 day simple moving average of $234.86.

Powell Industries (NASDAQ:POWL) last announced 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%. On average, equities analysts predict that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th were given a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Wednesday, February 19th. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s payout ratio is 8.12%.

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.