Capital Fund Management S.A. Has $2.41 Million Stock Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Capital Fund Management S.A. lowered its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 62.4% during the fourth quarter, HoldingsChannel reports. The firm owned 10,878 shares of the industrial products company’s stock after selling 18,090 shares during the quarter. Capital Fund Management S.A.’s holdings in Powell Industries were worth $2,411,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in POWL. Stifel Financial Corp bought a new stake in Powell Industries during the third quarter worth $261,000. State Street Corp raised its holdings in shares of Powell Industries by 0.9% in the 3rd quarter. State Street Corp now owns 362,717 shares of the industrial products company’s stock valued at $80,520,000 after purchasing an additional 3,403 shares during the period. Barclays PLC lifted its stake in Powell Industries by 198.1% in the 3rd quarter. Barclays PLC now owns 60,969 shares of the industrial products company’s stock valued at $13,536,000 after purchasing an additional 40,515 shares during the last quarter. Geode Capital Management LLC grew its holdings in Powell Industries by 3.9% during the third quarter. Geode Capital Management LLC now owns 257,049 shares of the industrial products company’s stock worth $57,071,000 after purchasing an additional 9,692 shares during the period. Finally, Invst LLC increased its position in Powell Industries by 18.5% during the third quarter. Invst LLC now owns 4,977 shares of the industrial products company’s stock worth $1,105,000 after buying an additional 776 shares during the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

Analyst Upgrades and Downgrades

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

Powell Industries Stock Performance

Shares of POWL opened at $171.97 on Tuesday. The firm has a market cap of $2.07 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 0.98 and a beta of 0.67. Powell Industries, Inc. has a 52 week low of $122.00 and a 52 week high of $364.98. The firm’s 50-day simple moving average is $181.60 and its 200 day simple moving average is $233.73.

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%. As a group, equities analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current 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 0.62%. 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%.

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.