Teachers Retirement System of The State of Kentucky continued to hold its position in Powell Industries, Inc. (NASDAQ:POWL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,700 shares of the industrial products company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Powell Industries were worth $127,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Kennedy Capital Management Inc. boosted its position in Powell Industries by 98.0% in the first quarter. Kennedy Capital Management Inc. now owns 98,989 shares of the industrial products company’s stock worth $3,409,000 after buying an additional 48,989 shares during the last quarter. Norges Bank purchased a new position in Powell Industries during the fourth quarter worth about $6,899,000. State Street Corp boosted its position in Powell Industries by 7.8% in the fourth quarter. State Street Corp now owns 193,553 shares of the industrial products company’s stock worth $7,552,000 after buying an additional 14,051 shares during the last quarter. Renaissance Technologies LLC boosted its position in Powell Industries by 10.0% in the first quarter. Renaissance Technologies LLC now owns 265,300 shares of the industrial products company’s stock worth $9,137,000 after buying an additional 24,200 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its position in Powell Industries by 32.4% in the first quarter. OppenheimerFunds Inc. now owns 11,934 shares of the industrial products company’s stock worth $411,000 after buying an additional 2,917 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.
Shares of Powell Industries, Inc. (NASDAQ POWL) traded down 3.68% during trading on Friday, hitting $28.25. 15,184 shares of the company traded hands. The company has a 50 day moving average price of $32.30 and a 200 day moving average price of $33.36. The company has a market capitalization of $322.84 million, a price-to-earnings ratio of 276.96 and a beta of 0.83. Powell Industries, Inc. has a 52 week low of $28.09 and a 52 week high of $47.24.
Powell Industries (NASDAQ:POWL) last announced its quarterly earnings data on Tuesday, August 8th. The industrial products company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.22. Powell Industries had a net margin of 0.27% and a return on equity of 0.71%. The company had revenue of $85.90 million for the quarter, compared to the consensus estimate of $104.45 million. During the same quarter in the previous year, the business earned $0.47 EPS. The company’s quarterly revenue was down 35.5% compared to the same quarter last year. On average, analysts expect that Powell Industries, Inc. will post ($0.46) earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $1.04 dividend on an annualized basis and a yield of 3.55%. Powell Industries’s payout ratio is 1,040.10%.
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Separately, BidaskClub upgraded shares of Powell Industries from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th.
Powell Industries Company Profile
Powell Industries, Inc develops design, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy designed to distribute, control and monitor the flow of electrical energy, and provide protection to motors, transformers and other electrically powered equipment.
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