Orion Portfolio Solutions LLC Sells 16,396 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Orion Portfolio Solutions LLC trimmed its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 56.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 12,555 shares of the industrial products company’s stock after selling 16,396 shares during the quarter. Orion Portfolio Solutions LLC owned about 0.10% of Powell Industries worth $2,783,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Hanseatic Management Services Inc. bought a new stake in Powell Industries during the fourth quarter worth about $248,000. Merit Financial Group LLC boosted its position in shares of Powell Industries by 103.9% during the 4th quarter. Merit Financial Group LLC now owns 4,922 shares of the industrial products company’s stock worth $1,091,000 after acquiring an additional 2,508 shares in the last quarter. Rockefeller Capital Management L.P. bought a new position in Powell Industries in the third quarter valued at approximately $10,760,000. Bay Rivers Group raised its position in Powell Industries by 105.4% during the fourth quarter. Bay Rivers Group now owns 2,294 shares of the industrial products company’s stock valued at $508,000 after purchasing an additional 1,177 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Powell Industries by 101.5% during the third quarter. JPMorgan Chase & Co. now owns 26,858 shares of the industrial products company’s stock worth $5,962,000 after purchasing an additional 13,531 shares during the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on POWL. Roth Mkm assumed coverage on Powell Industries in a report on Wednesday, December 11th. They set a “buy” rating and a $312.00 price target for the company. Roth Capital raised shares of Powell Industries to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, StockNews.com raised shares of Powell Industries from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th.

Powell Industries Stock Down 3.6 %

NASDAQ POWL opened at $170.33 on Tuesday. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 0.98 and a beta of 0.83. Powell Industries, Inc. has a twelve month low of $122.00 and a twelve month high of $364.98. The business’s fifty day moving average is $202.04 and its 200 day moving average is $236.10.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results 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 return on equity of 35.48% and a net margin of 15.15%. On average, research analysts anticipate that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th were issued a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a yield of 0.63%. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, February 19th. Powell Industries’s payout ratio is presently 8.12%.

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.