Yousif Capital Management LLC Sells 71 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Yousif Capital Management LLC reduced its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,556 shares of the industrial products company’s stock after selling 71 shares during the quarter. Yousif Capital Management LLC’s holdings in Powell Industries were worth $788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hollencrest Capital Management purchased a new position in Powell Industries during the third quarter valued at $30,000. Quest Partners LLC purchased a new position in shares of Powell Industries during the third quarter valued at about $35,000. Blue Trust Inc. bought a new stake in shares of Powell Industries in the fourth quarter worth about $43,000. Farther Finance Advisors LLC increased its holdings in shares of Powell Industries by 110.5% in the third quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 105 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of Powell Industries by 21.8% in the third quarter. Covestor Ltd now owns 229 shares of the industrial products company’s stock worth $51,000 after buying an additional 41 shares in the last quarter. Institutional investors own 89.77% of the company’s stock.

Analyst Ratings Changes

POWL has been the subject of several research analyst reports. Roth Mkm initiated 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 downgraded shares of Powell Industries from a “buy” rating to a “hold” rating in a research note on Saturday.

Powell Industries Price Performance

Shares of NASDAQ POWL opened at $213.38 on Friday. The stock has a market capitalization of $2.57 billion, a P/E ratio of 16.20, a PEG ratio of 1.28 and a beta of 0.87. Powell Industries, Inc. has a 1-year low of $122.00 and a 1-year high of $364.98. The business’s 50 day moving average is $242.33 and its two-hundred day moving average is $233.21.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.03. Powell Industries had a return on equity of 36.66% and a net margin of 15.15%. As a group, equities research analysts anticipate that Powell Industries, Inc. will post 13.7 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th will be issued a $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Wednesday, February 19th. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend payout ratio (DPR) is 8.05%.

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.