Separately, CJS Securities upgraded Powell Industries from a market perform rating to an outperform rating in a research report on Thursday, May 9th.
Shares of POWL stock opened at $35.83 on Friday. The stock has a market capitalization of $413.94 million, a P/E ratio of 597.17 and a beta of 1.54. Powell Industries has a 52-week low of $22.55 and a 52-week high of $41.42.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.90%. The ex-dividend date is Tuesday, May 21st.
Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new position in Powell Industries during the 4th quarter worth approximately $40,000. BNP Paribas Arbitrage SA boosted its stake in shares of Powell Industries by 346.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,851 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 1,436 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Powell Industries during the 1st quarter worth approximately $57,000. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Powell Industries during the 4th quarter worth approximately $62,000. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of Powell Industries by 447.8% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,084 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 2,521 shares in the last quarter. Hedge funds and other institutional investors own 59.25% of the company’s stock.
Powell Industries Company Profile
Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy. 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, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.
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