Cynosure Group LLC Sells 794 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Cynosure Group LLC lessened its holdings in Powell Industries, Inc. (NASDAQ:POWL) by 40.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,185 shares of the industrial products company’s stock after selling 794 shares during the period. Cynosure Group LLC’s holdings in Powell Industries were worth $263,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of POWL. Sei Investments Co. lifted its stake in shares of Powell Industries by 3.1% in the 4th quarter. Sei Investments Co. now owns 2,849 shares of the industrial products company’s stock valued at $631,000 after purchasing an additional 85 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Powell Industries by 10.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 979 shares of the industrial products company’s stock valued at $217,000 after buying an additional 90 shares during the period. Prestige Wealth Management Group LLC lifted its position in Powell Industries by 100.0% in the fourth quarter. Prestige Wealth Management Group LLC now owns 200 shares of the industrial products company’s stock worth $44,000 after buying an additional 100 shares during the last quarter. Swiss National Bank boosted its stake in Powell Industries by 0.5% during the fourth quarter. Swiss National Bank now owns 18,800 shares of the industrial products company’s stock worth $4,167,000 after buying an additional 100 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its position in Powell Industries by 6.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,708 shares of the industrial products company’s stock valued at $379,000 after acquiring an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Analysts Set New Price Targets

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

Powell Industries Trading Down 3.2 %

Shares of POWL opened at $164.45 on Friday. The firm has a market capitalization of $1.98 billion, a P/E ratio of 12.49, a P/E/G ratio of 0.98 and a beta of 0.83. Powell Industries, Inc. has a 12-month low of $122.00 and a 12-month high of $364.98. The firm has a fifty day moving average price of $192.23 and a 200-day moving average price of $235.27.

Powell Industries (NASDAQ:POWL) last issued its earnings results on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.03. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. Analysts predict that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Increases Dividend

The company also recently disclosed 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 is an increase from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 annualized dividend and a yield of 0.65%. The ex-dividend date was Wednesday, February 19th. Powell Industries’s dividend payout ratio (DPR) is presently 8.12%.

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.