Powell Industries, Inc. (NASDAQ:POWL) Stake Raised by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC grew its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL) by 17.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 72,016 shares of the industrial products company’s stock after purchasing an additional 10,725 shares during the period. Stephens Investment Management Group LLC’s holdings in Powell Industries were worth $15,962,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Covestor Ltd lifted its stake in Powell Industries by 21.8% during the third quarter. Covestor Ltd now owns 229 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 41 shares during the last quarter. Chartwell Investment Partners LLC increased its holdings in shares of Powell Industries by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 7,711 shares of the industrial products company’s stock valued at $1,712,000 after buying an additional 60 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Powell Industries by 110.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 105 shares during the last quarter. KBC Group NV boosted its stake in shares of Powell Industries by 35.1% during the 4th quarter. KBC Group NV now owns 435 shares of the industrial products company’s stock worth $96,000 after acquiring an additional 113 shares in the last quarter. Finally, Hollencrest Capital Management acquired a new position in shares of Powell Industries in the 3rd quarter worth $30,000. Institutional investors and hedge funds own 89.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on POWL. StockNews.com upgraded Powell Industries from a “hold” rating to a “buy” rating in a research report on Friday. 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. Finally, Roth Capital raised shares of Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th.

Powell Industries Stock Down 6.5 %

POWL opened at $228.83 on Monday. Powell Industries, Inc. has a 12-month low of $122.00 and a 12-month high of $364.98. The firm has a market capitalization of $2.76 billion, a P/E ratio of 17.38, a PEG ratio of 1.28 and a beta of 0.87. The stock has a fifty day moving average of $249.01 and a 200-day moving average of $231.17.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, topping 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%. On average, analysts expect that Powell Industries, Inc. will post 13.7 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th will be given a dividend of $0.2675 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 dividend on an annualized basis and a yield of 0.47%. Powell Industries’s payout ratio is presently 8.12%.

About Powell Industries

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.