Triasima Portfolio Management inc. Invests $344,000 in Powell Industries, Inc. (NASDAQ:POWL)

Triasima Portfolio Management inc. purchased a new stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,554 shares of the industrial products company's stock, valued at approximately $344,000.

Several other institutional investors and hedge funds have also bought and sold shares of POWL. Hollencrest Capital Management bought a new position in Powell Industries in the 3rd quarter valued at about $30,000. Quest Partners LLC bought a new position in Powell Industries in the third quarter valued at approximately $35,000. Blue Trust Inc. acquired a new position in Powell Industries during the fourth quarter valued at approximately $43,000. Farther Finance Advisors LLC raised its position in Powell Industries by 110.5% during the third quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 105 shares in the last quarter. Finally, 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 worth $51,000 after purchasing an additional 41 shares during the last quarter. Institutional investors own 89.77% of the company's stock.

Powell Industries Stock Down 4.4 %

Shares of NASDAQ:POWL traded down $9.64 during trading on Tuesday, hitting $210.25. 588,551 shares of the company were exchanged, compared to its average volume of 518,359. Powell Industries, Inc. has a 1-year low of $122.00 and a 1-year high of $364.98. The company has a market capitalization of $2.54 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 1.28 and a beta of 0.87. The business's 50 day moving average is $246.74 and its 200-day moving average is $232.28.

Powell Industries (NASDAQ:POWL - Get Free Report) last issued its earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, sell-side analysts anticipate that Powell Industries, Inc. will post 13.7 earnings per share for the current year.

Powell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th will be issued a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend 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%.

Wall Street Analyst Weigh In

POWL has been the subject of a number of research analyst reports. 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. StockNews.com upgraded Powell Industries from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Roth Capital raised shares of Powell Industries to a "strong-buy" rating in a report on Tuesday, December 10th.

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.