1620 Investment Advisors Inc. Acquires Shares of 4,650 Powell Industries, Inc. (NASDAQ:POWL)

1620 Investment Advisors Inc. bought a new stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,650 shares of the industrial products company's stock, valued at approximately $1,031,000. Powell Industries makes up approximately 0.8% of 1620 Investment Advisors Inc.'s investment portfolio, making the stock its 28th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of POWL. Principal Securities Inc. acquired a new stake in Powell Industries during the fourth quarter valued at approximately $26,000. Quest Partners LLC bought a new position in shares of Powell Industries during the 3rd quarter worth approximately $35,000. Smartleaf Asset Management LLC boosted its stake in Powell Industries by 455.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company's stock valued at $37,000 after buying an additional 132 shares in the last quarter. Blue Trust Inc. bought a new stake in Powell Industries in the fourth quarter valued at $40,000. Finally, SBI Securities Co. Ltd. bought a new stake in Powell Industries in the fourth quarter valued at $57,000. 89.77% of the stock is owned by institutional investors.

Powell Industries Stock Down 0.1 %

POWL stock traded down $0.16 during midday trading on Tuesday, reaching $196.11. 337,614 shares of the company's stock traded hands, compared to its average volume of 413,677. The company has a 50-day simple moving average of $208.35 and a two-hundred day simple moving average of $235.59. Powell Industries, Inc. has a 1-year low of $122.00 and a 1-year high of $364.98. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 0.98 and a beta of 0.83.

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Powell Industries (NASDAQ:POWL - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.03. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. Equities research analysts forecast that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Wednesday, February 19th. This is a positive change from Powell Industries's previous quarterly dividend of $0.27. Powell Industries's dividend payout ratio is 8.12%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on POWL shares. Roth Mkm started coverage on Powell Industries in a report on Wednesday, December 11th. They set a "buy" rating and a $312.00 price objective 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 raised shares of Powell Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, March 11th.

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.