Quantum Private Wealth LLC Purchases New Position in Powell Industries, Inc. (NASDAQ:POWL)

Quantum Private Wealth LLC acquired a new position in Powell Industries, Inc. (NASDAQ:POWL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 4,499 shares of the industrial products company's stock, valued at approximately $997,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd boosted its stake in shares of Powell Industries by 21.8% during the 3rd quarter. Covestor Ltd now owns 229 shares of the industrial products company's stock worth $51,000 after acquiring an additional 41 shares in the last quarter. Chartwell Investment Partners LLC lifted its holdings in shares of Powell Industries by 0.8% during 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 purchasing an additional 60 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Powell Industries by 110.5% in the 3rd 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 during the period. KBC Group NV increased its stake in Powell Industries by 35.1% in the 4th quarter. KBC Group NV now owns 435 shares of the industrial products company's stock worth $96,000 after purchasing an additional 113 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new position in Powell Industries in the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 89.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on POWL shares. Roth Mkm started coverage on shares of Powell Industries in a research note on Wednesday, December 11th. They set a "buy" rating and a $312.00 price objective for the company. StockNews.com lowered shares of Powell Industries from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Roth Capital upgraded shares of Powell Industries to a "strong-buy" rating in a research report on Tuesday, December 10th.

Powell Industries Trading Down 6.8 %

NASDAQ POWL traded down $14.22 during trading on Wednesday, reaching $194.35. 605,700 shares of the company's stock were exchanged, compared to its average volume of 515,802. Powell Industries, Inc. has a fifty-two week low of $122.00 and a fifty-two week high of $364.98. The company's fifty day simple moving average is $239.11 and its 200-day simple moving average is $234.04. The firm has a market capitalization of $2.34 billion, a PE ratio of 14.76, a P/E/G ratio of 1.11 and a beta of 0.87.

Powell Industries (NASDAQ:POWL - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 EPS 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 analysts forecast that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th will be paid a $0.2675 dividend. The ex-dividend date 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 dividend yield of 0.55%. Powell Industries's dividend payout ratio is 8.05%.

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.