American Century Companies Inc. Has $77.97 Million Stock Holdings in Powell Industries, Inc. (NASDAQ:POWL)

American Century Companies Inc. raised its position in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 351,750 shares of the industrial products company's stock after purchasing an additional 27,029 shares during the quarter. American Century Companies Inc. owned 2.92% of Powell Industries worth $77,965,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Quest Partners LLC acquired a new stake in Powell Industries during the 3rd quarter worth approximately $35,000. Moors & Cabot Inc. bought a new position in shares of Powell Industries during the third quarter valued at $201,000. Intech Investment Management LLC acquired a new position in shares of Powell Industries during the third quarter worth $2,469,000. Charles Schwab Investment Management Inc. grew its stake in shares of Powell Industries by 12.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 93,845 shares of the industrial products company's stock worth $20,833,000 after purchasing an additional 10,352 shares during the last quarter. Finally, Great Valley Advisor Group Inc. increased its holdings in Powell Industries by 34.8% in the third quarter. Great Valley Advisor Group Inc. now owns 10,947 shares of the industrial products company's stock valued at $2,430,000 after purchasing an additional 2,827 shares during the period. 89.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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Powell Industries Stock Performance

Shares of POWL stock traded down $4.20 during mid-day trading on Friday, hitting $176.72. The company's stock had a trading volume of 396,781 shares, compared to its average volume of 427,054. The company has a market cap of $2.13 billion, a PE ratio of 13.42, a P/E/G ratio of 0.98 and a beta of 0.83. The company's fifty day simple moving average is $205.55 and its 200-day simple moving average is $234.86. Powell Industries, Inc. has a 52 week low of $122.00 and a 52 week high of $364.98.

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 for the quarter, topping analysts' consensus estimates of $2.83 by $0.03. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. On average, equities analysts anticipate that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th were paid a dividend of $0.2675 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This is a positive change from Powell Industries's previous quarterly dividend of $0.27. This represents a $1.07 annualized dividend and a yield of 0.61%. Powell Industries's dividend payout ratio is currently 8.12%.

Powell Industries Company 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.