Amundi bought a new position in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,364 shares of the industrial products company's stock, valued at approximately $1,001,000.
Other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in Powell Industries by 0.9% during the third quarter. State Street Corp now owns 362,717 shares of the industrial products company's stock valued at $80,520,000 after buying an additional 3,403 shares during the last quarter. Geode Capital Management LLC boosted its stake in Powell Industries by 3.9% during the third quarter. Geode Capital Management LLC now owns 257,049 shares of the industrial products company's stock valued at $57,071,000 after buying an additional 9,692 shares during the last quarter. Wellington Management Group LLP bought a new position in Powell Industries during the third quarter valued at approximately $30,038,000. Raymond James Financial Inc. bought a new position in Powell Industries during the fourth quarter valued at approximately $22,556,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Powell Industries by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 94,482 shares of the industrial products company's stock valued at $20,942,000 after buying an additional 637 shares during the last quarter. Hedge funds and other institutional investors own 89.77% of the company's stock.
Powell Industries Price Performance
Shares of NASDAQ:POWL traded up $2.86 during trading on Friday, hitting $184.22. The company had a trading volume of 585,612 shares, compared to its average volume of 413,307. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 0.98 and a beta of 0.83. Powell Industries, Inc. has a one year low of $122.00 and a one year high of $364.98. The company has a fifty day simple moving average of $209.85 and a two-hundred day simple moving average of $234.36.
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 (EPS) for the quarter, beating the consensus estimate 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 research 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 disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th were paid a $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.58%. This is a positive change from Powell Industries's previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, February 19th. Powell Industries's dividend payout ratio (DPR) is presently 8.12%.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. Roth Mkm assumed coverage on Powell Industries in a research note on Wednesday, December 11th. They set a "buy" rating and a $312.00 price target for the company. StockNews.com raised Powell Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, March 11th. Finally, Roth Capital raised Powell Industries to a "strong-buy" rating in a research note on Tuesday, December 10th.
View Our Latest Stock Report on POWL
Powell Industries Profile
(
Free Report)
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.
Further Reading
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