Commonwealth Equity Services LLC Buys 5,403 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Commonwealth Equity Services LLC boosted its holdings in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 27.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,735 shares of the industrial products company's stock after acquiring an additional 5,403 shares during the quarter. Commonwealth Equity Services LLC owned 0.21% of Powell Industries worth $5,483,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. bought a new position in shares of Powell Industries during the fourth quarter valued at about $26,000. Quest Partners LLC purchased a new stake in Powell Industries in the 3rd quarter valued at about $35,000. Smartleaf Asset Management LLC lifted its position in shares of Powell Industries by 455.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company's stock worth $37,000 after buying an additional 132 shares in the last quarter. Blue Trust Inc. purchased a new position in shares of Powell Industries in the 4th quarter worth approximately $40,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Powell Industries in the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds own 89.77% of the company's stock.

Analyst Ratings Changes

POWL has been the topic of a number of recent analyst reports. StockNews.com upgraded Powell Industries from a "hold" rating to a "buy" rating in a report on Tuesday, March 11th. Roth Mkm initiated coverage on shares of Powell Industries in a report on Wednesday, December 11th. They issued a "buy" rating and a $312.00 price target on the stock. 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

NASDAQ POWL traded down $10.77 on Wednesday, hitting $185.34. 261,849 shares of the stock traded hands, compared to its average volume of 412,658. The business's fifty day moving average is $208.35 and its two-hundred day moving average is $235.59. Powell Industries, Inc. has a 12 month low of $122.00 and a 12 month high of $364.98. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 0.98 and a beta of 0.83.

Powell Industries (NASDAQ:POWL - Get Free Report) last posted its quarterly earnings results 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 return on equity of 35.48% and a net margin of 15.15%. Analysts expect that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Increases Dividend

The firm also recently declared 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. This is a boost 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 0.58%. The ex-dividend date was Wednesday, February 19th. Powell Industries's dividend payout ratio is presently 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.