GKV Capital Management Co. Inc. Acquires Shares of 7,520 Powell Industries, Inc. (NASDAQ:POWL)

GKV Capital Management Co. Inc. bought a new stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,520 shares of the industrial products company's stock, valued at approximately $1,667,000. GKV Capital Management Co. Inc. owned 0.06% of Powell Industries as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Principal Securities Inc. purchased a new stake in Powell Industries during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC boosted its stake in 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 purchasing an additional 132 shares during the last quarter. Blue Trust Inc. purchased a new position in shares of Powell Industries in the fourth quarter worth about $40,000. Tucker Asset Management LLC purchased a new stake in Powell Industries during the 4th quarter valued at about $43,000. Finally, Prestige Wealth Management Group LLC increased its holdings in shares of Powell Industries by 100.0% in the fourth quarter. Prestige Wealth Management Group LLC now owns 200 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 89.77% of the company's stock.

Powell Industries Stock Performance

Shares of NASDAQ POWL traded up $8.62 during trading on Tuesday, reaching $168.00. The stock had a trading volume of 69,316 shares, compared to its average volume of 433,581. The business's 50-day moving average price is $176.01 and its 200-day moving average price is $231.47. Powell Industries, Inc. has a fifty-two week low of $127.01 and a fifty-two week high of $364.98. The company has a market cap of $2.03 billion, a P/E ratio of 12.73, a PEG ratio of 0.98 and a beta of 0.67.

Powell Industries (NASDAQ:POWL - Get Free Report) last released its earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, beating 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%. Analysts forecast 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 issued a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 0.64%. This is an increase from Powell Industries's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, February 19th. Powell Industries's dividend payout ratio is 8.12%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Powell Industries from a "hold" rating to a "buy" rating in a research report 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.