Heck Capital Advisors LLC Makes New Investment in Powell Industries, Inc. (NASDAQ:POWL)

Heck Capital Advisors LLC bought a new position in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,790 shares of the industrial products company's stock, valued at approximately $397,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new stake in shares of Powell Industries in the third quarter worth about $30,000. Quest Partners LLC acquired a new stake in Powell Industries in the third quarter valued at approximately $35,000. Blue Trust Inc. purchased a new stake in shares of Powell Industries in the fourth quarter valued at approximately $43,000. Farther Finance Advisors LLC raised its stake in shares of Powell Industries by 110.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company's stock worth $44,000 after buying an additional 105 shares during the period. Finally, Covestor Ltd lifted its position 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 valued at $51,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 89.77% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Thomas W. Powell sold 5,000 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $347.74, for a total transaction of $1,738,700.00. Following the transaction, the insider now directly owns 677,265 shares in the company, valued at $235,512,131.10. This trade represents a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Powell Industries Trading Up 5.6 %

Shares of NASDAQ:POWL traded up $13.15 on Wednesday, hitting $246.29. The company had a trading volume of 189,560 shares, compared to its average volume of 476,639. The company has a market cap of $2.97 billion, a PE ratio of 20.08, a PEG ratio of 1.25 and a beta of 0.87. Powell Industries, Inc. has a 52-week low of $122.00 and a 52-week high of $364.98. The business has a 50 day moving average of $250.48 and a 200 day moving average of $229.03.

Powell Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th will be issued a dividend of $0.2675 per share. This is an increase from Powell Industries's previous quarterly dividend of $0.27. This represents a $1.07 annualized dividend and a dividend yield of 0.43%. Powell Industries's dividend payout ratio (DPR) is presently 8.62%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Roth Capital raised Powell Industries to a "strong-buy" rating in a research note on Tuesday, December 10th. Roth Mkm assumed coverage on shares of Powell Industries in a research note on Wednesday, December 11th. They set a "buy" rating and a $312.00 price target on the stock. Finally, StockNews.com lowered shares of Powell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, January 22nd.

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.