Illumine Investment Management LLC Buys New Shares in Powell Industries, Inc. (NASDAQ:POWL)

Illumine Investment Management LLC acquired a new position in Powell Industries, Inc. (NASDAQ:POWL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,068 shares of the industrial products company's stock, valued at approximately $1,567,000. Illumine Investment Management LLC owned about 0.06% of Powell Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP bought a new stake in Powell Industries in the third quarter valued at about $30,038,000. Victory Capital Management Inc. grew its holdings in Powell Industries by 1,119.3% during the 3rd quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company's stock worth $21,886,000 after acquiring an additional 90,504 shares during the last quarter. WCM Investment Management LLC acquired a new stake in shares of Powell Industries in the fourth quarter valued at approximately $14,261,000. Stephens Investment Management Group LLC bought a new stake in shares of Powell Industries during the third quarter worth $13,606,000. Finally, Sanctuary Advisors LLC acquired a new stake in Powell Industries in the third quarter worth about $12,176,000. Institutional investors own 89.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Roth Mkm started coverage on Powell Industries in a research note on Wednesday, December 11th. They set a "buy" rating and a $312.00 price objective for the company. StockNews.com downgraded shares of Powell Industries from a "buy" rating to a "hold" rating in a report on Monday. Finally, Roth Capital raised shares of Powell Industries to a "strong-buy" rating in a research report on Tuesday, December 10th.

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Powell Industries Stock Down 0.3 %

Shares of NASDAQ POWL traded down $0.54 during mid-day trading on Tuesday, reaching $155.56. 759,716 shares of the company were exchanged, compared to its average volume of 540,612. The stock has a market capitalization of $1.88 billion, a P/E ratio of 11.81, a P/E/G ratio of 0.98 and a beta of 0.87. Powell Industries, Inc. has a twelve month low of $122.00 and a twelve month high of $364.98. The company's 50-day simple moving average is $227.38 and its 200-day simple moving average is $235.13.

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 analysts' consensus estimates of $2.83 by $0.03. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. As a group, equities research analysts expect that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The business also recently declared 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. The ex-dividend date is 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 dividend yield of 0.69%. Powell Industries's payout ratio is 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.