Intrust Bank NA Acquires Shares of 1,451 Powell Industries, Inc. (NASDAQ:POWL)

Intrust Bank NA acquired a new stake in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,451 shares of the industrial products company's stock, valued at approximately $322,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of POWL. Principal Securities Inc. bought a new position in Powell Industries during the fourth quarter valued at $26,000. Quest Partners LLC bought a new position in shares of Powell Industries in the third quarter valued at approximately $35,000. Smartleaf Asset Management LLC lifted its stake in Powell Industries by 455.2% in 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 in the last quarter. Blue Trust Inc. purchased a new position in Powell Industries during the fourth quarter worth about $40,000. Finally, Prestige Wealth Management Group LLC grew its holdings in shares of Powell Industries by 100.0% during the fourth quarter. Prestige Wealth Management Group LLC now owns 200 shares of the industrial products company's stock worth $44,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 89.77% of the company's stock.

Powell Industries Stock Down 3.2 %

Shares of NASDAQ POWL traded down $5.42 during trading on Friday, reaching $164.45. 564,420 shares of the company traded hands, compared to its average volume of 428,859. The firm has a 50 day simple moving average of $192.23 and a 200-day simple moving average of $235.27. Powell Industries, Inc. has a 52-week low of $122.00 and a 52-week high of $364.98. The stock has a market capitalization of $1.98 billion, a PE ratio of 12.49, a P/E/G ratio of 0.98 and a beta of 0.83.

Remove Ads

Powell Industries (NASDAQ:POWL - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts predict that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th were issued a $0.2675 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $1.07 annualized dividend and a yield of 0.65%. This is an increase from Powell Industries's previous quarterly dividend of $0.27. Powell Industries's dividend payout ratio is currently 8.12%.

Analyst Upgrades and Downgrades

POWL has been the subject of a number of research reports. Roth Mkm assumed coverage on shares of Powell Industries in a research note on Wednesday, December 11th. They issued a "buy" rating and a $312.00 price objective for the company. StockNews.com raised shares of Powell Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, March 11th. Finally, Roth Capital upgraded Powell Industries to a "strong-buy" rating in a report on Tuesday, December 10th.

Powell Industries 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.