Liberty Capital Management Inc. Takes $563,000 Position in Powell Industries, Inc. (NASDAQ:POWL)

Liberty Capital Management Inc. bought a new stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,542 shares of the industrial products company's stock, valued at approximately $563,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Covestor Ltd boosted its stake in shares of Powell Industries by 21.8% in the third quarter. Covestor Ltd now owns 229 shares of the industrial products company's stock worth $51,000 after buying an additional 41 shares during the last quarter. Chartwell Investment Partners LLC lifted its holdings in Powell Industries by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 7,711 shares of the industrial products company's stock valued at $1,712,000 after acquiring an additional 60 shares during the period. Farther Finance Advisors LLC boosted its position in Powell Industries by 110.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company's stock worth $44,000 after purchasing an additional 105 shares in the last quarter. KBC Group NV grew its stake in shares of Powell Industries by 35.1% during the 4th quarter. KBC Group NV now owns 435 shares of the industrial products company's stock worth $96,000 after purchasing an additional 113 shares during the period. Finally, Hollencrest Capital Management purchased a new position in shares of Powell Industries during the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 89.77% of the company's stock.

Powell Industries Price Performance

POWL stock traded up $4.82 during trading on Thursday, hitting $214.25. The stock had a trading volume of 499,939 shares, compared to its average volume of 522,115. The company's 50-day moving average price is $243.67 and its two-hundred day moving average price is $232.00. The stock has a market capitalization of $2.58 billion, a P/E ratio of 16.27, a PEG ratio of 1.28 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.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.03. Powell Industries had a net margin of 15.15% and a return on equity of 36.66%. As a group, sell-side analysts expect that Powell Industries, Inc. will post 13.7 EPS for the current fiscal 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 $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Wednesday, February 19th. This is a boost from Powell Industries's previous quarterly dividend of $0.27. Powell Industries's dividend payout ratio (DPR) is currently 8.12%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Roth Capital raised shares of Powell Industries to a "strong-buy" rating in a research note on Tuesday, December 10th. StockNews.com raised Powell Industries from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Finally, Roth Mkm initiated coverage on shares of Powell Industries in a research note on Wednesday, December 11th. They issued a "buy" rating and a $312.00 price target on the stock.

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.