Loomis Sayles & Co. L P Buys 1,713 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Loomis Sayles & Co. L P increased its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,261 shares of the industrial products company's stock after buying an additional 1,713 shares during the period. Loomis Sayles & Co. L P owned 0.28% of Powell Industries worth $7,594,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Powell Industries by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 688,058 shares of the industrial products company's stock worth $152,508,000 after buying an additional 24,997 shares during the last quarter. State Street Corp raised its position in shares of Powell Industries by 0.9% in the 3rd quarter. State Street Corp now owns 362,717 shares of the industrial products company's stock valued at $80,520,000 after acquiring an additional 3,403 shares during the period. American Century Companies Inc. boosted its stake in Powell Industries by 8.3% during the 4th quarter. American Century Companies Inc. now owns 351,750 shares of the industrial products company's stock worth $77,965,000 after acquiring an additional 27,029 shares during the last quarter. Geode Capital Management LLC grew its holdings in Powell Industries by 3.9% during the third quarter. Geode Capital Management LLC now owns 257,049 shares of the industrial products company's stock valued at $57,071,000 after purchasing an additional 9,692 shares during the period. Finally, Wellington Management Group LLP bought a new stake in Powell Industries in the third quarter valued at approximately $30,038,000. 89.77% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Roth Capital raised shares of Powell Industries to a "strong-buy" rating in a research report on Tuesday, December 10th. StockNews.com upgraded Powell Industries from a "hold" rating to a "buy" rating in a report on Tuesday, March 11th. Finally, Roth Mkm started coverage on Powell Industries in a report on Wednesday, December 11th. They issued a "buy" rating and a $312.00 price target for the company.

Powell Industries Price Performance

POWL traded down $17.21 during trading on Thursday, reaching $164.09. The company had a trading volume of 99,249 shares, compared to its average volume of 425,897. The company has a market cap of $1.98 billion, a P/E ratio of 12.46, a PEG ratio of 0.98 and a beta of 0.83. Powell Industries, Inc. has a 12 month low of $122.00 and a 12 month high of $364.98. The business's fifty day moving average price is $197.17 and its 200 day moving average price is $235.77.

Powell Industries (NASDAQ:POWL - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, topping 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, sell-side analysts predict that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Increases Dividend

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