NEOS Investment Management LLC Makes New $479,000 Investment in Powell Industries, Inc. (NASDAQ:POWL)

NEOS Investment Management LLC purchased 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. The fund purchased 2,160 shares of the industrial products company's stock, valued at approximately $479,000.

A number of other institutional investors also recently modified their holdings of POWL. Wellington Management Group LLP acquired a new position in Powell Industries in the third quarter valued at $30,038,000. Raymond James Financial Inc. bought a new position in shares of Powell Industries in the 4th quarter worth about $22,556,000. WCM Investment Management LLC acquired a new position in shares of Powell Industries in the 4th quarter valued at about $14,261,000. Sanctuary Advisors LLC bought a new stake in shares of Powell Industries during the 3rd quarter valued at about $12,176,000. Finally, Cibc World Market Inc. grew its stake in Powell Industries by 438.8% during the fourth quarter. Cibc World Market Inc. now owns 60,746 shares of the industrial products company's stock worth $13,464,000 after purchasing an additional 49,471 shares during the period. 89.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

POWL has been the topic of several recent analyst reports. StockNews.com raised Powell Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, March 11th. Roth Capital upgraded shares of Powell Industries to a "strong-buy" rating in a research note on Tuesday, December 10th. Finally, 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 target price on the stock.

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Powell Industries Trading Down 3.2 %

Powell Industries stock traded down $5.42 during midday trading on Friday, reaching $164.45. The stock had a trading volume of 564,420 shares, compared to its average volume of 428,859. The company has a fifty day moving average price of $192.23 and a two-hundred day moving average price of $235.27. Powell Industries, Inc. has a 12 month low of $122.00 and a 12 month high of $364.98. The company has a market capitalization of $1.98 billion, a P/E ratio of 12.49, a PEG ratio of 0.98 and a beta of 0.83.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, beating 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%. On average, equities research analysts predict that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th were paid a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Wednesday, February 19th. This is a positive change from Powell Industries's previous quarterly dividend of $0.27. Powell Industries's payout ratio is 8.12%.

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.