Portolan Capital Management LLC Purchases Shares of 12,593 Powell Industries, Inc. (NASDAQ:POWL)

Portolan Capital Management LLC purchased a new stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,593 shares of the industrial products company's stock, valued at approximately $2,791,000. Portolan Capital Management LLC owned 0.10% of Powell Industries as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in POWL. Principal Securities Inc. acquired a new position in shares of Powell Industries in the fourth quarter valued at approximately $26,000. Smartleaf Asset Management LLC grew its position 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 valued at $37,000 after buying an additional 132 shares during the last quarter. Blue Trust Inc. acquired a new position in Powell Industries in the 4th quarter valued at $40,000. Tucker Asset Management LLC purchased a new position in Powell Industries during the 4th quarter worth $43,000. Finally, Prestige Wealth Management Group LLC lifted its stake in shares of Powell Industries by 100.0% in the 4th quarter. Prestige Wealth Management Group LLC now owns 200 shares of the industrial products company's stock worth $44,000 after acquiring an additional 100 shares during the period. 89.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Powell Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, March 11th.

Powell Industries Stock Up 0.2 %

POWL stock traded up $0.29 on Friday, reaching $167.24. 206,682 shares of the company's stock were exchanged, compared to its average volume of 435,683. The stock has a fifty day moving average of $177.01 and a 200-day moving average of $232.06. The firm has a market cap of $2.02 billion, a PE ratio of 12.70, a P/E/G ratio of 0.98 and a beta of 0.67. Powell Industries, Inc. has a twelve month low of $127.01 and a twelve month high of $364.98.

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

Powell Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.2675 per share. This is a positive change from Powell Industries's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $1.07 annualized dividend and a dividend yield of 0.64%. 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.