Stratos Wealth Partners LTD. increased its position in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,133 shares of the industrial products company's stock after buying an additional 2,704 shares during the quarter. Stratos Wealth Partners LTD. owned 0.28% of Powell Industries worth $7,566,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in Powell Industries by 2.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,294 shares of the industrial products company's stock valued at $759,000 after acquiring an additional 151 shares in the last quarter. Creative Planning acquired a new position in Powell Industries during the 2nd quarter valued at about $310,000. GAMMA Investing LLC boosted its stake in shares of Powell Industries by 62.9% in the 3rd quarter. GAMMA Investing LLC now owns 466 shares of the industrial products company's stock valued at $103,000 after purchasing an additional 180 shares during the last quarter. Diversified Trust Co boosted its stake in shares of Powell Industries by 7.1% in the 3rd quarter. Diversified Trust Co now owns 1,733 shares of the industrial products company's stock valued at $385,000 after purchasing an additional 115 shares during the last quarter. Finally, Brookstone Capital Management acquired a new stake in shares of Powell Industries during the 3rd quarter worth approximately $214,000. Institutional investors and hedge funds own 89.77% of the company's stock.
Powell Industries Price Performance
POWL traded down $16.01 during mid-day trading on Friday, hitting $228.83. The stock had a trading volume of 874,293 shares, compared to its average volume of 477,425. The stock's fifty day simple moving average is $249.01 and its 200-day simple moving average is $230.50. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 1.28 and a beta of 0.87. Powell Industries, Inc. has a 1-year low of $122.00 and a 1-year high of $364.98.
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 the consensus estimate of $2.83 by $0.03. Powell Industries had a return on equity of 36.66% and a net margin of 15.15%. As a group, research analysts expect that Powell Industries, Inc. will post 13.7 earnings per share for the current fiscal year.
Powell Industries Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th will be issued a dividend of $0.2675 per share. This is an increase from Powell Industries's previous quarterly dividend of $0.27. This represents a $1.07 annualized dividend and a yield of 0.47%. The ex-dividend date is Wednesday, February 19th. Powell Industries's dividend payout ratio (DPR) is 8.12%.
Wall Street Analysts Forecast Growth
POWL has been the topic of several recent research reports. StockNews.com upgraded Powell Industries from a "hold" rating to a "buy" rating in a research report on Friday. Roth Mkm assumed coverage on Powell Industries in a report on Wednesday, December 11th. They set a "buy" rating and a $312.00 target price on the stock. Finally, Roth Capital raised Powell Industries to a "strong-buy" rating in a research note on Tuesday, December 10th.
View Our Latest Stock Analysis on Powell Industries
Powell Industries Company Profile
(
Free Report)
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.
Read More
Before you consider Powell Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Powell Industries wasn't on the list.
While Powell Industries currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
