Stephens Investment Management Group LLC Has $15.96 Million Stake in Powell Industries, Inc. (NASDAQ:POWL)

Stephens Investment Management Group LLC lifted its stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 17.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,016 shares of the industrial products company's stock after acquiring an additional 10,725 shares during the period. Stephens Investment Management Group LLC owned 0.60% of Powell Industries worth $15,962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in POWL. Wellington Management Group LLP acquired a new stake in shares of Powell Industries in the 3rd quarter worth approximately $30,038,000. Victory Capital Management Inc. lifted its stake in shares of Powell Industries by 1,119.3% in the 3rd quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company's stock worth $21,886,000 after acquiring an additional 90,504 shares during the period. WCM Investment Management LLC acquired a new stake in shares of Powell Industries in the 4th quarter worth approximately $14,261,000. Sanctuary Advisors LLC acquired a new stake in shares of Powell Industries in the 3rd quarter worth approximately $12,176,000. Finally, Cibc World Market Inc. lifted its stake in shares of Powell Industries by 438.8% in the 4th quarter. Cibc World Market Inc. now owns 60,746 shares of the industrial products company's stock worth $13,464,000 after acquiring an additional 49,471 shares during the period. 89.77% of the stock is owned by institutional investors and hedge funds.

Powell Industries Trading Up 2.3 %

POWL stock traded up $4.82 on Thursday, hitting $214.25. 499,939 shares of the company's stock traded hands, compared to its average volume of 522,115. Powell Industries, Inc. has a 1-year low of $122.00 and a 1-year high of $364.98. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 1.28 and a beta of 0.87. The stock has a fifty day moving average of $243.67 and a 200-day moving average of $232.00.

Powell Industries (NASDAQ:POWL - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, beating 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%. On average, equities research analysts anticipate that Powell Industries, Inc. will post 13.7 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th will be paid a $0.2675 dividend. This is a positive change from Powell Industries's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $1.07 dividend on an annualized basis and a yield of 0.50%. Powell Industries's dividend payout ratio (DPR) is currently 8.12%.

Wall Street Analysts Forecast Growth

POWL has been the subject of several recent research reports. StockNews.com raised shares of Powell Industries from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Roth Capital raised shares of Powell Industries to a "strong-buy" rating in a research note on Tuesday, December 10th. Finally, Roth Mkm initiated 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 for the company.

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.