Vanguard Group Inc. Acquires 24,997 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Vanguard Group Inc. raised its stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 688,058 shares of the industrial products company's stock after acquiring an additional 24,997 shares during the period. Vanguard Group Inc. owned about 5.71% of Powell Industries worth $152,508,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of POWL. State Street Corp grew its holdings 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 worth $80,520,000 after purchasing an additional 3,403 shares during the last quarter. American Century Companies Inc. grew its stake in Powell Industries by 8.3% during the fourth quarter. American Century Companies Inc. now owns 351,750 shares of the industrial products company's stock worth $77,965,000 after buying an additional 27,029 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 worth $57,071,000 after buying an additional 9,692 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Powell Industries in the third quarter valued at approximately $30,038,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Powell Industries in the 4th quarter worth approximately $22,556,000. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Powell Industries Stock Up 0.2 %

NASDAQ:POWL traded up $0.26 during mid-day trading on Friday, reaching $173.22. 296,588 shares of the company were exchanged, compared to its average volume of 434,125. The stock has a market cap of $2.09 billion, a PE ratio of 13.15, a PEG ratio of 0.98 and a beta of 0.67. Powell Industries, Inc. has a 12 month low of $122.00 and a 12 month high of $364.98. The company has a fifty day moving average of $183.05 and a 200 day moving average of $233.94.

Powell Industries (NASDAQ:POWL - Get Free Report) last released 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 35.48%. On average, equities research analysts anticipate that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th were given a dividend of $0.2675 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.62%. This is an increase from Powell Industries's previous quarterly dividend of $0.27. Powell Industries's payout ratio is presently 8.12%.

Wall Street Analyst Weigh In

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

Powell Industries 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.