Powell Industries, Inc. (NASDAQ:POWL) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 52.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,405 shares of the industrial products company's stock after selling 52,185 shares during the period. Victory Capital Management Inc. owned 0.38% of Powell Industries worth $10,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Principal Securities Inc. purchased a new stake in Powell Industries during the fourth quarter valued at approximately $26,000. Quest Partners LLC acquired a new stake in shares of Powell Industries in the 3rd quarter worth $35,000. Smartleaf Asset Management LLC grew its stake in Powell Industries by 455.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company's stock worth $37,000 after buying an additional 132 shares during the last quarter. Blue Trust Inc. acquired a new position in Powell Industries during the 4th quarter valued at about $40,000. Finally, Farther Finance Advisors LLC raised its stake in Powell Industries by 110.5% in the third quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company's stock valued at $44,000 after buying an additional 105 shares during the last quarter. 89.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Powell Industries from a "hold" rating to a "buy" rating in a report 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 Powell Industries in a research note on Wednesday, December 11th. They issued a "buy" rating and a $312.00 target price for the company.

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Powell Industries Trading Up 3.6 %

Shares of POWL stock traded up $6.32 during trading hours on Monday, hitting $179.68. The company's stock had a trading volume of 385,655 shares, compared to its average volume of 414,332. The stock has a market cap of $2.17 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 0.98 and a beta of 0.83. Powell Industries, Inc. has a 12-month low of $122.00 and a 12-month high of $364.98. The company has a 50 day moving average of $215.24 and a 200 day moving average of $234.20.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.03. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. As a group, analysts anticipate that Powell Industries, Inc. will post 13.71 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. Stockholders of record on Wednesday, February 19th will be paid a dividend of $0.2675 per share. This is a boost from Powell Industries's previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, February 19th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.60%. Powell Industries's dividend payout ratio (DPR) is presently 8.12%.

Powell Industries Company 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.