Virtu Financial LLC Invests $997,000 in Powell Industries, Inc. (NASDAQ:POWL)

Virtu Financial LLC bought a new stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 4,497 shares of the industrial products company's stock, valued at approximately $997,000.

A number of other hedge funds have also recently modified their holdings of the stock. Principal Securities Inc. acquired a new position in Powell Industries during the fourth quarter worth approximately $26,000. Quest Partners LLC purchased a new position in shares of Powell Industries during the third quarter worth approximately $35,000. Smartleaf Asset Management LLC increased its holdings in shares of 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 acquiring an additional 132 shares during the period. Blue Trust Inc. purchased a new stake in Powell Industries in the 4th quarter valued at $40,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Powell Industries during the 4th quarter worth $57,000. 89.77% of the stock is owned by hedge funds and other institutional investors.

Powell Industries Stock Performance

POWL traded down $4.42 during trading on Thursday, hitting $180.92. The stock had a trading volume of 260,714 shares, compared to its average volume of 412,530. The firm has a market capitalization of $2.18 billion, a P/E ratio of 13.74, a PEG ratio of 0.98 and a beta of 0.83. Powell Industries, Inc. has a twelve month low of $122.00 and a twelve month high of $364.98. The company's 50-day moving average price is $207.07 and its 200 day moving average price is $235.24.

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

Powell Industries Increases Dividend

The firm also recently announced 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 represents a $1.07 dividend on an annualized basis and a dividend yield of 0.59%. This is an increase from Powell Industries's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, February 19th. Powell Industries's dividend payout ratio is 8.12%.

Analysts Set New Price Targets

A number of research firms have commented on POWL. Roth Mkm initiated coverage on shares of Powell Industries in a research note on Wednesday, December 11th. They issued a "buy" rating and a $312.00 price objective on the stock. Roth Capital upgraded Powell Industries to a "strong-buy" rating in a research report on Tuesday, December 10th. Finally, StockNews.com raised Powell Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, March 11th.

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.