WCM Investment Management LLC Takes $14.26 Million Position in Powell Industries, Inc. (NASDAQ:POWL)

WCM Investment Management LLC purchased a new stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 62,807 shares of the industrial products company's stock, valued at approximately $14,261,000. WCM Investment Management LLC owned approximately 0.52% of Powell Industries as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in POWL. State Street Corp lifted its holdings in 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. Geode Capital Management LLC lifted its holdings in Powell Industries by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 257,049 shares of the industrial products company's stock worth $57,071,000 after purchasing an additional 9,692 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Powell Industries in the 3rd quarter worth approximately $30,038,000. Victory Capital Management Inc. lifted its holdings in 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 purchasing an additional 90,504 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Powell Industries by 12.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 93,845 shares of the industrial products company's stock worth $20,833,000 after purchasing an additional 10,352 shares during the last quarter. Institutional investors own 89.77% of the company's stock.

Analyst Upgrades and Downgrades

POWL has been the subject of several analyst reports. Roth Mkm initiated coverage on Powell Industries in a report on Wednesday, December 11th. They issued a "buy" rating and a $312.00 target price for the company. StockNews.com upgraded Powell Industries from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Finally, Roth Capital upgraded Powell Industries to a "strong-buy" rating in a report on Tuesday, December 10th.

Powell Industries Stock Up 2.3 %

Shares of POWL stock traded up $4.82 during trading hours on Thursday, reaching $214.25. 499,939 shares of the company's stock were exchanged, compared to its average volume of 522,115. Powell Industries, Inc. has a fifty-two week low of $122.00 and a fifty-two week high of $364.98. The stock has a market capitalization of $2.58 billion, a P/E ratio of 16.27, a P/E/G ratio of 1.28 and a beta of 0.87. The business has a fifty day moving average price of $243.67 and a 200-day moving average price 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, topping analysts' consensus estimates 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 EPS for the current fiscal year.

Powell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th will be issued a dividend of $0.2675 per share. The ex-dividend date is Wednesday, February 19th. This is a positive change from Powell Industries's previous quarterly dividend of $0.27. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.50%. Powell Industries's payout ratio is 8.12%.

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.