Nisa Investment Advisors LLC Increases Position in Powell Industries, Inc. (NASDAQ:POWL)

Nisa Investment Advisors LLC lifted its holdings in Powell Industries, Inc. (NASDAQ:POWL) by 10.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,009 shares of the industrial products company’s stock after buying an additional 291 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Powell Industries were worth $667,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of POWL. State Street Corp increased its stake in Powell Industries by 0.9% in the third 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 period. Geode Capital Management LLC increased its stake 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 buying an additional 9,692 shares during the period. Wellington Management Group LLP bought a new stake in Powell Industries during the 3rd quarter valued at about $30,038,000. Victory Capital Management Inc. lifted its holdings in Powell Industries by 1,119.3% during the 3rd quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company’s stock valued at $21,886,000 after buying an additional 90,504 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position 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 valued at $20,833,000 after buying an additional 10,352 shares during the period. 89.77% of the stock is owned by institutional investors.

Powell Industries Stock Performance

NASDAQ:POWL opened at $238.27 on Wednesday. The firm has a market cap of $2.87 billion, a P/E ratio of 19.39, a P/E/G ratio of 1.62 and a beta of 0.88. The firm has a 50-day simple moving average of $254.60 and a 200-day simple moving average of $225.48. Powell Industries, Inc. has a one year low of $77.24 and a one year high of $364.98.

Powell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 20th were given a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Wednesday, November 20th. Powell Industries’s payout ratio is 8.62%.

Insider Activity at Powell Industries

In other news, major shareholder Thomas W. Powell sold 5,000 shares of Powell Industries stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $347.74, for a total value of $1,738,700.00. Following the transaction, the insider now owns 677,265 shares of the company’s stock, valued at $235,512,131.10. The trade was a 0.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Roth Capital raised shares of Powell Industries to a “strong-buy” rating in a research note on Tuesday, December 10th. Roth Mkm initiated coverage on Powell Industries in a research report on Wednesday, December 11th. They set a “buy” rating and a $312.00 target price for the company. Finally, StockNews.com downgraded Powell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd.

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.