Private Advisor Group LLC Purchases 148 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Private Advisor Group LLC grew its position in Powell Industries, Inc. (NASDAQ:POWL) by 7.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,238 shares of the industrial products company’s stock after acquiring an additional 148 shares during the period. Private Advisor Group LLC’s holdings in Powell Industries were worth $496,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of POWL. Creative Planning lifted its stake in shares of Powell Industries by 20.8% in the 3rd quarter. Creative Planning now owns 2,612 shares of the industrial products company’s stock valued at $580,000 after acquiring an additional 449 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Powell Industries in the 3rd quarter valued at $260,000. Farther Finance Advisors LLC raised its position in Powell Industries by 110.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 105 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in Powell Industries by 6.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,604 shares of the industrial products company’s stock worth $1,022,000 after purchasing an additional 296 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new position in Powell Industries during the 3rd quarter worth $446,000. 89.77% of the stock is currently owned by institutional investors.

Powell Industries Trading Down 8.0 %

Shares of Powell Industries stock opened at $156.10 on Tuesday. The business has a 50-day moving average price of $227.38 and a two-hundred day moving average price of $235.13. Powell Industries, Inc. has a 1-year low of $122.00 and a 1-year high of $364.98. The company has a market cap of $1.88 billion, a P/E ratio of 11.85, a PEG ratio of 0.98 and a beta of 0.87.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.03. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. Equities research analysts forecast that Powell Industries, Inc. will post 13.71 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. Shareholders of record on Wednesday, February 19th will be issued a dividend of $0.2675 per share. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Wednesday, February 19th. Powell Industries’s dividend payout ratio (DPR) is presently 8.12%.

Analyst Upgrades and Downgrades

POWL has been the subject of several analyst reports. Roth Capital raised Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th. StockNews.com lowered Powell Industries from a “buy” rating to a “hold” rating in a research report on Monday. Finally, 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.

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.