Proficio Capital Partners LLC Invests $3.10 Million in Powell Industries, Inc. (NASDAQ:POWL)

Proficio Capital Partners LLC purchased a new position in shares of Powell Industries, Inc. (NASDAQ:POWLFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 13,964 shares of the industrial products company’s stock, valued at approximately $3,095,000. Proficio Capital Partners LLC owned about 0.12% of Powell Industries as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in shares of Powell Industries in the 4th quarter worth $26,000. Quest Partners LLC purchased a new position in Powell Industries during the third quarter worth about $35,000. Smartleaf Asset Management LLC lifted its position in Powell Industries by 455.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 132 shares during the period. Blue Trust Inc. purchased a new stake in Powell Industries in the 4th quarter valued at approximately $40,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Powell Industries in the 4th quarter valued at approximately $57,000. Institutional investors and hedge funds own 89.77% of the company’s stock.

Wall Street Analysts Forecast Growth

POWL has been the subject of several research analyst reports. Roth Mkm began coverage on Powell Industries in a research report on Wednesday, December 11th. They issued a “buy” rating and a $312.00 price objective for the company. StockNews.com upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th. Finally, Roth Capital upgraded shares of Powell Industries to a “strong-buy” rating in a research note on Tuesday, December 10th.

Check Out Our Latest Stock Analysis on Powell Industries

Powell Industries Price Performance

NASDAQ POWL opened at $181.50 on Wednesday. The business has a 50 day moving average price of $212.71 and a 200 day moving average price of $234.41. The company has a market capitalization of $2.19 billion, a P/E ratio of 13.78, a PEG ratio of 0.98 and a beta of 0.83. Powell Industries, Inc. has a 1-year low of $122.00 and a 1-year high of $364.98.

Powell Industries (NASDAQ:POWLGet 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, beating 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%. On average, research 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 will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th will be given a dividend of $0.2675 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $1.07 dividend on an annualized basis and a yield of 0.59%. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s payout ratio is presently 8.12%.

About Powell Industries

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding POWL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Powell Industries, Inc. (NASDAQ:POWLFree Report).

Institutional Ownership by Quarter for Powell Industries (NASDAQ:POWL)

Receive News & Ratings for Powell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Powell Industries and related companies with MarketBeat.com's FREE daily email newsletter.