Amundi Purchases Shares of 4,364 Powell Industries, Inc. (NASDAQ:POWL)

Amundi purchased a new stake in shares of Powell Industries, Inc. (NASDAQ:POWL) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,364 shares of the industrial products company’s stock, valued at approximately $1,001,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Securities Inc. bought a new stake in Powell Industries during the fourth quarter valued at about $26,000. Quest Partners LLC purchased a new position in shares of Powell Industries during the third quarter valued at about $35,000. Smartleaf Asset Management LLC grew its position in shares of Powell Industries by 455.2% during 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 in the last quarter. Blue Trust Inc. purchased a new position in shares of Powell Industries during the fourth quarter valued at about $40,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Powell Industries during the fourth quarter valued at about $57,000. 89.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Powell Industries Trading Up 0.0 %

POWL opened at $181.51 on Thursday. The firm has a market cap of $2.19 billion, a P/E ratio of 13.78, a P/E/G ratio of 0.98 and a beta of 0.83. Powell Industries, Inc. has a 12 month low of $122.00 and a 12 month high of $364.98. The stock has a 50-day moving average of $211.75 and a 200 day moving average of $234.04.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, topping the consensus estimate 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 forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th were given a $0.2675 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $1.07 annualized dividend and a yield of 0.59%. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend payout ratio (DPR) is currently 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.