Charles Schwab Investment Management Inc. Grows Stock Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Charles Schwab Investment Management Inc. increased its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,482 shares of the industrial products company’s stock after purchasing an additional 637 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.78% of Powell Industries worth $20,942,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. KBC Group NV raised its holdings in shares of Powell Industries by 35.1% during the fourth quarter. KBC Group NV now owns 435 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 113 shares during the last quarter. Principal Securities Inc. bought a new stake in Powell Industries during the fourth quarter valued at approximately $26,000. Smartleaf Asset Management LLC grew its position in 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 buying an additional 132 shares during the period. Private Advisor Group LLC grew its position in Powell Industries by 7.1% during the fourth quarter. Private Advisor Group LLC now owns 2,238 shares of the industrial products company’s stock valued at $496,000 after buying an additional 148 shares during the period. Finally, Diversified Trust Co grew its position in Powell Industries by 8.6% during the fourth quarter. Diversified Trust Co now owns 1,882 shares of the industrial products company’s stock valued at $417,000 after buying an additional 149 shares during the period. 89.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

POWL has been the subject of several recent research reports. StockNews.com upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th. Roth Mkm initiated coverage on shares of 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, Roth Capital upgraded shares of Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th.

Powell Industries Price Performance

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 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. The company has a 50 day simple moving average of $211.75 and a two-hundred day simple moving average of $234.04.

Powell Industries (NASDAQ:POWL) last posted 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 net margin of 15.15% and a return on equity of 35.48%. Equities analysts anticipate that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th were given a $0.2675 dividend. 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 0.59%. The ex-dividend date was Wednesday, February 19th. Powell Industries’s dividend payout ratio is presently 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.