Janney Montgomery Scott LLC Invests $842,000 in Powell Industries, Inc. (NASDAQ:POWL)

Janney Montgomery Scott LLC bought a new stake in shares of Powell Industries, Inc. (NASDAQ:POWL) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 3,796 shares of the industrial products company’s stock, valued at approximately $842,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of POWL. Wellington Management Group LLP acquired a new stake in shares of Powell Industries during the third quarter valued at about $30,038,000. Victory Capital Management Inc. boosted its holdings in Powell Industries by 1,119.3% in the third quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company’s stock valued at $21,886,000 after purchasing an additional 90,504 shares during the last quarter. Stephens Investment Management Group LLC acquired a new stake in Powell Industries during the 3rd quarter valued at approximately $13,606,000. Sanctuary Advisors LLC purchased a new stake in Powell Industries during the 3rd quarter worth approximately $12,176,000. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of Powell Industries in the 3rd quarter valued at approximately $10,760,000. 89.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Powell Industries Trading Down 0.0 %

Shares of POWL opened at $244.84 on Friday. Powell Industries, Inc. has a 52 week low of $122.00 and a 52 week high of $364.98. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 1.25 and a beta of 0.87. The stock has a 50 day moving average of $249.78 and a 200-day moving average of $229.25.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.03. Powell Industries had a return on equity of 35.68% and a net margin of 14.80%. On average, sell-side analysts predict that Powell Industries, Inc. will post 13.7 earnings per share 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. Stockholders of record on Wednesday, February 19th will be issued a $0.2675 dividend. The ex-dividend date is Wednesday, February 19th. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 annualized dividend and a dividend yield of 0.44%. Powell Industries’s payout ratio is 8.62%.

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.