Principal Securities Inc. Purchases Shares of 118 Powell Industries, Inc. (NASDAQ:POWL)

Principal Securities Inc. purchased a new position in shares of Powell Industries, Inc. (NASDAQ:POWL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 118 shares of the industrial products company’s stock, valued at approximately $26,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of POWL. Covestor Ltd boosted its position in shares of Powell Industries by 21.8% in the 3rd quarter. Covestor Ltd now owns 229 shares of the industrial products company’s stock worth $51,000 after buying an additional 41 shares in the last quarter. Chartwell Investment Partners LLC raised its position in Powell Industries by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 7,711 shares of the industrial products company’s stock worth $1,712,000 after acquiring an additional 60 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Powell Industries by 110.5% in the third quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 105 shares in the last quarter. KBC Group NV grew its position in shares of Powell Industries by 35.1% in 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. Finally, Hollencrest Capital Management purchased a new position in shares of Powell Industries during the 3rd quarter worth approximately $30,000. 89.77% of the stock is owned by hedge funds and other institutional investors.

Powell Industries Stock Up 2.6 %

POWL opened at $169.71 on Friday. Powell Industries, Inc. has a 52-week low of $122.00 and a 52-week high of $364.98. The company has a 50 day moving average of $228.94 and a two-hundred day moving average of $234.16. The company has a market cap of $2.05 billion, a P/E ratio of 12.89, a P/E/G ratio of 0.98 and a beta of 0.87.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $2.86 EPS 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%. Research 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 announced 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 represents a $1.07 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Wednesday, February 19th. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend payout ratio (DPR) is currently 8.12%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on POWL shares. Roth Mkm assumed coverage on Powell Industries in a report on Wednesday, December 11th. They issued a “buy” rating and a $312.00 price target 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 shares of Powell Industries from a “hold” rating to a “buy” rating in a report on Sunday, February 23rd.

Powell Industries 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.