SBI Securities Co. Ltd. Invests $57,000 in Powell Industries, Inc. (NASDAQ:POWL)

SBI Securities Co. Ltd. bought a new position in Powell Industries, Inc. (NASDAQ:POWL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 258 shares of the industrial products company’s stock, valued at approximately $57,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in POWL. Principal Securities Inc. purchased a new position in shares of Powell Industries in the fourth quarter valued at about $26,000. Quest Partners LLC bought a new stake in shares of Powell Industries in the third quarter worth about $35,000. Smartleaf Asset Management LLC increased its holdings in Powell Industries by 455.2% during the 4th 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. bought a new position in Powell Industries during the 4th quarter valued at approximately $40,000. Finally, Farther Finance Advisors LLC raised its position in Powell Industries by 110.5% during the 3rd 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 during the last quarter. 89.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Roth Capital raised Powell Industries to a “strong-buy” rating in a research note on Tuesday, December 10th. Roth Mkm started coverage on shares of Powell Industries in a report on Wednesday, December 11th. They issued a “buy” rating and a $312.00 price target on the stock. Finally, StockNews.com upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a report on Tuesday.

Powell Industries Stock Performance

POWL stock opened at $158.20 on Tuesday. Powell Industries, Inc. has a fifty-two week low of $122.00 and a fifty-two week high of $364.98. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 0.98 and a beta of 0.83. The business’s 50 day moving average price is $220.19 and its two-hundred day moving average price is $234.64.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share 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%. Sell-side analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th will be paid a $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.68%. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, February 19th. Powell Industries’s dividend payout ratio (DPR) is presently 8.12%.

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.