Smartleaf Asset Management LLC Has $37,000 Stock Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Smartleaf Asset Management LLC lifted its stake in Powell Industries, Inc. (NASDAQ:POWL) by 455.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 161 shares of the industrial products company’s stock after acquiring an additional 132 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Powell Industries were worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Illumine Investment Management LLC acquired a new position in Powell Industries in the 4th quarter worth about $1,567,000. Proficio Capital Partners LLC acquired a new position in Powell Industries in the fourth quarter worth approximately $3,095,000. Central Asset Investments & Management Holdings HK Ltd acquired a new position in Powell Industries in the fourth quarter worth approximately $332,000. Cable Hill Partners LLC acquired a new position in Powell Industries in the fourth quarter worth approximately $223,000. Finally, Los Angeles Capital Management LLC increased its stake in shares of Powell Industries by 2.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 13,809 shares of the industrial products company’s stock worth $3,061,000 after purchasing an additional 283 shares during the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds.

Powell Industries Stock Up 3.3 %

Shares of POWL stock opened at $163.49 on Wednesday. Powell Industries, Inc. has a 12 month low of $122.00 and a 12 month high of $364.98. The business’s 50 day moving average is $219.02 and its two-hundred day moving average is $234.43. The company has a market cap of $1.97 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 0.98 and a beta of 0.84.

Powell Industries (NASDAQ:POWL) last posted its earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts expect that Powell Industries, Inc. will post 13.71 EPS 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 given a $0.2675 dividend. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Wednesday, February 19th. Powell Industries’s dividend payout ratio (DPR) is currently 8.12%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Roth Capital upgraded shares of Powell Industries to a “strong-buy” rating in a research note on Tuesday, December 10th. Roth Mkm began 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 on the stock. Finally, StockNews.com raised Powell Industries from a “hold” rating to a “buy” rating in a report on Tuesday.

Powell Industries Company 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.