3,255 Shares in Powell Industries, Inc. (NASDAQ:POWL) Acquired by Ieq Capital LLC

Ieq Capital LLC acquired a new stake in Powell Industries, Inc. (NASDAQ:POWL) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 3,255 shares of the industrial products company’s stock, valued at approximately $721,000.

Other large investors also recently modified their holdings of the company. Principal Securities Inc. purchased a new stake in shares of Powell Industries in the 4th quarter valued at approximately $26,000. Hollencrest Capital Management acquired a new position in shares of Powell Industries in the 3rd quarter valued at $30,000. Quest Partners LLC acquired a new position in shares of Powell Industries in the 3rd quarter valued at $35,000. Blue Trust Inc. acquired a new stake in Powell Industries during the 4th quarter worth $40,000. Finally, Farther Finance Advisors LLC boosted its stake 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 worth $44,000 after purchasing an additional 105 shares during the period. 89.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

POWL has been the subject of several recent analyst reports. Roth Mkm started coverage on shares of Powell Industries in a research note on Wednesday, December 11th. They issued a “buy” rating and a $312.00 target price for the company. Roth Capital upgraded shares of Powell Industries to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, StockNews.com raised shares of Powell Industries from a “hold” rating to a “buy” rating in a research note on Sunday.

Powell Industries Stock Performance

POWL opened at $170.46 on Wednesday. The company’s 50 day simple moving average is $233.19 and its 200 day simple moving average is $235.02. Powell Industries, Inc. has a 1 year low of $122.00 and a 1 year high of $364.98. The stock has a market capitalization of $2.06 billion, a PE ratio of 12.94, a P/E/G ratio of 0.98 and a beta of 0.87.

Powell Industries (NASDAQ:POWL) last released its earnings results 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 net margin of 15.15% and a return on equity of 35.48%. As a group, sell-side analysts expect that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th will be given a $0.2675 dividend. The ex-dividend date is Wednesday, February 19th. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 annualized dividend and a dividend yield of 0.63%. Powell Industries’s dividend payout ratio (DPR) is currently 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.