Sava Infond d.o.o. Buys New Shares in Powell Industries, Inc. (NASDAQ:POWL)

Sava Infond d.o.o. purchased a new position in shares of Powell Industries, Inc. (NASDAQ:POWL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 300 shares of the industrial products company’s stock, valued at approximately $66,000.

Other large investors have also added to or reduced their stakes in the company. Principal Securities Inc. purchased a new position in shares of Powell Industries in the fourth quarter worth about $26,000. Quest Partners LLC acquired a new position in Powell Industries in the 3rd quarter worth approximately $35,000. Smartleaf Asset Management LLC raised its position 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 worth $37,000 after buying an additional 132 shares during the last quarter. Blue Trust Inc. acquired a new stake in Powell Industries during the 4th quarter valued at approximately $40,000. Finally, Prestige Wealth Management Group LLC boosted its holdings in shares of Powell Industries by 100.0% in the 4th quarter. Prestige Wealth Management Group LLC now owns 200 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Powell Industries Price Performance

NASDAQ:POWL opened at $180.92 on Friday. The company has a 50 day moving average price of $205.55 and a 200-day moving average price of $234.86. Powell Industries, Inc. has a 1-year low of $122.00 and a 1-year high of $364.98. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 0.98 and a beta of 0.83.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, beating 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%. On average, sell-side analysts anticipate that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th were issued a $0.2675 dividend. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, February 19th. This represents a $1.07 dividend on an annualized basis and a yield of 0.59%. Powell Industries’s dividend payout ratio is presently 8.12%.

Wall Street Analysts Forecast Growth

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

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.