J2 Capital Management Inc Purchases New Position in Powell Industries, Inc. $POWL

J2 Capital Management Inc purchased a new stake in Powell Industries, Inc. (NASDAQ:POWL) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 3,824 shares of the industrial products company’s stock, valued at approximately $1,166,000. Powell Industries accounts for about 0.9% of J2 Capital Management Inc’s portfolio, making the stock its 18th largest holding.

Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group lifted its position in Powell Industries by 168.8% in the first quarter. Brooklyn Investment Group now owns 172 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 108 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Powell Industries in the 2nd quarter valued at approximately $33,000. State of Wyoming purchased a new stake in shares of Powell Industries in the second quarter valued at approximately $33,000. Manchester Capital Management LLC grew its stake in shares of Powell Industries by 42.9% during the 2nd quarter. Manchester Capital Management LLC now owns 200 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 60 shares during the period. Finally, Virtus Advisers LLC purchased a new stake in Powell Industries during the second quarter worth about $46,000. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Powell Industries Trading Up 1.3%

Shares of Powell Industries stock opened at $332.90 on Monday. Powell Industries, Inc. has a twelve month low of $146.02 and a twelve month high of $413.00. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 1.56 and a beta of 0.87. The company has a fifty day moving average price of $341.35 and a 200 day moving average price of $279.77.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings data on Tuesday, November 18th. The industrial products company reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $3.76 by $0.46. Powell Industries had a return on equity of 31.80% and a net margin of 16.37%.The company had revenue of $297.98 million for the quarter, compared to analysts’ expectations of $292.85 million. During the same quarter in the previous year, the firm posted $3.77 earnings per share. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. Analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th were given a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, November 19th. Powell Industries’s payout ratio is presently 7.21%.

Analysts Set New Price Targets

A number of brokerages have issued reports on POWL. Wall Street Zen upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Powell Industries in a research note on Monday, December 8th. Finally, Roth Capital reissued a “buy” rating and set a $350.00 price objective on shares of Powell Industries in a research note on Wednesday, November 19th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $350.00.

About Powell Industries

Powell Industries, Inc is an industrial electrical engineering company specializing in the design, manufacture and integration of customized power control and distribution solutions. The firm’s offerings range from medium?voltage switchgear and power control centers to bus duct, motor control centers and specialty transformers. Powell also provides automation systems, protective relaying, metering, supervisory control and data acquisition (SCADA) platforms, and turnkey engineering services to help clients manage critical power infrastructure.

Serving the oil and gas, petrochemical, refining, utility, mining and industrial sectors, Powell’s products are engineered to meet demanding performance, safety and reliability requirements.