Smartleaf Asset Management LLC Buys 132 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Smartleaf Asset Management LLC grew its stake in Powell Industries, Inc. (NASDAQ:POWL) by 455.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161 shares of the industrial products company’s stock after purchasing an additional 132 shares during the period. Smartleaf Asset Management LLC’s holdings in Powell Industries were worth $37,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC acquired a new stake in Powell Industries during the third quarter worth about $260,000. Farther Finance Advisors LLC grew its position in Powell Industries by 110.5% during the third quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company’s stock worth $44,000 after buying an additional 105 shares in the last quarter. Principal Financial Group Inc. grew its position in Powell Industries by 5.7% during the third quarter. Principal Financial Group Inc. now owns 51,507 shares of the industrial products company’s stock worth $11,434,000 after buying an additional 2,793 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Powell Industries by 8.3% during the 3rd quarter. Assetmark Inc. now owns 12,158 shares of the industrial products company’s stock worth $2,699,000 after purchasing an additional 933 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of Powell Industries by 21.8% during the 3rd quarter. Covestor Ltd now owns 229 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 89.77% of the company’s stock.

Analyst Ratings Changes

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

Powell Industries Trading Up 3.3 %

NASDAQ POWL opened at $163.49 on Wednesday. The stock’s 50 day moving average is $219.02 and its two-hundred day moving average is $234.43. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 0.98 and a beta of 0.84. Powell Industries, Inc. has a 1-year low of $122.00 and a 1-year high of $364.98.

Powell Industries (NASDAQ:POWL) last announced 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 return on equity of 35.48% and a net margin of 15.15%. On average, analysts predict that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th will be given a $0.2675 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 dividend on an annualized basis and a yield of 0.65%. Powell Industries’s payout ratio is 8.12%.

About Powell Industries

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.