Vanguard Group Inc. Raises Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Vanguard Group Inc. lifted its holdings in Powell Industries, Inc. (NASDAQ:POWL) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 688,058 shares of the industrial products company’s stock after buying an additional 24,997 shares during the quarter. Vanguard Group Inc. owned 0.06% of Powell Industries worth $152,508,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of POWL. Principal Securities Inc. purchased a new stake in shares of Powell Industries during the 4th quarter worth $26,000. Smartleaf Asset Management LLC boosted its holdings in Powell Industries by 455.2% during the fourth 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 in the last quarter. Blue Trust Inc. acquired a new position in Powell Industries during the fourth quarter worth about $40,000. SBI Securities Co. Ltd. acquired a new position in Powell Industries during the fourth quarter worth about $57,000. Finally, Farther Finance Advisors LLC increased its holdings in Powell Industries by 90.5% in the fourth quarter. Farther Finance Advisors LLC now owns 381 shares of the industrial products company’s stock valued at $85,000 after buying an additional 181 shares in the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

Wall Street Analysts Forecast Growth

POWL has been the topic of a number of research reports. Roth Mkm initiated coverage on Powell Industries in a report on Wednesday, December 11th. They issued a “buy” rating and a $312.00 price target on the stock. StockNews.com upgraded Powell Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th. Finally, Roth Capital upgraded shares of Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th.

Powell Industries Price Performance

Shares of POWL opened at $168.81 on Tuesday. Powell Industries, Inc. has a 1-year low of $122.00 and a 1-year high of $364.98. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 0.98 and a beta of 0.67. The firm has a 50 day simple moving average of $190.73 and a 200-day simple moving average of $235.91.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (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, equities analysts expect that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.2675 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.63%. Powell Industries’s payout ratio is 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.