Sei Investments Co. Increases Stake in Powell Industries, Inc. (NASDAQ:POWL)

Sei Investments Co. lifted its position in Powell Industries, Inc. (NASDAQ:POWL) by 3.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,849 shares of the industrial products company’s stock after acquiring an additional 85 shares during the period. Sei Investments Co.’s holdings in Powell Industries were worth $631,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Hanseatic Management Services Inc. bought a new stake in Powell Industries in the fourth quarter worth about $248,000. Merit Financial Group LLC raised its holdings in shares of Powell Industries by 103.9% in the fourth quarter. Merit Financial Group LLC now owns 4,922 shares of the industrial products company’s stock worth $1,091,000 after buying an additional 2,508 shares during the period. Bay Rivers Group lifted its stake in shares of Powell Industries by 105.4% during the 4th quarter. Bay Rivers Group now owns 2,294 shares of the industrial products company’s stock worth $508,000 after acquiring an additional 1,177 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Powell Industries by 101.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 26,858 shares of the industrial products company’s stock valued at $5,962,000 after acquiring an additional 13,531 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Powell Industries in the 3rd quarter valued at $12,176,000. 89.77% of the stock is owned by hedge funds and other institutional investors.

Powell Industries Stock Down 3.0 %

POWL opened at $163.77 on Wednesday. The stock’s fifty day moving average is $187.71 and its two-hundred day moving average is $235.11. The company has a market capitalization of $1.98 billion, a P/E ratio of 12.44, a PEG ratio of 0.98 and a beta of 0.67. Powell Industries, Inc. has a 52 week low of $122.00 and a 52 week 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%. Equities analysts anticipate that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th were issued a $0.2675 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $1.07 annualized dividend and a dividend yield of 0.65%. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s payout ratio is currently 8.12%.

Wall Street Analyst Weigh In

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

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.