Powell Industries, Inc. (NASDAQ:POWL) Shares Purchased by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC grew its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL) by 17.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,016 shares of the industrial products company’s stock after purchasing an additional 10,725 shares during the period. Stephens Investment Management Group LLC owned 0.60% of Powell Industries worth $15,962,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. State Street Corp raised its stake in Powell Industries by 0.9% during the third quarter. State Street Corp now owns 362,717 shares of the industrial products company’s stock worth $80,520,000 after acquiring an additional 3,403 shares during the period. Geode Capital Management LLC grew its holdings in shares of Powell Industries by 3.9% during the third quarter. Geode Capital Management LLC now owns 257,049 shares of the industrial products company’s stock valued at $57,071,000 after purchasing an additional 9,692 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Powell Industries during the 3rd quarter worth approximately $30,038,000. Victory Capital Management Inc. lifted its holdings in shares of Powell Industries by 1,119.3% in the 3rd quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company’s stock worth $21,886,000 after purchasing an additional 90,504 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Powell Industries by 12.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 93,845 shares of the industrial products company’s stock worth $20,833,000 after purchasing an additional 10,352 shares during the last quarter. 89.77% of the stock is currently owned by institutional investors.

Powell Industries Price Performance

Shares of POWL stock opened at $228.83 on Monday. The business has a 50 day simple moving average of $249.01 and a 200 day simple moving average of $231.17. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 1.28 and a beta of 0.87. Powell Industries, Inc. has a 12-month low of $122.00 and a 12-month high of $364.98.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.03. Powell Industries had a return on equity of 36.66% and a net margin of 15.15%. On average, equities analysts anticipate that Powell Industries, Inc. will post 13.7 EPS for the current fiscal year.

Powell Industries Increases Dividend

The business 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 dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.47%. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, February 19th. Powell Industries’s payout ratio is 8.12%.

Analysts Set New Price Targets

A number of research analysts recently commented on POWL shares. Roth Capital upgraded Powell Industries to a “strong-buy” rating in a research note on Tuesday, December 10th. Roth Mkm initiated coverage on shares of Powell Industries in a research report on Wednesday, December 11th. They set a “buy” rating and a $312.00 price target for the company. Finally, StockNews.com upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a research report on Friday.

Powell Industries Company 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.