IQ EQ FUND MANAGEMENT IRELAND Ltd Acquires New Shares in Powell Industries, Inc. (NASDAQ:POWL)

IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of Powell Industries, Inc. (NASDAQ:POWL) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,139 shares of the industrial products company’s stock, valued at approximately $252,000.

Other large investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. bought a new position in shares of Powell Industries during the fourth quarter worth about $26,000. Quest Partners LLC acquired a new position in Powell Industries during the 3rd quarter valued at about $35,000. Smartleaf Asset Management LLC grew its position in Powell Industries by 455.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 132 shares during the last quarter. Blue Trust Inc. acquired a new stake in shares of Powell Industries in the fourth quarter valued at approximately $40,000. Finally, Prestige Wealth Management Group LLC raised its holdings in shares of Powell Industries by 100.0% during the fourth quarter. Prestige Wealth Management Group LLC now owns 200 shares of the industrial products company’s stock valued at $44,000 after buying an additional 100 shares during the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds.

Powell Industries Price Performance

NASDAQ POWL opened at $176.72 on Friday. The firm has a market capitalization of $2.13 billion, a PE ratio of 13.42, a P/E/G ratio of 0.98 and a beta of 0.83. Powell Industries, Inc. has a 12 month low of $122.00 and a 12 month high of $364.98. The company’s 50 day simple moving average is $203.86 and its 200 day simple moving average is $235.01.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings results 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%. Sell-side analysts anticipate that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th were issued a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 0.61%. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, February 19th. Powell Industries’s dividend payout ratio is presently 8.12%.

Analysts Set New Price Targets

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

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.