195 Shares in Powell Industries, Inc. (NASDAQ:POWL) Purchased by Tucker Asset Management LLC

Tucker Asset Management LLC bought a new position in shares of Powell Industries, Inc. (NASDAQ:POWL) during the fourth quarter, Holdings Channel reports. The fund bought 195 shares of the industrial products company’s stock, valued at approximately $43,000.

Several other institutional investors and hedge funds also recently bought and sold shares of POWL. Principal Securities Inc. acquired a new stake in shares of Powell Industries during the 4th quarter worth approximately $26,000. Quest Partners LLC acquired a new stake in Powell Industries during the third quarter worth $35,000. Smartleaf Asset Management LLC increased its stake 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 acquiring an additional 132 shares during the last quarter. Blue Trust Inc. purchased a new stake in Powell Industries in the fourth quarter valued at $40,000. Finally, Prestige Wealth Management Group LLC lifted its stake in shares of Powell Industries by 100.0% in the 4th quarter. Prestige Wealth Management Group LLC now owns 200 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 100 shares during the last quarter. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

POWL has been the topic of several research analyst reports. StockNews.com upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a 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 started coverage on shares of Powell Industries in a report on Wednesday, December 11th. They issued a “buy” rating and a $312.00 target price for the company.

Powell Industries Price Performance

Shares of Powell Industries stock opened at $176.72 on Friday. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 0.98 and a beta of 0.83. The business has a 50-day moving average of $203.86 and a 200 day moving average of $235.56. Powell Industries, Inc. has a 12 month low of $122.00 and a 12 month high of $364.98.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings data 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 net margin of 15.15% and a return on equity of 35.48%. Equities research analysts anticipate that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th were given a dividend of $0.2675 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.61%. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend payout ratio is currently 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.