Intrust Bank NA Acquires Shares of 1,451 Powell Industries, Inc. (NASDAQ:POWL)

Intrust Bank NA bought a new stake in Powell Industries, Inc. (NASDAQ:POWL) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,451 shares of the industrial products company’s stock, valued at approximately $322,000.

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

Analyst Ratings Changes

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

Powell Industries Trading Down 2.3 %

POWL opened at $176.72 on Monday. Powell Industries, Inc. has a 12 month low of $122.00 and a 12 month high of $364.98. The business’s 50-day moving average price is $203.86 and its 200-day moving average price is $236.07. The company has a market cap of $2.13 billion, a P/E ratio of 13.42, a P/E/G ratio of 0.98 and a beta of 0.83.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $2.86 earnings per share 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 research analysts forecast 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. Shareholders of record on Wednesday, February 19th were given a dividend of $0.2675 per share. The ex-dividend date was Wednesday, February 19th. This represents a $1.07 annualized dividend and a yield of 0.61%. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend payout ratio is presently 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.