Private Advisor Group LLC Has $496,000 Stock Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Private Advisor Group LLC increased its position in Powell Industries, Inc. (NASDAQ:POWL) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,238 shares of the industrial products company’s stock after buying an additional 148 shares during the period. Private Advisor Group LLC’s holdings in Powell Industries were worth $496,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in POWL. State Street Corp boosted its stake in Powell Industries by 0.9% during the 3rd quarter. State Street Corp now owns 362,717 shares of the industrial products company’s stock valued at $80,520,000 after purchasing an additional 3,403 shares during the last quarter. Geode Capital Management LLC boosted its stake in Powell Industries by 3.9% during the 3rd 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 position in Powell Industries during the 3rd quarter valued at about $30,038,000. Victory Capital Management Inc. boosted its stake in Powell Industries by 1,119.3% during the 3rd quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company’s stock valued at $21,886,000 after purchasing an additional 90,504 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Powell Industries by 12.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 93,845 shares of the industrial products company’s stock valued at $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 and hedge funds.

Powell Industries Stock Down 8.0 %

Powell Industries stock opened at $156.10 on Tuesday. Powell Industries, Inc. has a 52 week low of $122.00 and a 52 week high of $364.98. The company’s 50 day moving average price is $227.38 and its two-hundred day moving average price is $235.13. The stock has a market cap of $1.88 billion, a P/E ratio of 11.85, a P/E/G ratio of 0.98 and a beta of 0.87.

Powell Industries (NASDAQ:POWL) last posted its earnings results on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, topping 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%. On average, equities analysts anticipate that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $1.07 annualized dividend and a dividend yield of 0.69%. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend payout ratio (DPR) is currently 8.12%.

Wall Street Analysts Forecast Growth

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

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.