Powell Industries, Inc. (NASDAQ:POWL) Holdings Raised by Navellier & Associates Inc.

Navellier & Associates Inc. boosted its stake in Powell Industries, Inc. (NASDAQ:POWL) by 46.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,261 shares of the industrial products company’s stock after buying an additional 10,188 shares during the period. Powell Industries accounts for 0.9% of Navellier & Associates Inc.’s portfolio, making the stock its 25th biggest holding. Navellier & Associates Inc.’s holdings in Powell Industries were worth $7,151,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Powell Industries by 0.9% in the 3rd 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 lifted its position in Powell Industries by 3.9% in the third quarter. Geode Capital Management LLC now owns 257,049 shares of the industrial products company’s stock worth $57,071,000 after purchasing an additional 9,692 shares during the period. Wellington Management Group LLP acquired a new stake in Powell Industries in the third quarter worth approximately $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 in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of 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 period. Institutional investors and hedge funds own 89.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on POWL. StockNews.com lowered Powell Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 15th. Roth Capital raised shares of Powell Industries to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Roth Mkm started coverage on shares of Powell Industries in a research note on Wednesday, December 11th. They issued a “buy” rating and a $312.00 price objective on the stock.

Powell Industries Stock Performance

NASDAQ POWL opened at $177.25 on Friday. Powell Industries, Inc. has a 1 year low of $122.00 and a 1 year high of $364.98. The business’s fifty day moving average is $236.27 and its two-hundred day moving average is $233.90. The stock has a market capitalization of $2.14 billion, a P/E ratio of 13.46, a P/E/G ratio of 0.98 and a beta of 0.87.

Powell Industries (NASDAQ:POWL) last announced its earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.03. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. On average, research analysts forecast 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 will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th will be issued a dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a yield of 0.60%. The ex-dividend date is Wednesday, February 19th. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s payout ratio is presently 8.12%.

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.