NEOS Investment Management LLC Makes New $479,000 Investment in Powell Industries, Inc. (NASDAQ:POWL)

NEOS Investment Management LLC bought a new stake in shares of Powell Industries, Inc. (NASDAQ:POWL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,160 shares of the industrial products company’s stock, valued at approximately $479,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Principal Securities Inc. bought a new position in Powell Industries during the fourth quarter valued at $26,000. Quest Partners LLC bought a new position in shares of Powell Industries in the 3rd quarter valued at about $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 during the fourth quarter valued at approximately $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 owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Roth Capital upgraded Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th. Roth Mkm assumed 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. Finally, StockNews.com upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th.

Powell Industries Stock Down 2.3 %

Shares of Powell Industries stock opened at $176.72 on Monday. The stock’s fifty day moving average is $203.86 and its two-hundred day moving average is $236.07. Powell Industries, Inc. has a 52 week low of $122.00 and a 52 week high of $364.98. The company has a market capitalization of $2.13 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 0.98 and a beta of 0.83.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.03. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. As a group, 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 declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Wednesday, February 19th. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s 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.