Dana Investment Advisors Inc. Sells 3,049 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Dana Investment Advisors Inc. decreased its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 27.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,962 shares of the industrial products company’s stock after selling 3,049 shares during the quarter. Dana Investment Advisors Inc. owned 0.07% of Powell Industries worth $1,765,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its position in shares of 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 acquiring an additional 3,403 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of 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 acquiring an additional 9,692 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Powell Industries during the 3rd quarter valued at about $30,038,000. Victory Capital Management Inc. boosted its position in shares of 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 acquiring an additional 90,504 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Powell Industries by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 94,482 shares of the industrial products company’s stock valued at $20,942,000 after acquiring an additional 637 shares in the last quarter. Institutional investors own 89.77% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on POWL. Roth Mkm began coverage on shares of Powell Industries in a research report on Wednesday, December 11th. They set a “buy” rating and a $312.00 target price on the stock. Roth Capital upgraded shares of Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, StockNews.com lowered shares of Powell Industries from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd.

Powell Industries Stock Up 3.5 %

NASDAQ:POWL opened at $162.86 on Friday. The firm has a market cap of $1.96 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 0.98 and a beta of 0.83. Powell Industries, Inc. has a 12 month low of $122.00 and a 12 month high of $364.98. The company’s 50-day moving average price is $222.93 and its two-hundred day moving average price is $233.99.

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

Powell Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th will be given a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.66%. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, February 19th. Powell Industries’s dividend 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.