Independent Advisor Alliance Acquires 3,421 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Independent Advisor Alliance raised its holdings in Powell Industries, Inc. (NASDAQ:POWL) by 20.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,042 shares of the industrial products company’s stock after purchasing an additional 3,421 shares during the period. Independent Advisor Alliance’s holdings in Powell Industries were worth $4,442,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Covestor Ltd grew its stake in Powell Industries by 21.8% in the 3rd quarter. Covestor Ltd now owns 229 shares of the industrial products company’s stock valued at $51,000 after buying an additional 41 shares in the last quarter. Chartwell Investment Partners LLC raised its stake in shares of Powell Industries by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 7,711 shares of the industrial products company’s stock valued at $1,712,000 after purchasing an additional 60 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Powell Industries by 10.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 979 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 90 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Powell Industries by 110.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 105 shares during the period. Finally, KBC Group NV grew its holdings in Powell Industries by 35.1% during the 4th quarter. KBC Group NV now owns 435 shares of the industrial products company’s stock valued at $96,000 after buying an additional 113 shares in the last quarter. Institutional investors own 89.77% of the company’s stock.

Powell Industries Trading Up 3.3 %

Shares of NASDAQ POWL opened at $163.49 on Wednesday. Powell Industries, Inc. has a 12 month low of $122.00 and a 12 month high of $364.98. The firm has a fifty day simple moving average of $219.02 and a two-hundred day simple moving average of $234.43. The firm has a market capitalization of $1.97 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 0.98 and a beta of 0.84.

Powell Industries (NASDAQ:POWL) last released 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 return on equity of 35.48% and a net margin of 15.15%. On average, sell-side analysts predict that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th will be issued a $0.2675 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $1.07 annualized dividend and a dividend yield of 0.65%. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s payout ratio is presently 8.12%.

Analyst Ratings Changes

POWL has been the subject of a number of analyst reports. StockNews.com upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a research report on Tuesday. 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 Powell Industries in a report on Wednesday, December 11th. They set a “buy” rating and a $312.00 price objective on the stock.

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.