Liberty Capital Management Inc. Makes New $563,000 Investment in Powell Industries, Inc. (NASDAQ:POWL)

Liberty Capital Management Inc. purchased a new stake in Powell Industries, Inc. (NASDAQ:POWLFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,542 shares of the industrial products company’s stock, valued at approximately $563,000.

Other large investors have also modified their holdings of the company. Kestra Private Wealth Services LLC lifted its stake in Powell Industries by 20.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 3,796 shares of the industrial products company’s stock valued at $841,000 after buying an additional 638 shares in the last quarter. Stephens Investment Management Group LLC raised its holdings in shares of Powell Industries by 17.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 72,016 shares of the industrial products company’s stock worth $15,962,000 after acquiring an additional 10,725 shares during the last quarter. WCM Investment Management LLC acquired a new position in shares of Powell Industries in the fourth quarter worth $14,261,000. Triasima Portfolio Management inc. purchased a new stake in shares of Powell Industries in the fourth quarter valued at $344,000. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of Powell Industries by 8.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 34,133 shares of the industrial products company’s stock valued at $7,566,000 after acquiring an additional 2,704 shares during the last quarter. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on POWL

Powell Industries Stock Performance

POWL opened at $228.83 on Monday. Powell Industries, Inc. has a 1 year low of $122.00 and a 1 year high of $364.98. The company’s 50 day simple moving average is $249.01 and its 200 day simple moving average is $231.17. The stock has a market capitalization of $2.76 billion, a PE ratio of 17.38, a P/E/G ratio of 1.28 and a beta of 0.87.

Powell Industries (NASDAQ:POWLGet Free Report) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share 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 36.66%. As a group, sell-side analysts expect that Powell Industries, Inc. will post 13.7 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th will be paid a dividend of $0.2675 per share. The ex-dividend date is Wednesday, February 19th. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 annualized dividend and a yield of 0.47%. Powell Industries’s dividend payout ratio is currently 8.05%.

Powell Industries Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Powell Industries (NASDAQ:POWL)

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