Savant Capital LLC Increases Stock Position in Powell Industries, Inc. (NASDAQ:POWL)

Savant Capital LLC grew its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 2.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,848 shares of the industrial products company’s stock after buying an additional 177 shares during the period. Savant Capital LLC owned 0.06% of Powell Industries worth $1,518,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new stake in Powell Industries during the third quarter valued at about $30,000. Quest Partners LLC purchased a new stake in shares of Powell Industries during the 3rd quarter worth about $35,000. Blue Trust Inc. purchased a new stake in shares of Powell Industries during the 4th quarter worth about $43,000. Farther Finance Advisors LLC grew its holdings in shares of Powell Industries by 110.5% during 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, Covestor Ltd grew its stake in Powell Industries by 21.8% during the third quarter. Covestor Ltd now owns 229 shares of the industrial products company’s stock worth $51,000 after buying an additional 41 shares during the period. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Roth Mkm initiated coverage on shares of Powell Industries in a research note on Wednesday, December 11th. They set a “buy” rating and a $312.00 price objective for the company. StockNews.com raised shares of Powell Industries from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, Roth Capital raised Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th.

Powell Industries Stock Up 2.3 %

NASDAQ POWL opened at $214.25 on Friday. The stock has a market cap of $2.58 billion, a PE ratio of 16.27, a P/E/G ratio of 1.28 and a beta of 0.87. The business has a 50 day moving average price of $243.67 and a two-hundred day moving average price of $232.00. Powell Industries, Inc. has a fifty-two week low of $122.00 and a fifty-two week high of $364.98.

Powell Industries (NASDAQ:POWL) last announced its earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.03. Powell Industries had a net margin of 15.15% and a return on equity of 36.66%. Sell-side analysts anticipate that Powell Industries, Inc. will post 13.7 EPS for the current fiscal year.

Powell Industries Increases Dividend

The firm also recently declared 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 of this dividend is Wednesday, February 19th. This represents a $1.07 dividend on an annualized basis and a yield of 0.50%. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend 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.