LPL Financial LLC Buys 5,655 Shares of Powell Industries, Inc. (NASDAQ:POWL)

LPL Financial LLC increased its stake in Powell Industries, Inc. (NASDAQ:POWL) by 18.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,808 shares of the industrial products company’s stock after buying an additional 5,655 shares during the period. LPL Financial LLC’s holdings in Powell Industries were worth $8,158,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Securities Inc. bought a new stake in shares of Powell Industries in the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC boosted its stake in Powell Industries by 455.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 132 shares in the last quarter. Blue Trust Inc. purchased a new stake in Powell Industries during the 4th quarter valued at about $40,000. SBI Securities Co. Ltd. bought a new stake in Powell Industries during the 4th quarter valued at about $57,000. Finally, Farther Finance Advisors LLC raised its holdings in Powell Industries by 90.5% in the fourth quarter. Farther Finance Advisors LLC now owns 381 shares of the industrial products company’s stock worth $85,000 after buying an additional 181 shares during the last quarter. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Powell Industries Stock Down 3.2 %

Shares of NASDAQ:POWL opened at $164.45 on Friday. The firm’s 50 day moving average price is $192.23 and its 200-day moving average price is $235.70. The stock has a market capitalization of $1.98 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 0.98 and a beta of 0.83. Powell Industries, Inc. has a twelve month low of $122.00 and a twelve month high of $364.98.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.03. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. Analysts expect that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th were given a $0.2675 dividend. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, February 19th. This represents a $1.07 dividend on an annualized basis and a yield of 0.65%. Powell Industries’s dividend payout ratio is presently 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.