1,554 Shares in Powell Industries, Inc. (NASDAQ:POWL) Bought by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. purchased a new stake in shares of Powell Industries, Inc. (NASDAQ:POWL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,554 shares of the industrial products company’s stock, valued at approximately $344,000.

A number of other large investors have also recently bought and sold shares of the business. Cumberland Partners Ltd bought a new stake in shares of Powell Industries during the 3rd quarter valued at about $555,000. Loomis Sayles & Co. L P bought a new position in shares of Powell Industries during the 3rd quarter worth approximately $7,225,000. Victory Capital Management Inc. grew 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 worth $21,886,000 after buying an additional 90,504 shares during the period. Great Valley Advisor Group Inc. increased its stake in shares of Powell Industries by 34.8% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 10,947 shares of the industrial products company’s stock valued at $2,430,000 after acquiring an additional 2,827 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Powell Industries by 5.7% in the 3rd quarter. Principal Financial Group Inc. now owns 51,507 shares of the industrial products company’s stock valued at $11,434,000 after acquiring an additional 2,793 shares in the last quarter. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on POWL shares. StockNews.com upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a report on Friday. Roth Mkm assumed coverage on Powell Industries in a research note 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 research note on Tuesday, December 10th.

Powell Industries Trading Down 6.5 %

Shares of POWL stock opened at $228.83 on Friday. Powell Industries, Inc. has a 12 month low of $122.00 and a 12 month high of $364.98. The firm has a market capitalization of $2.76 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 1.25 and a beta of 0.87. The firm has a fifty day simple moving average of $249.01 and a two-hundred day simple moving average of $229.88.

Powell Industries (NASDAQ:POWL) last posted its earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.03. Powell Industries had a net margin of 14.80% and a return on equity of 35.68%. On average, equities analysts predict that Powell Industries, Inc. will post 13.7 earnings per share 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 issued a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Wednesday, February 19th. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend payout ratio (DPR) is currently 8.62%.

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.