Horizon Investments LLC Grows Stock Position in Powell Industries, Inc. (NASDAQ:POWL)

Horizon Investments LLC lifted its stake in Powell Industries, Inc. (NASDAQ:POWL) by 136.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,290 shares of the industrial products company’s stock after buying an additional 5,362 shares during the period. Horizon Investments LLC’s holdings in Powell Industries were worth $2,059,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of POWL. Principal Securities Inc. purchased a new position in shares of Powell Industries in the fourth quarter worth about $26,000. Quest Partners LLC purchased a new position in Powell Industries during the 3rd quarter valued at about $35,000. Smartleaf Asset Management LLC increased its holdings in Powell Industries by 455.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 132 shares during the period. Blue Trust Inc. purchased a new position in Powell Industries during the 4th quarter valued at about $40,000. Finally, SBI Securities Co. Ltd. purchased a new position in Powell Industries during the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Powell Industries Stock Performance

Powell Industries stock opened at $181.50 on Wednesday. The stock’s 50 day simple moving average is $212.71 and its two-hundred day simple moving average is $234.41. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 0.98 and a beta of 0.83. 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 issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates 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, analysts predict that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th will be given a $0.2675 dividend. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Wednesday, February 19th. Powell Industries’s payout ratio is currently 8.12%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Roth Mkm assumed coverage on Powell Industries in a report on Wednesday, December 11th. They set a “buy” rating and a $312.00 price target on the stock. Roth Capital upgraded Powell Industries to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, StockNews.com upgraded Powell Industries from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th.

Powell Industries Company 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.