Powell Industries, Inc. (NASDAQ:POWL) Shares Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. grew its position in shares of Powell Industries, Inc. (NASDAQ:POWL) by 39.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,396 shares of the industrial products company’s stock after purchasing an additional 680 shares during the period. Fox Run Management L.L.C.’s holdings in Powell Industries were worth $531,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in POWL. Quest Partners LLC purchased a new stake in Powell Industries during the 3rd quarter worth $35,000. Charles Schwab Investment Management Inc. grew its stake in shares of Powell Industries by 12.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 93,845 shares of the industrial products company’s stock valued at $20,833,000 after acquiring an additional 10,352 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Powell Industries during the third quarter worth about $2,059,000. Daiwa Securities Group Inc. lifted its stake in shares of Powell Industries by 329.3% in the third quarter. Daiwa Securities Group Inc. now owns 4,563 shares of the industrial products company’s stock worth $1,013,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Independent Advisor Alliance purchased a new position in Powell Industries in the third quarter valued at about $3,690,000. 89.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

POWL has been the topic of several analyst reports. StockNews.com upgraded Powell Industries from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th. Roth Mkm initiated coverage on shares of Powell Industries in a research note on Wednesday, December 11th. They issued a “buy” rating and a $312.00 price target for the company. Finally, Roth Capital raised shares of Powell Industries to a “strong-buy” rating in a report on Tuesday, December 10th.

Powell Industries Price Performance

Powell Industries stock opened at $196.11 on Wednesday. Powell Industries, Inc. has a 12 month low of $122.00 and a 12 month high of $364.98. The company has a fifty day moving average price of $208.35 and a two-hundred day moving average price of $235.59. The company has a market cap of $2.37 billion, a PE ratio of 14.89, a P/E/G ratio of 0.98 and a beta of 0.83.

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

Powell Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th were paid a $0.2675 dividend. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Wednesday, February 19th. Powell Industries’s payout ratio is presently 8.12%.

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.