RPG Investment Advisory LLC Invests $7.72 Million in Powell Industries, Inc. (NASDAQ:POWL)

RPG Investment Advisory LLC bought a new position in shares of Powell Industries, Inc. (NASDAQ:POWL) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 34,837 shares of the industrial products company’s stock, valued at approximately $7,722,000.

Other large investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new stake in Powell Industries during the 4th quarter worth approximately $26,000. Hollencrest Capital Management purchased a new stake in Powell Industries during the 3rd quarter worth approximately $30,000. Quest Partners LLC purchased a new stake in Powell Industries during the 3rd quarter worth approximately $35,000. Blue Trust Inc. purchased a new stake in Powell Industries during the 4th quarter worth approximately $40,000. Finally, Farther Finance Advisors LLC increased its stake in 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 buying an additional 105 shares during the period. 89.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Powell Industries Price Performance

NASDAQ POWL opened at $177.25 on Monday. The firm’s fifty day moving average price is $236.27 and its 200 day moving average price is $234.94. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 0.98 and a beta of 0.87. Powell Industries, Inc. has a 12 month low of $122.00 and a 12 month high of $364.98.

Powell Industries (NASDAQ:POWL) last posted its earnings results on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, beating 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%. As a group, sell-side analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current 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 paid a dividend of $0.2675 per share. The ex-dividend date is Wednesday, February 19th. This represents a $1.07 dividend on an annualized basis and a yield of 0.60%. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend payout ratio is currently 8.12%.

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.