Blue Trust Inc. Takes $43,000 Position in Powell Industries, Inc. (NASDAQ:POWL)

Blue Trust Inc. bought a new position in shares of Powell Industries, Inc. (NASDAQ:POWL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 192 shares of the industrial products company’s stock, valued at approximately $43,000.

A number of other institutional investors have also made changes to their positions in the business. Hollencrest Capital Management acquired a new stake in Powell Industries during the 3rd quarter valued at $30,000. Quest Partners LLC bought a new position in shares of Powell Industries in the third quarter valued at about $35,000. Farther Finance Advisors LLC lifted its stake in shares of 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 last quarter. Covestor Ltd boosted its holdings in shares of Powell Industries by 21.8% during the 3rd quarter. Covestor Ltd now owns 229 shares of the industrial products company’s stock worth $51,000 after buying an additional 41 shares during the period. Finally, UMB Bank n.a. grew its stake in Powell Industries by 155.3% in the 3rd quarter. UMB Bank n.a. now owns 314 shares of the industrial products company’s stock valued at $70,000 after buying an additional 191 shares during the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds.

Powell Industries Stock Down 6.5 %

Shares of Powell Industries stock opened at $228.83 on Monday. The company has a 50-day simple moving average of $249.01 and a two-hundred day simple moving average of $231.17. Powell Industries, Inc. has a twelve month low of $122.00 and a twelve month high of $364.98. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 1.28 and a beta of 0.87.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.03. Powell Industries had a return on equity of 36.66% and a net margin of 15.15%. On average, sell-side analysts anticipate that Powell Industries, Inc. will post 13.7 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th will be given a $0.2675 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.47%. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend payout ratio (DPR) is presently 8.12%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on POWL shares. Roth Mkm started coverage on Powell Industries in a report on Wednesday, December 11th. They set a “buy” rating and a $312.00 price objective for the company. StockNews.com upgraded Powell Industries from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Roth Capital raised Powell Industries to a “strong-buy” rating in a report on Tuesday, December 10th.

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.