Thrivent Financial for Lutherans Has $1.60 Million Position in Powell Industries, Inc. (NASDAQ:POWL)

Thrivent Financial for Lutherans lessened its position in shares of Powell Industries, Inc. (NASDAQ:POWL) by 1.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,228 shares of the industrial products company’s stock after selling 115 shares during the period. Thrivent Financial for Lutherans’ holdings in Powell Industries were worth $1,602,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Principal Securities Inc. bought a new position in Powell Industries in the fourth quarter valued at about $26,000. Quest Partners LLC acquired a new stake in shares of Powell Industries in the 3rd quarter valued at approximately $35,000. Smartleaf Asset Management LLC grew its holdings in shares of 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 last quarter. Blue Trust Inc. acquired a new position in Powell Industries during the 4th quarter worth approximately $40,000. Finally, SBI Securities Co. Ltd. bought a new position in Powell Industries in the 4th quarter valued at approximately $57,000. Institutional investors and hedge funds own 89.77% of the company’s stock.

Powell Industries Price Performance

NASDAQ:POWL opened at $176.72 on Monday. Powell Industries, Inc. has a one year low of $122.00 and a one year high of $364.98. The company has a market cap of $2.13 billion, a PE ratio of 13.42, a P/E/G ratio of 0.98 and a beta of 0.83. The firm’s 50 day simple moving average is $203.86 and its 200 day simple moving average is $236.07.

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 net margin of 15.15% and a return on equity of 35.48%. Equities research analysts expect that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th were given a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Wednesday, February 19th. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s payout ratio is 8.12%.

Analyst Ratings Changes

POWL has been the topic of a number of research reports. Roth Capital raised shares of Powell Industries to a “strong-buy” rating in a research note on Tuesday, December 10th. Roth Mkm started coverage on Powell Industries in a research report on Wednesday, December 11th. They set a “buy” rating and a $312.00 price objective on the stock. Finally, StockNews.com raised Powell Industries from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th.

Powell Industries 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.