Triasima Portfolio Management inc. Purchases New Shares in Powell Industries, Inc. (NASDAQ:POWL)

Triasima Portfolio Management inc. acquired a new position in Powell Industries, Inc. (NASDAQ:POWL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,554 shares of the industrial products company’s stock, valued at approximately $344,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in POWL. Covestor Ltd grew its holdings in shares of Powell Industries by 21.8% in the third quarter. Covestor Ltd now owns 229 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 41 shares in the last quarter. Chartwell Investment Partners LLC boosted its position in Powell Industries by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 7,711 shares of the industrial products company’s stock worth $1,712,000 after purchasing an additional 60 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Powell Industries by 110.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 105 shares during the period. KBC Group NV raised its position in Powell Industries by 35.1% in the fourth quarter. KBC Group NV now owns 435 shares of the industrial products company’s stock worth $96,000 after acquiring an additional 113 shares during the period. Finally, Diversified Trust Co boosted its stake in Powell Industries by 7.1% in the third quarter. Diversified Trust Co now owns 1,733 shares of the industrial products company’s stock valued at $385,000 after acquiring an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Analysts Set New Price Targets

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

Powell Industries Stock Down 6.5 %

NASDAQ POWL opened at $228.83 on Friday. The firm has a market cap of $2.76 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 1.25 and a beta of 0.87. The company’s 50 day moving average is $249.01 and its 200-day moving average is $229.88. Powell Industries, Inc. has a 12-month low of $122.00 and a 12-month high of $364.98.

Powell Industries (NASDAQ:POWL) last issued its earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.03. Powell Industries had a net margin of 14.80% and a return on equity of 35.68%. Equities analysts expect that Powell Industries, Inc. will post 13.7 EPS for the current year.

Powell Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th will be paid a $0.2675 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $1.07 annualized dividend and a yield of 0.47%. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend payout ratio (DPR) is currently 8.62%.

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.