Liberty Capital Management Inc. Purchases New Position in Powell Industries, Inc. (NASDAQ:POWL)

Liberty Capital Management Inc. acquired a new position in shares of Powell Industries, Inc. (NASDAQ:POWL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,542 shares of the industrial products company’s stock, valued at approximately $563,000.

Other hedge funds also recently made changes to their positions in the company. Cumberland Partners Ltd purchased a new position in Powell Industries during the 3rd quarter worth approximately $555,000. Loomis Sayles & Co. L P acquired a new stake in shares of Powell Industries in the third quarter valued at approximately $7,225,000. Victory Capital Management Inc. grew its position in shares of Powell Industries by 1,119.3% during the third quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company’s stock worth $21,886,000 after acquiring an additional 90,504 shares during the last quarter. Great Valley Advisor Group Inc. increased its holdings in shares of Powell Industries by 34.8% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 10,947 shares of the industrial products company’s stock valued at $2,430,000 after acquiring an additional 2,827 shares during the period. Finally, Principal Financial Group Inc. raised its position in Powell Industries by 5.7% in the 3rd quarter. Principal Financial Group Inc. now owns 51,507 shares of the industrial products company’s stock valued at $11,434,000 after purchasing an additional 2,793 shares during the last quarter. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Analyst Upgrades and Downgrades

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

Powell Industries Stock Performance

Shares of POWL opened at $228.83 on Monday. Powell Industries, Inc. has a 1 year low of $122.00 and a 1 year high of $364.98. The stock has a market capitalization of $2.76 billion, a P/E ratio of 17.38, a P/E/G ratio of 1.28 and a beta of 0.87. The company’s fifty day moving average is $249.01 and its two-hundred day moving average is $231.17.

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, 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 36.66%. Sell-side analysts predict that Powell Industries, Inc. will post 13.7 EPS for the current year.

Powell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th will be issued a $0.2675 dividend. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Wednesday, February 19th. Powell Industries’s dividend payout ratio (DPR) is currently 8.05%.

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.