Powell Industries, Inc. (NASDAQ:POWL) Stock Holdings Boosted by Independent Advisor Alliance

Independent Advisor Alliance boosted its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL) by 20.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,042 shares of the industrial products company’s stock after purchasing an additional 3,421 shares during the period. Independent Advisor Alliance owned approximately 0.17% of Powell Industries worth $4,442,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of POWL. Principal Securities Inc. acquired a new stake in Powell Industries in the fourth quarter valued at approximately $26,000. Quest Partners LLC acquired a new stake in Powell Industries during the third quarter worth about $35,000. Smartleaf Asset Management LLC increased its position in shares of Powell Industries by 455.2% during the fourth 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 period. Blue Trust Inc. bought a new position in shares of Powell Industries during the 4th quarter worth about $40,000. Finally, Farther Finance Advisors LLC boosted its holdings in Powell Industries by 110.5% during the third 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 in the last quarter. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Powell Industries Stock Performance

POWL opened at $163.49 on Wednesday. Powell Industries, Inc. has a fifty-two week low of $122.00 and a fifty-two week high of $364.98. The company has a market capitalization of $1.97 billion, a P/E ratio of 12.41, a P/E/G ratio of 0.98 and a beta of 0.84. The stock has a fifty day moving average of $219.02 and a 200-day moving average of $234.43.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings data 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 15.15% and a return on equity of 35.48%. On average, equities research analysts predict that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th will be given a dividend of $0.2675 per share. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Wednesday, February 19th. Powell Industries’s dividend payout ratio (DPR) is currently 8.12%.

Analyst Upgrades and Downgrades

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

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.