Powell Industries, Inc. (NASDAQ:POWL) Shares Bought by American Century Companies Inc.

American Century Companies Inc. raised its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL) by 8.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 351,750 shares of the industrial products company’s stock after buying an additional 27,029 shares during the period. American Century Companies Inc.’s holdings in Powell Industries were worth $77,965,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its position in Powell Industries by 10.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 979 shares of the industrial products company’s stock valued at $217,000 after buying an additional 90 shares in the last quarter. Swiss National Bank increased its holdings in shares of Powell Industries by 0.5% during the fourth quarter. Swiss National Bank now owns 18,800 shares of the industrial products company’s stock valued at $4,167,000 after acquiring an additional 100 shares in the last quarter. KBC Group NV raised its position in shares of Powell Industries by 35.1% in the 4th quarter. KBC Group NV now owns 435 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 113 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of Powell Industries in the 4th quarter valued at approximately $26,000. Finally, Smartleaf Asset Management LLC boosted its stake in Powell Industries by 455.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on POWL. StockNews.com upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th. Roth Capital raised Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, 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 target for the company.

Powell Industries Trading Up 6.5 %

POWL opened at $196.27 on Tuesday. Powell Industries, Inc. has a 12-month low of $122.00 and a 12-month high of $364.98. The firm has a 50 day moving average of $209.19 and a two-hundred day moving average of $235.26. The firm has a market capitalization of $2.37 billion, a PE ratio of 14.90, a P/E/G ratio of 0.98 and a beta of 0.83.

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, topping the consensus estimate of $2.83 by $0.03. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. As a group, analysts predict that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th were issued a dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a yield of 0.55%. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, February 19th. Powell Industries’s dividend payout ratio (DPR) is 8.12%.

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.