Blue Trust Inc. Invests $43,000 in Powell Industries, Inc. (NASDAQ:POWL)

Blue Trust Inc. purchased a new stake in Powell Industries, Inc. (NASDAQ:POWL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 192 shares of the industrial products company’s stock, valued at approximately $43,000.

Other large investors have also recently bought and sold shares of the company. Hollencrest Capital Management acquired a new stake in shares of Powell Industries in the 3rd quarter valued at $30,000. Quest Partners LLC acquired a new position in Powell Industries in the third quarter valued at about $35,000. Farther Finance Advisors LLC grew its stake 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 worth $44,000 after buying an additional 105 shares during the last quarter. Covestor Ltd increased its holdings in shares of Powell Industries by 21.8% during the third quarter. Covestor Ltd now owns 229 shares of the industrial products company’s stock worth $51,000 after buying an additional 41 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Powell Industries by 155.3% in the third quarter. UMB Bank n.a. now owns 314 shares of the industrial products company’s stock valued at $70,000 after acquiring an additional 191 shares during the last quarter. 89.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Powell Industries Trading Down 6.5 %

POWL stock opened at $228.83 on Monday. The stock has a market cap of $2.76 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 1.28 and a beta of 0.87. The stock has a 50-day moving average price of $249.01 and a two-hundred day moving average price of $231.17. Powell Industries, Inc. has a 1 year low of $122.00 and a 1 year high of $364.98.

Powell Industries (NASDAQ:POWL) last announced 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 return on equity of 36.66% and a net margin of 15.15%. On average, analysts forecast that Powell Industries, Inc. will post 13.7 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th will be given a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Wednesday, February 19th. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s payout ratio is currently 8.12%.

Powell Industries Company 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.