Virtu Financial LLC Invests $997,000 in Powell Industries, Inc. (NASDAQ:POWL)

Virtu Financial LLC acquired a new position in shares of Powell Industries, Inc. (NASDAQ:POWL) during the fourth quarter, HoldingsChannel reports. The firm acquired 4,497 shares of the industrial products company’s stock, valued at approximately $997,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. 1620 Investment Advisors Inc. acquired a new stake in shares of Powell Industries during the fourth quarter worth $1,031,000. Horizon Investments LLC raised its holdings in shares of Powell Industries by 136.5% during the fourth quarter. Horizon Investments LLC now owns 9,290 shares of the industrial products company’s stock worth $2,059,000 after acquiring an additional 5,362 shares during the period. Picton Mahoney Asset Management raised its holdings in shares of Powell Industries by 26.5% during the fourth quarter. Picton Mahoney Asset Management now owns 2,175 shares of the industrial products company’s stock worth $483,000 after acquiring an additional 456 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Powell Industries by 27.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 24,735 shares of the industrial products company’s stock worth $5,483,000 after acquiring an additional 5,403 shares during the period. Finally, Swiss National Bank raised 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 worth $4,167,000 after acquiring an additional 100 shares during the period. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Powell Industries Trading Up 1.6 %

Shares of POWL stock opened at $184.22 on Monday. Powell Industries, Inc. has a 1 year low of $122.00 and a 1 year high of $364.98. The firm’s fifty day moving average price is $209.85 and its two-hundred day moving average price is $234.93. The firm has a market capitalization of $2.22 billion, a P/E ratio of 13.99, a PEG ratio of 0.98 and a beta of 0.83.

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, beating 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, equities research analysts forecast that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th were given a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Wednesday, February 19th. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend payout ratio (DPR) is 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.