2 weeks Ago By ABMN Staff
KLP Kapitalforvaltning AS acquired a new position in Powell Industries, Inc. ( NASDAQ:POWL – Free Report ) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,100 shares of the industrial products company’s stock, valued at approximately $465,000.
A number of other large investors have also recently made changes to their positions in POWL. State Street Corp lifted its stake in Powell Industries by 0.9% in the third quarter.
State Street Corp now owns 362,717 shares of the industrial products company’s stock worth $80,520,000 after acquiring an additional 3,403 shares during the period. American Century Companies Inc. raised its holdings in Powell Industries by 8.
3% in the 4th quarter. American Century Companies Inc. now owns 351,750 shares of the industrial products company’s stock worth $77,965,000 after purchasing an additional 27,029 shares in the last quarter.
Geode Capital Management LLC lifted its position in shares of Powell Industries by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 257,049 shares of the industrial products company’s stock worth $57,071,000 after purchasing an additional 9,692 shares during the period.
Wellington Management Group LLP bought a new stake in shares of Powell Industries during the 3rd quarter valued at about $30,038,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Powell Industries during the fourth quarter valued at about $22,556,000.
89.77% of the stock is currently owned by institutional investors. Analysts Set New Price Targets Several brokerages have commented on POWL.
Roth Mkm started coverage on shares of Powell Industries in a report on Wednesday, December 11th. They issued a “buy” rating and a $312.00 price objective for the company.
Roth Capital upgraded Powell Industries to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, StockNews.com upgraded Powell Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th.
Powell Industries Price Performance Shares of Powell Industries stock opened at $169.87 on Friday. Powell Industries, Inc.
has a 1 year low of $122.00 and a 1 year high of $364.98.
The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 0.
98 and a beta of 0.83. The company has a 50-day moving average of $194.
76 and a 200 day moving average of $235.31. Powell Industries ( NASDAQ:POWL – Get Free Report ) last announced its earnings results on Thursday, February 6th.
The industrial products company reported $2.86 earnings per share 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 analysts anticipate that Powell Industries, Inc. will post 13.
71 EPS for the current year. Powell Industries Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th were paid a dividend of $0.
2675 per share. This is a boost from Powell Industries’s previous quarterly dividend of $0.27.
The ex-dividend date was Wednesday, February 19th. This represents a $1.07 dividend on an annualized basis and a yield of 0.
63%. Powell Industries’s payout ratio is presently 8.12%.
Powell Industries Company Profile ( Free Report ) 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. Recommended Stories Receive News & Ratings for Powell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Powell Industries and related companies with MarketBeat.
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