Los Angeles Capital Management LLC Has $3.06 Million Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Los Angeles Capital Management LLC boosted its stake in Powell Industries, Inc. (NASDAQ:POWL) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,809 shares of the industrial products company’s stock after purchasing an additional 283 shares during the period. Los Angeles Capital Management LLC owned about 0.11% of Powell Industries worth $3,061,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in POWL. Wellington Management Group LLP bought a new stake in shares of Powell Industries in the 3rd quarter valued at $30,038,000. Victory Capital Management Inc. lifted its stake in Powell Industries by 1,119.3% in the third quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company’s stock valued at $21,886,000 after buying an additional 90,504 shares during the period. WCM Investment Management LLC bought a new position in shares of Powell Industries during the 4th quarter worth approximately $14,261,000. Stephens Investment Management Group LLC acquired a new stake in shares of Powell Industries during the 3rd quarter worth approximately $13,606,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Powell Industries in the 3rd quarter valued at $12,176,000. 89.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

POWL has been the topic of several research analyst reports. StockNews.com raised shares of Powell Industries from a “hold” rating to a “buy” rating in a research note on Sunday, February 23rd. Roth Capital upgraded Powell Industries to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Roth Mkm began coverage on Powell Industries in a research note on Wednesday, December 11th. They set a “buy” rating and a $312.00 price target on the stock.

Powell Industries Trading Down 4.7 %

NASDAQ POWL opened at $165.48 on Friday. The company has a market cap of $2.00 billion, a P/E ratio of 12.56, a PEG ratio of 0.98 and a beta of 0.87. The company has a fifty day simple moving average of $230.47 and a 200 day simple moving average of $234.11. Powell Industries, Inc. has a 12-month low of $122.00 and a 12-month high of $364.98.

Powell Industries (NASDAQ:POWL) last issued 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%. Sell-side analysts predict 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 will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th will be paid a $0.2675 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 annualized dividend and a dividend yield of 0.65%. Powell Industries’s dividend payout ratio 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.