RPG Investment Advisory LLC Acquires Shares of 34,837 Powell Industries, Inc. (NASDAQ:POWL)

RPG Investment Advisory LLC acquired a new stake in Powell Industries, Inc. (NASDAQ:POWL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 34,837 shares of the industrial products company’s stock, valued at approximately $7,722,000. RPG Investment Advisory LLC owned approximately 0.29% of Powell Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Powell Industries by 0.9% during the third quarter. State Street Corp now owns 362,717 shares of the industrial products company’s stock worth $80,520,000 after purchasing an additional 3,403 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Powell Industries by 3.9% during the third 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 in the last quarter. Wellington Management Group LLP purchased a new stake in shares of Powell Industries during the third quarter worth about $30,038,000. Victory Capital Management Inc. increased its stake in shares of Powell Industries by 1,119.3% during the third quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company’s stock worth $21,886,000 after purchasing an additional 90,504 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Powell Industries by 12.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 93,845 shares of the industrial products company’s stock worth $20,833,000 after purchasing an additional 10,352 shares in the last quarter. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Powell Industries Price Performance

NASDAQ:POWL opened at $177.25 on Monday. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.98 and a beta of 0.87. The company’s 50-day moving average is $236.27 and its two-hundred day moving average is $234.94. Powell Industries, Inc. has a 1-year low of $122.00 and a 1-year high of $364.98.

Powell Industries (NASDAQ:POWL) last posted its earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share 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 analysts anticipate that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th will be issued a $0.2675 dividend. This represents a $1.07 annualized dividend and a yield of 0.60%. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, February 19th. Powell Industries’s payout ratio is presently 8.12%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Roth Capital raised shares of Powell Industries to a “strong-buy” rating in a research note on Tuesday, December 10th. Roth Mkm initiated coverage on shares of 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, StockNews.com raised shares of Powell Industries from a “hold” rating to a “buy” rating in a research note on Sunday.

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.