Intrust Bank NA Buys Shares of 1,451 Powell Industries, Inc. (NASDAQ:POWL)

Intrust Bank NA purchased a new stake in Powell Industries, Inc. (NASDAQ:POWL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,451 shares of the industrial products company’s stock, valued at approximately $322,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in Powell Industries in the third quarter valued at $30,038,000. Raymond James Financial Inc. acquired a new stake in shares of Powell Industries in the fourth quarter valued at about $22,556,000. WCM Investment Management LLC bought a new position in shares of Powell Industries during the fourth quarter worth about $14,261,000. Sanctuary Advisors LLC acquired a new position in shares of Powell Industries in the third quarter worth approximately $12,176,000. Finally, Cibc World Market Inc. boosted its holdings in Powell Industries by 438.8% in the fourth quarter. Cibc World Market Inc. now owns 60,746 shares of the industrial products company’s stock valued at $13,464,000 after acquiring an additional 49,471 shares during the last quarter. Institutional investors own 89.77% of the company’s stock.

Analyst Ratings Changes

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

Powell Industries Price Performance

Shares of POWL opened at $176.72 on Monday. The stock has a 50-day moving average of $203.86 and a 200-day moving average of $236.07. Powell Industries, Inc. has a one year low of $122.00 and a one year high of $364.98. The company has a market cap of $2.13 billion, a PE ratio of 13.42, a P/E/G ratio of 0.98 and a beta of 0.83.

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%. Analysts expect that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th were issued a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Wednesday, February 19th. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend payout ratio (DPR) 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.