Tucker Asset Management LLC Invests $43,000 in Powell Industries, Inc. (NASDAQ:POWL)

Tucker Asset Management LLC acquired a new stake in Powell Industries, Inc. (NASDAQ:POWL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 195 shares of the industrial products company’s stock, valued at approximately $43,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Powell Industries by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 688,058 shares of the industrial products company’s stock valued at $152,508,000 after buying an additional 24,997 shares during the period. State Street Corp raised its position in Powell Industries by 0.9% during the third quarter. State Street Corp now owns 362,717 shares of the industrial products company’s stock valued at $80,520,000 after acquiring an additional 3,403 shares in the last quarter. American Century Companies Inc. lifted its holdings in Powell Industries by 8.3% in the fourth quarter. American Century Companies Inc. now owns 351,750 shares of the industrial products company’s stock valued at $77,965,000 after acquiring an additional 27,029 shares during the period. Geode Capital Management LLC lifted its holdings in Powell Industries by 3.9% in the third quarter. Geode Capital Management LLC now owns 257,049 shares of the industrial products company’s stock valued at $57,071,000 after acquiring an additional 9,692 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in Powell Industries in the 3rd quarter worth approximately $30,038,000. Institutional investors and hedge funds own 89.77% of the company’s stock.

Powell Industries Stock Performance

Powell Industries stock opened at $176.72 on Friday. The stock has a market capitalization of $2.13 billion, a P/E ratio of 13.42, a P/E/G ratio of 0.98 and a beta of 0.83. The company’s fifty day moving average price is $203.86 and its 200 day moving average price is $235.56. Powell Industries, Inc. has a 1 year low of $122.00 and a 1 year high of $364.98.

Powell Industries (NASDAQ:POWL) last announced its 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%. Sell-side analysts predict that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 0.61%. 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%.

Analyst Ratings Changes

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

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.