Picton Mahoney Asset Management Has $483,000 Stock Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Picton Mahoney Asset Management raised its position in shares of Powell Industries, Inc. (NASDAQ:POWL) by 26.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,175 shares of the industrial products company’s stock after purchasing an additional 456 shares during the period. Picton Mahoney Asset Management’s holdings in Powell Industries were worth $483,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in POWL. Loomis Sayles & Co. L P acquired a new position in shares of Powell Industries during the 3rd quarter worth $7,225,000. Victory Capital Management Inc. grew its position 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 acquiring an additional 90,504 shares during the last quarter. Great Valley Advisor Group Inc. raised its stake in Powell Industries by 34.8% during the third quarter. Great Valley Advisor Group Inc. now owns 10,947 shares of the industrial products company’s stock worth $2,430,000 after acquiring an additional 2,827 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Powell Industries by 5.7% in the third quarter. Principal Financial Group Inc. now owns 51,507 shares of the industrial products company’s stock worth $11,434,000 after acquiring an additional 2,793 shares during the last quarter. Finally, Hanseatic Management Services Inc. acquired a new stake in shares of Powell Industries in the 4th quarter valued at approximately $248,000. 89.77% of the stock is currently owned by institutional investors.

Powell Industries Price Performance

Powell Industries stock opened at $173.36 on Monday. The business has a 50 day moving average of $215.24 and a 200-day moving average of $234.20. Powell Industries, Inc. has a 1 year low of $122.00 and a 1 year high of $364.98. The company has a market capitalization of $2.09 billion, a P/E ratio of 13.16, a P/E/G ratio of 0.98 and a beta of 0.83.

Powell Industries (NASDAQ:POWL) last released its quarterly 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%. Equities analysts anticipate that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th will be given a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Wednesday, February 19th. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s payout ratio is 8.12%.

Analyst Ratings Changes

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

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.