Teacher Retirement System of Texas Has $2.10 Million Stock Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Teacher Retirement System of Texas lowered its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,475 shares of the industrial products company’s stock after selling 1,031 shares during the period. Teacher Retirement System of Texas owned approximately 0.08% of Powell Industries worth $2,100,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Principal Securities Inc. bought a new position in Powell Industries in the fourth quarter worth approximately $26,000. Quest Partners LLC bought a new position in shares of Powell Industries in the 3rd quarter worth $35,000. Smartleaf Asset Management LLC grew its position in Powell Industries by 455.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 132 shares during the period. Blue Trust Inc. bought a new stake in Powell Industries during the 4th quarter valued at $40,000. Finally, SBI Securities Co. Ltd. acquired a new position in Powell Industries during the fourth quarter worth $57,000. Institutional investors own 89.77% of the company’s stock.

Analyst Ratings Changes

POWL has been the subject of a number of analyst reports. Roth Capital upgraded shares of Powell Industries to a “strong-buy” rating in a report on Tuesday, December 10th. StockNews.com raised Powell Industries from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th. Finally, Roth Mkm initiated coverage on Powell Industries in a report on Wednesday, December 11th. They issued a “buy” rating and a $312.00 target price on the stock.

Powell Industries Price Performance

Shares of POWL stock opened at $185.34 on Thursday. 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 $2.24 billion, a P/E ratio of 14.07, a P/E/G ratio of 0.98 and a beta of 0.83. The firm has a 50-day moving average of $207.07 and a 200-day moving average of $235.24.

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

Powell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th were given a $0.2675 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $1.07 annualized dividend and a yield of 0.58%. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s payout ratio is currently 8.12%.

Powell Industries 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.