Vest Financial LLC Makes New Investment in Powell Industries, Inc. (NASDAQ:POWL)

Vest Financial LLC bought a new stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 4,799 shares of the industrial products company's stock, valued at approximately $817,000.

A number of other large investors have also recently modified their holdings of POWL. Invesco Ltd. boosted its holdings in shares of Powell Industries by 134.0% in the 4th quarter. Invesco Ltd. now owns 265,139 shares of the industrial products company's stock valued at $58,768,000 after purchasing an additional 151,850 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Powell Industries by 22,009.7% in the 1st quarter. GAMMA Investing LLC now owns 102,368 shares of the industrial products company's stock valued at $17,436,000 after purchasing an additional 101,905 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Powell Industries in the 4th quarter valued at $22,556,000. BNP Paribas Financial Markets boosted its holdings in shares of Powell Industries by 795.9% in the 4th quarter. BNP Paribas Financial Markets now owns 81,819 shares of the industrial products company's stock valued at $18,135,000 after purchasing an additional 72,686 shares in the last quarter. Finally, WCM Investment Management LLC acquired a new stake in shares of Powell Industries in the 4th quarter valued at $14,261,000. Institutional investors and hedge funds own 89.77% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Powell Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, March 11th.

Powell Industries Stock Up 3.8%

POWL traded up $7.04 during midday trading on Wednesday, hitting $192.80. 258,102 shares of the company were exchanged, compared to its average volume of 422,989. The firm has a market capitalization of $2.33 billion, a P/E ratio of 14.64, a P/E/G ratio of 0.98 and a beta of 0.73. Powell Industries, Inc. has a 1-year low of $127.01 and a 1-year high of $364.98. The firm's 50 day moving average price is $178.48 and its 200-day moving average price is $206.51.

Powell Industries (NASDAQ:POWL - Get Free Report) last issued its earnings results on Tuesday, May 6th. The industrial products company reported $3.81 EPS for the quarter, beating analysts' consensus estimates of $3.34 by $0.47. The business had revenue of $278.63 million during the quarter, compared to analyst estimates of $282.68 million. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. The firm's revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.75 EPS. On average, sell-side analysts predict that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be issued a $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Wednesday, May 21st. Powell Industries's dividend payout ratio is presently 7.52%.

About Powell Industries

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.