Virtue Capital Management LLC Buys Shares of 3,868 Powell Industries, Inc. (NASDAQ:POWL)

Virtue Capital Management LLC acquired a new stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,868 shares of the industrial products company's stock, valued at approximately $857,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Principal Securities Inc. acquired a new stake in shares of Powell Industries during the 4th quarter worth about $26,000. Smartleaf Asset Management LLC lifted its position in Powell Industries by 455.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company's stock worth $37,000 after acquiring an additional 132 shares during the last quarter. GeoWealth Management LLC boosted its holdings in shares of Powell Industries by 123.8% during the fourth quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company's stock worth $40,000 after acquiring an additional 99 shares during the period. Blue Trust Inc. acquired a new position in shares of Powell Industries in the fourth quarter valued at approximately $40,000. Finally, Tucker Asset Management LLC bought a new position in shares of Powell Industries during the fourth quarter worth approximately $43,000. Institutional investors own 89.77% of the company's stock.

Wall Street Analyst Weigh In

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 Performance

Shares of POWL stock traded down $1.92 on Friday, hitting $168.48. The company's stock had a trading volume of 286,227 shares, compared to its average volume of 426,900. Powell Industries, Inc. has a fifty-two week low of $127.01 and a fifty-two week high of $364.98. The stock's 50 day moving average is $177.26 and its 200-day moving average is $212.52. The company has a market capitalization of $2.03 billion, a PE ratio of 12.79, a PEG ratio of 0.98 and a beta of 0.78.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its earnings results on Tuesday, May 6th. The industrial products company reported $3.81 EPS for the quarter, topping the consensus estimate of $3.34 by $0.47. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. The company had revenue of $278.63 million for the quarter, compared to analysts' expectations of $282.68 million. During the same period last year, the firm earned $2.75 earnings per share. The business's revenue for the quarter was up 9.2% on a year-over-year basis. On average, research analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be issued a $0.2675 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $1.07 annualized dividend and a yield of 0.64%. Powell Industries's dividend payout ratio is presently 7.52%.

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.