Thrivent Financial for Lutherans Has $1.60 Million Position in Powell Industries, Inc. (NASDAQ:POWL)

Thrivent Financial for Lutherans cut its position in shares of Powell Industries, Inc. (NASDAQ:POWL) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,228 shares of the industrial products company’s stock after selling 115 shares during the period. Thrivent Financial for Lutherans owned 0.06% of Powell Industries worth $1,602,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Quest Partners LLC acquired a new position in Powell Industries during the third quarter worth approximately $35,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Powell Industries by 12.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 93,845 shares of the industrial products company’s stock worth $20,833,000 after acquiring an additional 10,352 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Powell Industries by 74.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,133 shares of the industrial products company’s stock worth $2,027,000 after acquiring an additional 3,897 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in Powell Industries in the 3rd quarter valued at $10,760,000. Finally, HighTower Advisors LLC acquired a new stake in Powell Industries during the 3rd quarter valued at $1,805,000. 89.77% of the stock is owned by institutional investors.

Powell Industries Price Performance

Shares of NASDAQ POWL opened at $176.72 on Monday. Powell Industries, Inc. has a one year low of $122.00 and a one year high of $364.98. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 0.98 and a beta of 0.83. The stock’s fifty day moving average price is $203.86 and its two-hundred day moving average price is $236.07.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.03. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. On average, equities analysts anticipate that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.2675 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 annualized dividend and a dividend yield of 0.61%. Powell Industries’s dividend payout ratio (DPR) is currently 8.12%.

Wall Street Analyst Weigh In

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

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.