J2 Capital Management Inc Takes Position in Powell Industries, Inc. $POWL

J2 Capital Management Inc purchased a new stake in Powell Industries, Inc. (NASDAQ:POWL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,824 shares of the industrial products company’s stock, valued at approximately $1,166,000. Powell Industries comprises about 0.9% of J2 Capital Management Inc’s investment portfolio, making the stock its 18th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its holdings in Powell Industries by 3.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,221 shares of the industrial products company’s stock valued at $257,000 after buying an additional 42 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in shares of Powell Industries by 5.0% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 1,056 shares of the industrial products company’s stock valued at $322,000 after acquiring an additional 50 shares during the last quarter. Choreo LLC grew its holdings in shares of Powell Industries by 4.4% in the second quarter. Choreo LLC now owns 1,340 shares of the industrial products company’s stock valued at $282,000 after purchasing an additional 56 shares during the period. Manchester Capital Management LLC grew its holdings in shares of Powell Industries by 42.9% in the second quarter. Manchester Capital Management LLC now owns 200 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 60 shares during the period. Finally, Roman Butler Fullerton & Co. increased its position in Powell Industries by 1.7% during the second quarter. Roman Butler Fullerton & Co. now owns 3,663 shares of the industrial products company’s stock worth $771,000 after purchasing an additional 62 shares during the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

Powell Industries Stock Performance

Powell Industries stock opened at $332.90 on Monday. The company has a market capitalization of $4.02 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.56 and a beta of 0.87. Powell Industries, Inc. has a fifty-two week low of $146.02 and a fifty-two week high of $413.00. The firm has a 50 day moving average price of $341.35 and a 200 day moving average price of $279.77.

Powell Industries (NASDAQ:POWL) last posted its earnings results on Tuesday, November 18th. The industrial products company reported $4.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.76 by $0.46. The firm had revenue of $297.98 million for the quarter, compared to analyst estimates of $292.85 million. Powell Industries had a return on equity of 31.80% and a net margin of 16.37%.Powell Industries’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.77 EPS. As a group, equities 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 was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th were paid a $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Wednesday, November 19th. Powell Industries’s dividend payout ratio (DPR) is presently 7.21%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on POWL. Weiss Ratings reiterated a “buy (b)” rating on shares of Powell Industries in a report on Monday, December 8th. Roth Capital reaffirmed a “buy” rating and set a $350.00 price target on shares of Powell Industries in a research report on Wednesday, November 19th. Finally, Wall Street Zen upgraded Powell Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Powell Industries currently has a consensus rating of “Buy” and an average target price of $350.00.

Powell Industries Profile

Powell Industries, Inc is an industrial electrical engineering company specializing in the design, manufacture and integration of customized power control and distribution solutions. The firm’s offerings range from medium‐voltage switchgear and power control centers to bus duct, motor control centers and specialty transformers. Powell also provides automation systems, protective relaying, metering, supervisory control and data acquisition (SCADA) platforms, and turnkey engineering services to help clients manage critical power infrastructure.

Serving the oil and gas, petrochemical, refining, utility, mining and industrial sectors, Powell’s products are engineered to meet demanding performance, safety and reliability requirements.