1,388 Shares in Powell Industries, Inc. (NASDAQ:POWL) Bought by Strong Tower Advisory Services

Strong Tower Advisory Services bought a new stake in Powell Industries, Inc. (NASDAQ:POWL) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,388 shares of the industrial products company’s stock, valued at approximately $308,000.

Several other institutional investors also recently bought and sold shares of POWL. GAMMA Investing LLC raised its position in Powell Industries by 38.2% during the 2nd quarter. GAMMA Investing LLC now owns 286 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 79 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in Powell Industries during the 2nd quarter valued at $47,000. Quarry LP bought a new position in Powell Industries in the 2nd quarter worth $48,000. Plato Investment Management Ltd purchased a new stake in shares of Powell Industries in the 1st quarter worth about $50,000. Finally, UMB Bank n.a. increased its position in shares of Powell Industries by 155.3% during the third quarter. UMB Bank n.a. now owns 314 shares of the industrial products company’s stock valued at $70,000 after buying an additional 191 shares during the period. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Powell Industries from a “buy” rating to a “hold” rating in a research report on Friday, October 4th.

Insider Transactions at Powell Industries

In related news, major shareholder Thomas W. Powell sold 10,000 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $246.14, for a total transaction of $2,461,400.00. Following the sale, the insider now directly owns 1,658,328 shares of the company’s stock, valued at approximately $408,180,853.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Thomas W. Powell sold 25,000 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $213.56, for a total transaction of $5,339,000.00. Following the transaction, the insider now directly owns 682,265 shares of the company’s stock, valued at $145,704,513.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Thomas W. Powell sold 10,000 shares of Powell Industries stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $246.14, for a total value of $2,461,400.00. Following the completion of the sale, the insider now owns 1,658,328 shares of the company’s stock, valued at $408,180,853.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,350 shares of company stock valued at $9,633,599. Insiders own 2.20% of the company’s stock.

Powell Industries Trading Up 3.9 %

Powell Industries stock traded up $9.72 on Friday, hitting $256.75. 79,934 shares of the stock traded hands, compared to its average volume of 367,916. The business’s fifty day simple moving average is $185.55 and its 200 day simple moving average is $164.16. The firm has a market cap of $3.08 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 1.46 and a beta of 0.88. Powell Industries, Inc. has a 1 year low of $72.51 and a 1 year high of $260.55.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.79 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $1.63. Powell Industries had a net margin of 13.77% and a return on equity of 33.09%. The business had revenue of $288.17 million for the quarter, compared to analysts’ expectations of $222.18 million. During the same quarter in the prior year, the company earned $1.52 earnings per share. The business’s revenue was up 49.8% compared to the same quarter last year. As a group, analysts predict that Powell Industries, Inc. will post 12.01 earnings per share for the current year.

Powell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 14th were paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Wednesday, August 14th. Powell Industries’s payout ratio is 9.92%.

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.