Hel Ved Capital Management Ltd Acquires New Holdings in Powell Industries, Inc. $POWL

Hel Ved Capital Management Ltd bought a new stake in shares of Powell Industries, Inc. (NASDAQ:POWL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,200 shares of the industrial products company’s stock, valued at approximately $1,280,000.

Several other large investors have also recently made changes to their positions in POWL. Kovitz Investment Group Partners LLC lifted its stake in shares of Powell Industries by 42.2% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 2,314,474 shares of the industrial products company’s stock worth $705,475,000 after purchasing an additional 686,588 shares during the last quarter. First Trust Advisors LP raised its holdings in Powell Industries by 65.8% in the third quarter. First Trust Advisors LP now owns 615,067 shares of the industrial products company’s stock worth $187,479,000 after purchasing an additional 244,051 shares in the last quarter. Voss Capital LP purchased a new stake in shares of Powell Industries during the second quarter valued at about $38,904,000. Fisher Asset Management LLC boosted its holdings in shares of Powell Industries by 49.8% in the 3rd quarter. Fisher Asset Management LLC now owns 300,496 shares of the industrial products company’s stock valued at $91,594,000 after buying an additional 99,857 shares in the last quarter. Finally, Ophir Asset Management Pty Ltd grew its position in shares of Powell Industries by 71.3% in the 2nd quarter. Ophir Asset Management Pty Ltd now owns 185,127 shares of the industrial products company’s stock worth $42,696,000 after buying an additional 77,031 shares during the last quarter. 89.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wall Street Zen cut shares of Powell Industries from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Powell Industries in a report on Monday, December 29th. Glj Research initiated coverage on Powell Industries in a research report on Thursday. They issued a “hold” rating and a $450.00 price objective for the company. Cantor Fitzgerald upped their target price on Powell Industries from $427.00 to $481.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Finally, Roth Mkm reissued a “buy” rating and issued a $350.00 price target on shares of Powell Industries in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Powell Industries presently has an average rating of “Buy” and a consensus price target of $427.00.

Insider Transactions at Powell Industries

In other Powell Industries news, VP William Marshall Mauney, Jr. sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $331.73, for a total transaction of $995,190.00. Following the completion of the transaction, the vice president directly owned 4,451 shares of the company’s stock, valued at approximately $1,476,530.23. This trade represents a 40.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Thomas W. Powell sold 14,911 shares of Powell Industries stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $600.92, for a total transaction of $8,960,318.12. Following the sale, the insider owned 652,069 shares of the company’s stock, valued at approximately $391,841,303.48. The trade was a 2.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 30,158 shares of company stock valued at $17,160,352. 2.20% of the stock is owned by company insiders.

Powell Industries Trading Down 3.8%

NASDAQ:POWL opened at $483.65 on Friday. Powell Industries, Inc. has a 12 month low of $152.40 and a 12 month high of $612.50. The firm has a fifty day simple moving average of $465.25 and a 200-day simple moving average of $369.12. The company has a market capitalization of $5.87 billion, a P/E ratio of 31.43, a PEG ratio of 2.29 and a beta of 0.82.

Powell Industries (NASDAQ:POWL) last released its earnings results on Tuesday, February 3rd. The industrial products company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.55. The firm had revenue of $251.18 million for the quarter, compared to the consensus estimate of $255.34 million. Powell Industries had a return on equity of 30.64% and a net margin of 16.82%.The firm’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.86 EPS. Equities analysts forecast that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 18th will be issued a $0.27 dividend. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, February 18th. Powell Industries’s dividend payout ratio is currently 7.02%.

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.