Aurora Investment Counsel Reduces Stock Position in Powell Industries, Inc. $POWL

Aurora Investment Counsel cut its holdings in Powell Industries, Inc. (NASDAQ:POWL) by 61.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,952 shares of the industrial products company’s stock after selling 4,626 shares during the period. Aurora Investment Counsel’s holdings in Powell Industries were worth $941,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of POWL. Greenline Wealth Management LLC purchased a new position in shares of Powell Industries in the 4th quarter valued at about $29,000. Avanza Fonder AB purchased a new stake in Powell Industries during the fourth quarter worth approximately $30,000. Steward Partners Investment Advisory LLC lifted its stake in Powell Industries by 126.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 113 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 63 shares during the last quarter. First Horizon Corp acquired a new position in Powell Industries in the fourth quarter valued at approximately $40,000. Finally, Larson Financial Group LLC increased its stake in Powell Industries by 12,800.0% in the fourth quarter. Larson Financial Group LLC now owns 129 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 128 shares during the last quarter. 89.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Powell Industries

In other Powell Industries news, major shareholder Thomas W. Powell sold 149,334 shares of Powell Industries stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $167.41, for a total value of $25,000,004.94. Following the transaction, the insider directly owned 1,796,082 shares in the company, valued at approximately $300,682,087.62. This trade represents a 7.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brett Alan Cope sold 4,440 shares of Powell Industries stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $233.96, for a total value of $1,038,782.40. Following the completion of the transaction, the chief executive officer owned 164,851 shares in the company, valued at $38,568,539.96. This trade represents a 2.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 174,964 shares of company stock worth $31,339,200 over the last three months. 2.20% of the stock is currently owned by company insiders.

Powell Industries Price Performance

Shares of NASDAQ:POWL opened at $294.75 on Friday. The stock has a market cap of $10.74 billion, a P/E ratio of 57.68, a P/E/G ratio of 3.85 and a beta of 1.11. The firm has a fifty day moving average price of $266.30 and a 200 day moving average price of $188.84. Powell Industries, Inc. has a 1-year low of $56.70 and a 1-year high of $328.00.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings data on Monday, May 4th. The industrial products company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.09). Powell Industries had a net margin of 16.51% and a return on equity of 28.61%. The business had revenue of $296.62 million during the quarter, compared to analyst estimates of $298.12 million. During the same quarter in the prior year, the firm posted $3.81 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts expect that Powell Industries, Inc. will post 5.47 EPS for the current fiscal year.

Powell Industries Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, May 20th. Powell Industries’s payout ratio is 7.05%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on POWL shares. Weiss Ratings raised shares of Powell Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Wall Street Zen downgraded shares of Powell Industries from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Glj Research began coverage on shares of Powell Industries in a research note on Thursday, March 5th. They set a “hold” rating and a $150.00 price target on the stock. Cantor Fitzgerald boosted their price target on shares of Powell Industries from $160.00 to $320.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Finally, Texas Capital upgraded shares of Powell Industries to a “strong-buy” rating in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Powell Industries presently has a consensus rating of “Moderate Buy” and an average target price of $236.67.

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.