Powell Industries, Inc. (NASDAQ:POWL) Shares Bought by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. increased its holdings in Powell Industries, Inc. (NASDAQ:POWL) by 171.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,120 shares of the industrial products company’s stock after purchasing an additional 5,127 shares during the quarter. Great Valley Advisor Group Inc. owned 0.07% of Powell Industries worth $1,165,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Panagora Asset Management Inc. raised its holdings in Powell Industries by 1.0% in the 4th quarter. Panagora Asset Management Inc. now owns 36,874 shares of the industrial products company’s stock worth $3,260,000 after purchasing an additional 350 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Powell Industries by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 74,898 shares of the industrial products company’s stock worth $6,621,000 after buying an additional 1,033 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Powell Industries during the 1st quarter worth approximately $1,927,000. Raymond James & Associates purchased a new stake in Powell Industries during the 4th quarter worth approximately $1,085,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Powell Industries during the 1st quarter worth approximately $1,628,000. Institutional investors and hedge funds own 89.77% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Powell Industries from a “hold” rating to a “buy” rating in a research note on Thursday, June 6th.

Insider Activity

In related news, major shareholder Thomas W. Powell sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $205.87, for a total value of $4,117,400.00. Following the completion of the transaction, the insider now directly owns 1,668,628 shares in the company, valued at $343,520,446.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Thomas W. Powell sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $205.87, for a total value of $4,117,400.00. Following the completion of the transaction, the insider now directly owns 1,668,628 shares in the company, valued at $343,520,446.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert B. Callahan sold 1,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $160.00, for a total value of $160,000.00. Following the completion of the transaction, the insider now owns 11,066 shares of the company’s stock, valued at $1,770,560. The disclosure for this sale can be found here. Insiders sold 33,400 shares of company stock worth $6,249,739 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Powell Industries Trading Down 2.9 %

NASDAQ:POWL traded down $4.70 during trading hours on Wednesday, hitting $157.43. 96,240 shares of the stock were exchanged, compared to its average volume of 354,853. The firm’s fifty day moving average price is $151.57 and its 200 day moving average price is $152.10. The company has a market cap of $1.89 billion, a P/E ratio of 19.26, a P/E/G ratio of 0.97 and a beta of 0.88. Powell Industries, Inc. has a 52-week low of $72.51 and a 52-week high of $209.14.

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

Powell Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 14th will be given a $0.265 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.67%. Powell Industries’s dividend payout ratio (DPR) is presently 12.59%.

Powell Industries Profile

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.