Powell Industries, Inc. $POWL Shares Bought by Quantum Private Wealth LLC

Quantum Private Wealth LLC grew its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 17.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,399 shares of the industrial products company’s stock after purchasing an additional 1,830 shares during the quarter. Powell Industries makes up 1.1% of Quantum Private Wealth LLC’s portfolio, making the stock its 16th largest holding. Quantum Private Wealth LLC owned about 0.10% of Powell Industries worth $3,779,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in POWL. Elevation Point Wealth Partners LLC bought a new position in Powell Industries during the 2nd quarter worth $33,000. State of Wyoming acquired a new position in shares of Powell Industries during the second quarter valued at $33,000. Manchester Capital Management LLC boosted its holdings in shares of Powell Industries by 42.9% during the second quarter. Manchester Capital Management LLC now owns 200 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 60 shares during the period. Virtus Advisers LLC bought a new position in shares of Powell Industries during the second quarter worth about $46,000. Finally, Optimum Investment Advisors increased its holdings in shares of Powell Industries by 114.3% in the 2nd quarter. Optimum Investment Advisors now owns 300 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 160 shares during the period. Institutional investors own 89.77% of the company’s stock.

Insider Buying and Selling at Powell Industries

In other Powell Industries news, insider Ping Ni sold 70 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $590.00, for a total value of $41,300.00. Following the transaction, the insider owned 2,023 shares of the company’s stock, valued at approximately $1,193,570. This represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP William Marshall Mauney, Jr. sold 3,000 shares of the stock in a transaction on Friday, December 19th. The shares were sold at an average price of $331.73, for a total value of $995,190.00. Following the sale, the vice president owned 4,451 shares of the company’s stock, valued at $1,476,530.23. This trade represents a 40.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 28,681 shares of company stock valued at $16,331,445 over the last quarter. Company insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

POWL has been the subject of a number of analyst reports. Cantor Fitzgerald boosted their target price on shares of Powell Industries from $427.00 to $481.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Wall Street Zen raised Powell Industries from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Powell Industries in a report on Monday, December 29th. Finally, Roth Mkm restated a “buy” rating and issued a $350.00 target price on shares of Powell Industries in a research report on Wednesday, November 19th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Powell Industries currently has a consensus rating of “Moderate Buy” and an average target price of $415.50.

Powell Industries Stock Performance

POWL opened at $546.82 on Monday. The company has a market capitalization of $6.64 billion, a PE ratio of 35.53, a P/E/G ratio of 2.49 and a beta of 0.85. The stock’s fifty day moving average is $426.81 and its 200-day moving average is $351.72. Powell Industries, Inc. has a one year low of $146.02 and a one year high of $612.50.

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, topping analysts’ consensus estimates of $2.85 by $0.55. Powell Industries had a return on equity of 30.64% and a net margin of 16.82%.The firm had revenue of $251.18 million for the quarter, compared to analyst estimates of $255.34 million. During the same period in the previous year, the company earned $2.86 earnings per share. Powell Industries’s revenue was up 4.1% compared to the same quarter last year. On average, equities research analysts forecast that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Increases Dividend

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

Powell Industries Company 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.