Powell Industries, Inc. $POWL Stake Reduced by RPG Investment Advisory LLC

RPG Investment Advisory LLC lowered its holdings in Powell Industries, Inc. (NASDAQ:POWL) by 13.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,973 shares of the industrial products company’s stock after selling 10,912 shares during the period. Powell Industries makes up 2.5% of RPG Investment Advisory LLC’s portfolio, making the stock its 12th biggest position. RPG Investment Advisory LLC’s holdings in Powell Industries were worth $21,668,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in shares of Powell Industries by 1.5% in the first quarter. Royal Bank of Canada now owns 30,830 shares of the industrial products company’s stock worth $5,251,000 after buying an additional 461 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Powell Industries by 7.9% in the 1st quarter. NewEdge Advisors LLC now owns 6,310 shares of the industrial products company’s stock worth $1,075,000 after buying an additional 461 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Powell Industries by 1,221.0% during the 1st quarter. Jones Financial Companies Lllp now owns 1,387 shares of the industrial products company’s stock worth $236,000 after purchasing an additional 1,282 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Powell Industries by 4.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 28,423 shares of the industrial products company’s stock valued at $4,841,000 after acquiring an additional 1,311 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Powell Industries by 6.2% in the second quarter. JPMorgan Chase & Co. now owns 31,116 shares of the industrial products company’s stock valued at $6,548,000 after buying an additional 1,822 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 the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $167.41, for a total transaction of $25,000,004.94. Following the sale, the insider owned 1,796,082 shares of the company’s stock, valued at approximately $300,682,087.62. The trade was a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ping Ni sold 210 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $196.67, for a total value of $41,300.00. Following the completion of the transaction, the insider owned 6,069 shares of the company’s stock, valued at $1,193,570. The trade was a 3.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 244,248 shares of company stock valued at $43,496,270. Company insiders own 2.20% of the company’s stock.

Powell Industries Stock Performance

Shares of NASDAQ POWL opened at $186.72 on Tuesday. Powell Industries, Inc. has a 52 week low of $51.35 and a 52 week high of $204.17. The stock’s fifty day moving average is $61.20 and its 200 day moving average is $46.28. The stock has a market capitalization of $2.27 billion, a P/E ratio of 12.13, a PEG ratio of 2.38 and a beta of 0.81.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.18. Powell Industries had a net margin of 16.82% and a return on equity of 30.64%. The business had revenue of $251.18 million for the quarter, compared to analyst estimates of $255.34 million. During the same quarter last year, the business posted $0.95 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, February 18th were paid a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $0.36 annualized dividend and a yield of 0.2%. Powell Industries’s dividend payout ratio (DPR) is 7.02%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on POWL shares. Texas Capital upgraded shares of Powell Industries to a “strong-buy” rating in a report on Friday, March 27th. Wall Street Zen downgraded Powell Industries from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Powell Industries in a research report on Monday, December 29th. Glj Research assumed coverage on Powell Industries in a report on Thursday, March 5th. They set a “hold” rating and a $150.00 price objective for the company. Finally, Cantor Fitzgerald upped their price objective on Powell Industries from $142.33 to $160.33 and gave the company a “neutral” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $142.33.

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.