SG Americas Securities LLC Purchases 2,695 Shares of Powell Industries, Inc. (NASDAQ:POWL)

SG Americas Securities LLC lifted its position in shares of Powell Industries, Inc. (NASDAQ:POWLFree Report) by 50.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,026 shares of the industrial products company’s stock after buying an additional 2,695 shares during the quarter. SG Americas Securities LLC owned approximately 0.07% of Powell Industries worth $709,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Teachers Retirement System of The State of Kentucky grew its position in shares of Powell Industries by 7.0% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 2,421 shares of the industrial products company’s stock worth $146,000 after buying an additional 158 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Powell Industries by 55.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 549 shares of the industrial products company’s stock worth $33,000 after buying an additional 195 shares in the last quarter. Legal & General Group Plc grew its position in shares of Powell Industries by 1.8% during the 4th quarter. Legal & General Group Plc now owns 19,266 shares of the industrial products company’s stock worth $678,000 after buying an additional 340 shares in the last quarter. Covestor Ltd grew its position in shares of Powell Industries by 121.1% during the 3rd quarter. Covestor Ltd now owns 796 shares of the industrial products company’s stock worth $66,000 after buying an additional 436 shares in the last quarter. Finally, UBS Group AG lifted its stake in shares of Powell Industries by 9.9% during the 4th quarter. UBS Group AG now owns 5,422 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 489 shares during the last quarter. Institutional investors own 89.77% of the company’s stock.

Insider Buying and Selling at Powell Industries

In other Powell Industries news, major shareholder Thomas W. Powell sold 6,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $151.36, for a total value of $908,160.00. Following the completion of the sale, the insider now directly owns 714,643 shares in the company, valued at $108,168,364.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, major shareholder Thomas W. Powell sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $174.38, for a total value of $871,900.00. Following the completion of the transaction, the insider now directly owns 1,688,628 shares in the company, valued at $294,462,950.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Thomas W. Powell sold 6,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $151.36, for a total value of $908,160.00. Following the completion of the transaction, the insider now owns 714,643 shares of the company’s stock, valued at $108,168,364.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,000 shares of company stock worth $4,850,830. 2.20% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com cut Powell Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 1st.

View Our Latest Stock Analysis on POWL

Powell Industries Price Performance

Shares of NASDAQ POWL opened at $135.02 on Wednesday. The stock has a market capitalization of $1.62 billion, a P/E ratio of 21.20, a price-to-earnings-growth ratio of 1.35 and a beta of 0.80. Powell Industries, Inc. has a 1-year low of $38.87 and a 1-year high of $197.87. The business has a fifty day moving average price of $143.42 and a 200 day moving average price of $104.28.

Powell Industries (NASDAQ:POWLGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.98. The firm had revenue of $194.00 million during the quarter, compared to analysts’ expectations of $182.04 million. Powell Industries had a return on equity of 22.30% and a net margin of 10.10%. The firm’s quarterly revenue was up 53.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 EPS. As a group, equities research analysts anticipate that Powell Industries, Inc. will post 7.54 earnings per share for the current fiscal year.

Powell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 14th were paid a $0.262 dividend. This represents a $1.05 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Tuesday, February 13th. Powell Industries’s dividend payout ratio (DPR) is presently 16.64%.

Powell Industries Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Powell Industries (NASDAQ:POWL)

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