Nisa Investment Advisors LLC Acquires 1,106 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Nisa Investment Advisors LLC lifted its holdings in Powell Industries, Inc. (NASDAQ:POWL) by 14.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,706 shares of the industrial products company’s stock after buying an additional 1,106 shares during the period. Nisa Investment Advisors LLC’s holdings in Powell Industries were worth $770,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Jetstream Capital LLC bought a new stake in shares of Powell Industries in the 3rd quarter worth about $2,902,000. Stratos Wealth Partners LTD. boosted its stake in shares of Powell Industries by 119.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 17,253 shares of the industrial products company’s stock worth $1,525,000 after purchasing an additional 9,393 shares during the period. Invesco Ltd. boosted its stake in shares of Powell Industries by 28.1% during the 3rd quarter. Invesco Ltd. now owns 156,952 shares of the industrial products company’s stock worth $13,011,000 after purchasing an additional 34,455 shares during the period. FMR LLC boosted its stake in shares of Powell Industries by 1,377.9% during the 3rd quarter. FMR LLC now owns 138,597 shares of the industrial products company’s stock worth $11,490,000 after purchasing an additional 129,219 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Powell Industries by 169.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 73,865 shares of the industrial products company’s stock worth $6,123,000 after purchasing an additional 46,413 shares during the period. 89.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Powell Industries

In other Powell Industries news, major shareholder Thomas W. Powell sold 10,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $167.46, for a total value of $1,674,600.00. Following the completion of the sale, the insider now directly owns 1,703,628 shares of the company’s stock, valued at approximately $285,289,544.88. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Powell Industries news, major shareholder Thomas W. Powell sold 6,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were 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 of the company’s stock, valued at approximately $108,168,364.48. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Thomas W. Powell sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $167.46, for a total transaction of $1,674,600.00. Following the completion of the sale, the insider now directly owns 1,703,628 shares of the company’s stock, valued at approximately $285,289,544.88. The disclosure for this sale can be found here. Insiders sold a total of 30,000 shares of company stock valued at $4,850,830 in the last three months. Company insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

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

Powell Industries Trading Down 0.9 %

POWL stock opened at $125.39 on Wednesday. Powell Industries, Inc. has a 12 month low of $38.91 and a 12 month high of $197.87. The company has a 50-day moving average price of $149.58 and a 200 day moving average price of $107.87. The stock has a market cap of $1.50 billion, a PE ratio of 19.68, a P/E/G ratio of 1.19 and a beta of 0.80.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.98. Powell Industries had a net margin of 10.10% and a return on equity of 22.30%. The firm had revenue of $194.00 million during the quarter, compared to analysts’ expectations of $182.04 million. During the same period in the previous year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 53.0% compared to the same quarter last year. Sell-side analysts forecast that Powell Industries, Inc. will post 7.54 EPS for the current year.

Powell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 14th were given a $0.262 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $1.05 annualized dividend and a yield of 0.84%. Powell Industries’s dividend payout ratio (DPR) is 16.64%.

About Powell Industries

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.