Powell Industries, Inc. (NASDAQ:POWL) Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its stake in Powell Industries, Inc. (NASDAQ:POWL) by 77.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,888 shares of the industrial products company’s stock after purchasing an additional 5,201 shares during the quarter. Cambridge Investment Research Advisors Inc. owned about 0.10% of Powell Industries worth $1,705,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New York State Common Retirement Fund raised its holdings in shares of Powell Industries by 20.4% in the 4th quarter. New York State Common Retirement Fund now owns 4,277 shares of the industrial products company’s stock worth $378,000 after purchasing an additional 724 shares during the period. Yousif Capital Management LLC increased its position in Powell Industries by 11.0% during the 4th quarter. Yousif Capital Management LLC now owns 5,047 shares of the industrial products company’s stock worth $446,000 after purchasing an additional 499 shares in the last quarter. Precision Wealth Strategies LLC raised its holdings in Powell Industries by 4.6% in the fourth quarter. Precision Wealth Strategies LLC now owns 3,255 shares of the industrial products company’s stock valued at $288,000 after buying an additional 142 shares during the period. AJOVista LLC acquired a new position in Powell Industries during the fourth quarter valued at approximately $29,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Powell Industries by 1.4% during the fourth 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 during the period. Institutional investors and hedge funds own 89.77% of the company’s stock.

Wall Street Analyst Weigh In

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

Powell Industries Price Performance

Shares of POWL opened at $152.61 on Wednesday. Powell Industries, Inc. has a 12 month low of $72.51 and a 12 month high of $209.14. The stock’s 50-day moving average is $154.20 and its two-hundred day moving average is $156.44. The stock has a market cap of $1.83 billion, a PE ratio of 18.12, a P/E/G ratio of 1.00 and a beta of 0.88.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.79 EPS for the quarter, topping the consensus estimate of $2.16 by $1.63. Powell Industries had a return on equity of 33.09% and a net margin of 13.77%. The firm had revenue of $288.17 million for the quarter, compared to analyst estimates of $222.18 million. During the same period in the previous year, the company posted $1.52 EPS. Powell Industries’s revenue for the quarter was up 49.8% on a year-over-year basis. On average, research analysts anticipate that Powell Industries, Inc. will post 12.01 earnings per share for the current year.

Powell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 14th will be paid a $0.265 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $1.06 annualized dividend and a dividend yield of 0.69%. Powell Industries’s dividend payout ratio (DPR) is presently 12.59%.

Insider Activity at Powell Industries

In other Powell Industries news, insider Robert B. Callahan sold 1,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $160.00, for a total value of $160,000.00. Following the transaction, the insider now owns 11,066 shares in the company, valued at approximately $1,770,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Powell Industries news, insider Robert B. Callahan sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $160.00, for a total transaction of $160,000.00. Following the completion of the sale, the insider now owns 11,066 shares in the company, valued at approximately $1,770,560. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael William Metcalf sold 5,800 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $157.52, for a total value of $913,616.00. Following the completion of the transaction, the executive vice president now directly owns 37,400 shares in the company, valued at $5,891,248. The disclosure for this sale can be found here. In the last three months, insiders sold 18,900 shares of company stock valued at $3,138,168. Corporate insiders own 2.20% of the company’s stock.

Powell Industries Company 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.