Ruffer LLP Invests $2.86 Million in Powell Industries, Inc. (NASDAQ:POWL)

Ruffer LLP acquired a new position in Powell Industries, Inc. (NASDAQ:POWL) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,809 shares of the industrial products company’s stock, valued at approximately $2,863,000. Ruffer LLP owned about 0.14% of Powell Industries as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of POWL. US Bancorp DE grew its holdings in Powell Industries by 4.8% during the first quarter. US Bancorp DE now owns 2,775 shares of the industrial products company’s stock worth $473,000 after acquiring an additional 126 shares during the period. Harbour Investments Inc. grew its holdings in Powell Industries by 1,970.0% during the first quarter. Harbour Investments Inc. now owns 207 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 197 shares during the period. Federated Hermes Inc. grew its holdings in Powell Industries by 96.9% during the first quarter. Federated Hermes Inc. now owns 123,349 shares of the industrial products company’s stock worth $21,010,000 after acquiring an additional 60,690 shares during the period. Assetmark Inc. grew its holdings in Powell Industries by 32.3% during the first quarter. Assetmark Inc. now owns 14,792 shares of the industrial products company’s stock worth $2,520,000 after acquiring an additional 3,615 shares during the period. Finally, Cetera Investment Advisers grew its holdings in Powell Industries by 177.5% during the first quarter. Cetera Investment Advisers now owns 4,937 shares of the industrial products company’s stock worth $841,000 after acquiring an additional 3,158 shares during the period. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

Powell Industries Stock Down 4.0%

Powell Industries stock opened at $227.66 on Monday. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 1.15 and a beta of 0.81. Powell Industries, Inc. has a 52 week low of $143.00 and a 52 week high of $364.98. The business’s 50-day moving average price is $203.62 and its 200 day moving average price is $196.41.

Powell Industries (NASDAQ:POWL) last posted its earnings results on Tuesday, May 6th. The industrial products company reported $3.81 EPS for the quarter, topping the consensus estimate of $3.34 by $0.47. The firm had revenue of $278.63 million for the quarter, compared to analyst estimates of $282.68 million. Powell Industries had a return on equity of 35.43% and a net margin of 16.00%. Powell Industries’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the company earned $2.75 earnings per share. Equities analysts expect that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were issued a $0.2675 dividend. This represents a $1.07 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, May 21st. Powell Industries’s dividend payout ratio (DPR) is presently 7.52%.

Insider Activity at Powell Industries

In other Powell Industries news, EVP Michael William Metcalf sold 3,921 shares of the firm’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $210.55, for a total value of $825,566.55. Following the sale, the executive vice president directly owned 28,900 shares of the company’s stock, valued at approximately $6,084,895. This trade represents a 11.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brett Alan Cope sold 6,775 shares of the firm’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $210.55, for a total value of $1,426,476.25. Following the completion of the sale, the chief executive officer directly owned 147,471 shares in the company, valued at approximately $31,050,019.05. The trade was a 4.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,308 shares of company stock worth $3,574,755. 2.20% of the stock is owned by corporate insiders.

Powell Industries 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.