Cetera Investment Advisers Acquires 3,158 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Cetera Investment Advisers grew its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL) by 177.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,937 shares of the industrial products company’s stock after acquiring an additional 3,158 shares during the quarter. Cetera Investment Advisers’ holdings in Powell Industries were worth $841,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Versant Capital Management Inc bought a new stake in shares of Powell Industries during the 1st quarter valued at about $25,000. GeoWealth Management LLC boosted its position in shares of Powell Industries by 123.8% during the 4th quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 99 shares during the last quarter. Transce3nd LLC bought a new stake in shares of Powell Industries during the 4th quarter valued at about $78,000. Rossby Financial LCC bought a new stake in shares of Powell Industries during the 1st quarter valued at about $112,000. Finally, GAMMA Investing LLC boosted its position in shares of Powell Industries by 29.8% during the 1st quarter. GAMMA Investing LLC now owns 601 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 138 shares during the last quarter. Institutional investors own 89.77% of the company’s stock.

Powell Industries Price Performance

NASDAQ:POWL opened at $259.71 on Thursday. The business has a 50 day moving average of $215.10 and a 200 day moving average of $195.51. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.34 and a beta of 0.81. Powell Industries, Inc. has a 1-year low of $146.02 and a 1-year high of $364.98.

Powell Industries (NASDAQ:POWL) last released its earnings results on Tuesday, August 5th. The industrial products company reported $3.96 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.23. The company had revenue of $286.27 million during the quarter, compared to the consensus estimate of $301.69 million. Powell Industries had a return on equity of 33.16% and a net margin of 16.22%. Powell Industries’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.79 EPS. As a group, sell-side analysts anticipate that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be given a $0.2675 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $1.07 dividend on an annualized basis and a yield of 0.4%. Powell Industries’s payout ratio is presently 7.43%.

Insider Buying and Selling

In related news, CEO Brett Alan Cope sold 6,775 shares of the business’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 $1,426,476.25. Following the completion of the sale, the chief executive officer owned 147,471 shares in the company, valued at $31,050,019.05. The trade was a 4.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael William Metcalf sold 3,921 shares of the business’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 completion of the sale, the executive vice president owned 28,900 shares of the company’s stock, valued at $6,084,895. The trade was a 11.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,308 shares of company stock valued at $3,574,755 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

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.