Powell Industries, Inc. $POWL Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 697,887 shares of the industrial products company’s stock after acquiring an additional 9,829 shares during the quarter. Vanguard Group Inc. owned about 5.78% of Powell Industries worth $118,871,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in POWL. Versant Capital Management Inc bought a new stake in Powell Industries during the first quarter worth approximately $25,000. GeoWealth Management LLC boosted its stake 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 worth $40,000 after acquiring an additional 99 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of Powell Industries by 1,970.0% during the 1st quarter. Harbour Investments Inc. now owns 207 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 197 shares in the last quarter. Rossby Financial LCC acquired a new position in shares of Powell Industries in the 1st quarter worth $112,000. Finally, GAMMA Investing LLC raised its position in shares of Powell Industries by 29.8% during the first quarter. GAMMA Investing LLC now owns 601 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 138 shares during the period. Institutional investors and hedge funds own 89.77% of the company’s stock.

Insider Activity at Powell Industries

In other Powell Industries news, EVP Michael William Metcalf sold 3,921 shares of Powell Industries stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $210.55, for a total transaction of $825,566.55. Following the transaction, the executive vice president directly owned 28,900 shares in the company, valued at approximately $6,084,895. The trade was a 11.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brett Alan Cope sold 6,775 shares of the business’s stock in a transaction on Friday, June 27th. The shares were sold at an average price of $210.55, for a total transaction of $1,426,476.25. Following the sale, the chief executive officer directly owned 147,471 shares in the company, valued at approximately $31,050,019.05. This trade represents a 4.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,308 shares of company stock valued at $3,574,755. 2.20% of the stock is owned by insiders.

Powell Industries Stock Up 1.8%

Shares of NASDAQ POWL opened at $250.93 on Friday. Powell Industries, Inc. has a 12 month low of $146.02 and a 12 month high of $364.98. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 1.22 and a beta of 0.81. The business has a fifty day simple moving average of $222.81 and a 200-day simple moving average of $196.10.

Powell Industries (NASDAQ:POWL) last issued its quarterly 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. Powell Industries had a return on equity of 33.16% and a net margin of 16.22%.The firm had revenue of $286.27 million for the quarter, compared to analysts’ expectations of $301.69 million. During the same quarter last year, the business posted $3.79 EPS. Powell Industries’s revenue was down .7% on a year-over-year basis. As a group, sell-side analysts expect that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Announces Dividend

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

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.