American Century Companies Inc. Sells 299,972 Shares of Powell Industries, Inc. $POWL

American Century Companies Inc. decreased its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 85.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,778 shares of the industrial products company’s stock after selling 299,972 shares during the quarter. American Century Companies Inc. owned approximately 0.43% of Powell Industries worth $8,819,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new stake in Powell Industries during the 1st quarter valued at about $25,000. Harbour Investments Inc. lifted its holdings in Powell Industries by 1,970.0% during the 1st quarter. Harbour Investments Inc. now owns 207 shares of the industrial products company’s stock valued at $35,000 after buying an additional 197 shares in the last quarter. GAMMA Investing LLC increased its position in 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 purchasing an additional 138 shares during the period. SBI Securities Co. Ltd. increased its position in Powell Industries by 138.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 614 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 356 shares during the period. Finally, Rossby Financial LCC purchased a new position in Powell Industries during the 1st quarter valued at about $112,000. Institutional investors own 89.77% of the company’s stock.

Powell Industries Stock Performance

NASDAQ POWL opened at $273.23 on Wednesday. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 1.28 and a beta of 0.81. The company’s 50-day simple moving average is $227.43 and its two-hundred day simple moving average is $196.37. Powell Industries, Inc. has a one year low of $146.02 and a one year high of $364.98.

Powell Industries (NASDAQ:POWL) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $3.96 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.23. The business had revenue of $286.27 million for the quarter, compared to the consensus estimate of $301.69 million. Powell Industries had a net margin of 16.22% and a return on equity of 33.16%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $3.79 EPS. Equities analysts expect that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Dividend Announcement

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

Insider Transactions at Powell Industries

In other news, CEO Brett Alan Cope sold 6,775 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 value of $1,426,476.25. Following the transaction, the chief executive officer owned 147,471 shares of the company’s stock, valued at $31,050,019.05. The trade was a 4.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael William Metcalf sold 3,921 shares of Powell Industries stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $210.55, for a total transaction of $825,566.55. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 17,308 shares of company stock worth $3,574,755 in the last three months. Insiders own 2.20% of the company’s stock.

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.