1,006 Shares in Powell Industries, Inc. $POWL Purchased by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC acquired a new position in Powell Industries, Inc. (NASDAQ:POWL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,006 shares of the industrial products company’s stock, valued at approximately $212,000.

A number of other institutional investors have also recently made changes to their positions in POWL. Versant Capital Management Inc acquired a new stake in shares of Powell Industries in the first quarter worth approximately $25,000. Brooklyn Investment Group boosted its stake in Powell Industries by 168.8% during the 1st quarter. Brooklyn Investment Group now owns 172 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 108 shares during the last quarter. Harbour Investments Inc. boosted its position 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 last quarter. AlphaQuest LLC boosted its position in Powell Industries by 472.0% during the first quarter. AlphaQuest LLC now owns 429 shares of the industrial products company’s stock worth $73,000 after acquiring an additional 354 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in 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 acquiring an additional 138 shares during the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Powell Industries news, Director John Birchall sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $260.03, for a total value of $780,090.00. Following the transaction, the director directly owned 6,700 shares in the company, valued at $1,742,201. The trade was a 30.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael William Metcalf sold 3,200 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $298.74, for a total transaction of $955,968.00. Following the completion of the transaction, the executive vice president owned 25,700 shares in the company, valued at $7,677,618. The trade was a 11.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

Powell Industries Price Performance

Shares of Powell Industries stock opened at $290.98 on Friday. The stock has a market cap of $3.51 billion, a P/E ratio of 20.21, a P/E/G ratio of 1.41 and a beta of 0.85. The stock’s 50 day simple moving average is $262.39 and its 200-day simple moving average is $212.18. 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 quarterly earnings data 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 for the quarter, compared to analyst estimates of $301.69 million. Powell Industries had a return on equity of 33.16% and a net margin of 16.22%.The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.79 earnings per share. As a group, research 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 was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were given a dividend of $0.2675 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $1.07 annualized dividend and a dividend yield of 0.4%. Powell Industries’s payout ratio is presently 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.