Powell Industries, Inc. $POWL Stake Boosted by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 32.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 797 shares of the industrial products company’s stock after acquiring an additional 196 shares during the period. GAMMA Investing LLC’s holdings in Powell Industries were worth $168,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc acquired a new position in shares of Powell Industries during the 1st quarter worth $25,000. Brooklyn Investment Group lifted its holdings in shares of 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 acquiring an additional 108 shares during the period. Harbour Investments Inc. lifted its holdings 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 during the period. AlphaQuest LLC lifted its holdings in shares of Powell Industries by 472.0% during the 1st 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 period. Finally, SBI Securities Co. Ltd. increased its position in shares of Powell Industries by 138.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 614 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 356 shares in the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

Powell Industries Stock Up 4.1%

Shares of POWL stock opened at $303.02 on Tuesday. Powell Industries, Inc. has a 12-month low of $146.02 and a 12-month high of $364.98. The company has a market capitalization of $3.66 billion, a P/E ratio of 21.04, a P/E/G ratio of 1.44 and a beta of 0.85. The firm has a 50-day moving average price of $264.03 and a 200 day moving average price of $213.72.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.23. The firm had revenue of $286.27 million during 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 firm’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm posted $3.79 EPS. As a group, research analysts expect that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were given a $0.2675 dividend. This represents a $1.07 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, August 20th. Powell Industries’s dividend payout ratio (DPR) is presently 7.43%.

Insider Activity

In other Powell Industries news, Director John Birchall sold 3,000 shares of the firm’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 completion of the sale, the director owned 6,700 shares in the company, valued at approximately $1,742,201. This trade represents a 30.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael William Metcalf sold 3,200 shares of the firm’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 sale, the executive vice president owned 25,700 shares of the company’s stock, valued at $7,677,618. The trade was a 11.07% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

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.