Wealth Enhancement Advisory Services LLC Grows Stake in Powell Industries, Inc. $POWL

Wealth Enhancement Advisory Services LLC grew its holdings in Powell Industries, Inc. (NASDAQ:POWL) by 9.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,122 shares of the industrial products company’s stock after buying an additional 184 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Powell Industries were worth $462,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of POWL. Two Sigma Investments LP lifted its holdings in Powell Industries by 3.7% in the 4th quarter. Two Sigma Investments LP now owns 2,904 shares of the industrial products company’s stock worth $644,000 after buying an additional 104 shares during the period. Rhumbline Advisers lifted its stake in shares of Powell Industries by 0.5% in the 1st quarter. Rhumbline Advisers now owns 25,463 shares of the industrial products company’s stock valued at $4,337,000 after purchasing an additional 118 shares during the period. Vest Financial LLC purchased a new position in shares of Powell Industries in the 1st quarter valued at approximately $817,000. Wesbanco Bank Inc. purchased a new position in shares of Powell Industries in the 1st quarter valued at approximately $818,000. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Powell Industries by 412.8% in the 1st quarter. Harbor Capital Advisors Inc. now owns 21,095 shares of the industrial products company’s stock valued at $3,593,000 after purchasing an additional 16,981 shares during the period. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Insider Buying and Selling at Powell Industries

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

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Powell Industries in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $312.00.

Powell Industries Price Performance

POWL stock opened at $304.06 on Monday. The company has a market cap of $3.67 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. Powell Industries, Inc. has a 1 year low of $146.02 and a 1 year high of $364.98. The stock’s fifty day moving average price is $269.82 and its 200-day moving average price is $217.28.

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, beating the consensus estimate of $3.73 by $0.23. The company had revenue of $286.27 million for 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 period in the previous year, the business earned $3.79 earnings per share. As a group, 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 announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were given a dividend of $0.2675 per share. The ex-dividend date was Wednesday, August 20th. This represents a $1.07 annualized dividend and a yield of 0.4%. Powell Industries’s payout ratio is 7.43%.

Powell Industries 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.