Farther Finance Advisors LLC Sells 184 Shares of Powell Industries, Inc. $POWL

Farther Finance Advisors LLC lessened its position in Powell Industries, Inc. (NASDAQ:POWL) by 50.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184 shares of the industrial products company’s stock after selling 184 shares during the period. Farther Finance Advisors LLC’s holdings in Powell Industries were worth $39,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Sei Investments Co. lifted its stake in shares of Powell Industries by 2.7% during the 1st quarter. Sei Investments Co. now owns 2,926 shares of the industrial products company’s stock worth $498,000 after buying an additional 77 shares during the last quarter. Brooklyn Investment Group raised its position in shares of Powell Industries by 168.8% in the 1st quarter. Brooklyn Investment Group now owns 172 shares of the industrial products company’s stock valued at $29,000 after buying an additional 108 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Powell Industries by 0.5% during 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 last quarter. US Bancorp DE grew its holdings in shares of Powell Industries by 4.8% during the 1st quarter. US Bancorp DE now owns 2,775 shares of the industrial products company’s stock valued at $473,000 after purchasing an additional 126 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in shares of Powell Industries by 11.4% during the 1st quarter. Vontobel Holding Ltd. now owns 1,337 shares of the industrial products company’s stock valued at $228,000 after purchasing an additional 137 shares during the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Powell Industries in a report 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 company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $312.00.

Powell Industries Stock Up 0.5%

Powell Industries stock opened at $313.27 on Wednesday. The firm’s fifty day moving average is $272.80 and its 200 day moving average is $218.84. 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 $3.78 billion, a PE ratio of 21.75, a PEG ratio of 1.49 and a beta of 0.82.

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 the consensus estimate of $3.73 by $0.23. Powell Industries had a net margin of 16.22% and a return on equity of 33.16%. The firm had revenue of $286.27 million for the quarter, compared to the consensus estimate of $301.69 million. During the same quarter in the prior year, the company posted $3.79 earnings per share. The business’s revenue was down .7% on a year-over-year basis. Sell-side analysts expect that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were paid a $0.2675 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $1.07 annualized dividend and a dividend yield of 0.3%. Powell Industries’s dividend payout ratio is presently 7.43%.

Insider Buying and Selling at Powell Industries

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

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.