5,513 Shares in Powell Industries, Inc. $POWL Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of Powell Industries, Inc. (NASDAQ:POWL) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,513 shares of the industrial products company’s stock, valued at approximately $1,160,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in POWL. Brooklyn Investment Group lifted its position 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 buying an additional 108 shares in the last quarter. Harbour Investments Inc. raised 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 worth $35,000 after purchasing an additional 197 shares during the last quarter. Morgan Dempsey Capital Management LLC bought a new stake in Powell Industries during the 2nd quarter worth about $52,000. Optimum Investment Advisors raised its holdings in Powell Industries by 114.3% during the 2nd quarter. Optimum Investment Advisors now owns 300 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 160 shares during the last quarter. Finally, AlphaQuest LLC raised its holdings in 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 purchasing an additional 354 shares during the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Powell Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $312.00.

Powell Industries Price Performance

Shares of NASDAQ:POWL opened at $390.70 on Tuesday. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 27.13, a P/E/G ratio of 1.95 and a beta of 0.82. The company has a 50 day moving average of $310.98 and a 200-day moving average of $242.54. Powell Industries, Inc. has a one year low of $146.02 and a one year high of $413.00.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.96 earnings per share 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%. Powell Industries’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the company posted $3.79 EPS. Equities research analysts anticipate that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Insider Buying and Selling

In related news, Director John Birchall sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $260.03, for a total value of $780,090.00. Following the sale, the director directly owned 6,700 shares in the company, valued at $1,742,201. This trade represents a 30.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael William Metcalf sold 3,200 shares of the stock in a transaction that occurred on 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 in the company, valued at $7,677,618. This represents a 11.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company 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.