Powell Industries, Inc. $POWL Shares Sold by American Century Companies Inc.

American Century Companies Inc. reduced its position in Powell Industries, Inc. (NASDAQ:POWL) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,915 shares of the industrial products company’s stock after selling 3,863 shares during the quarter. American Century Companies Inc. owned approximately 0.40% of Powell Industries worth $10,084,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group boosted its stake in shares of Powell Industries by 168.8% in the first quarter. Brooklyn Investment Group now owns 172 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 108 shares during the period. Harbour Investments Inc. lifted 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 buying an additional 197 shares in the last quarter. Morgan Dempsey Capital Management LLC purchased a new position in Powell Industries in the 2nd quarter valued at approximately $52,000. Optimum Investment Advisors boosted its position in Powell Industries by 114.3% in the 2nd quarter. Optimum Investment Advisors now owns 300 shares of the industrial products company’s stock valued at $63,000 after buying an additional 160 shares during the period. Finally, AlphaQuest LLC grew its stake in shares of Powell Industries by 472.0% in 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 in the last quarter. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

Powell Industries Stock Performance

Shares of POWL stock opened at $336.93 on Friday. The stock’s 50-day moving average is $334.33 and its two-hundred day moving average is $265.81. Powell Industries, Inc. has a 1 year low of $146.02 and a 1 year high of $413.00. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 1.51 and a beta of 0.87.

Powell Industries (NASDAQ:POWL) last announced its earnings results on Tuesday, November 18th. The industrial products company reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.76 by $0.46. The firm had revenue of $297.98 million during the quarter, compared to analysts’ expectations of $292.85 million. Powell Industries had a return on equity of 31.80% and a net margin of 16.37%.The business’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.77 EPS. As a group, research analysts predict that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be given a dividend of $0.2675 per share. The ex-dividend date is Wednesday, November 19th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.3%. Powell Industries’s dividend payout ratio (DPR) is 7.21%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Powell Industries in a research note on Monday. Roth Capital reaffirmed a “buy” rating and issued a $350.00 price target on shares of Powell Industries in a research report on Wednesday, November 19th. Finally, Wall Street Zen upgraded Powell Industries from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $331.00.

Insider Activity at Powell Industries

In related 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by insiders.

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.