MGO One Seven LLC Makes New $387,000 Investment in Powell Industries, Inc. $POWL

MGO One Seven LLC purchased a new stake in shares of Powell Industries, Inc. (NASDAQ:POWL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,269 shares of the industrial products company’s stock, valued at approximately $387,000.

A number of other hedge funds have also modified their holdings of POWL. Elevation Point Wealth Partners LLC purchased a new stake in shares of Powell Industries during the second quarter worth $33,000. State of Wyoming purchased a new stake in shares of Powell Industries during the 2nd quarter worth about $33,000. Manchester Capital Management LLC lifted its holdings in shares of Powell Industries by 42.9% during the 2nd quarter. Manchester Capital Management LLC now owns 200 shares of the industrial products company’s stock valued at $42,000 after buying an additional 60 shares during the last quarter. Virtus Advisers LLC bought a new stake in shares of Powell Industries in the 2nd quarter valued at approximately $46,000. Finally, Morgan Dempsey Capital Management LLC bought a new stake in shares of Powell Industries in the 2nd quarter valued at approximately $52,000. 89.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on POWL shares. Roth Capital reiterated a “buy” rating and issued a $350.00 target price on shares of Powell Industries in a research note on Wednesday, November 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Powell Industries in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Powell Industries from a “buy” rating to a “hold” rating in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $350.00.

Powell Industries Price Performance

POWL stock opened at $419.98 on Monday. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 1.97 and a beta of 0.86. The company has a 50-day moving average of $340.41 and a two-hundred day moving average of $303.10. Powell Industries, Inc. has a 52-week low of $146.02 and a 52-week high of $446.11.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings data on Tuesday, November 18th. The industrial products company reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $3.76 by $0.46. Powell Industries had a return on equity of 31.80% and a net margin of 16.37%.The business had revenue of $297.98 million for the quarter, compared to analyst estimates of $292.85 million. During the same period in the previous year, the company posted $3.77 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities analysts expect that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th were given a $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, November 19th. Powell Industries’s dividend payout ratio is currently 7.21%.

Insider Activity

In related news, VP William Marshall Mauney, Jr. sold 3,000 shares of the company’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $331.73, for a total transaction of $995,190.00. Following the completion of the transaction, the vice president directly owned 4,451 shares in the company, valued at $1,476,530.23. This represents a 40.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.20% of the company’s stock.

About Powell Industries

Powell Industries, Inc is an industrial electrical engineering company specializing in the design, manufacture and integration of customized power control and distribution solutions. The firm’s offerings range from medium‐voltage switchgear and power control centers to bus duct, motor control centers and specialty transformers. Powell also provides automation systems, protective relaying, metering, supervisory control and data acquisition (SCADA) platforms, and turnkey engineering services to help clients manage critical power infrastructure.

Serving the oil and gas, petrochemical, refining, utility, mining and industrial sectors, Powell’s products are engineered to meet demanding performance, safety and reliability requirements.