Blackhawk Capital Partners LLC Acquires Shares of 4,122 Powell Industries, Inc. $POWL

Blackhawk Capital Partners LLC acquired a new position in shares of Powell Industries, Inc. (NASDAQ:POWL) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 4,122 shares of the industrial products company’s stock, valued at approximately $1,256,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of POWL. First Trust Advisors LP lifted its holdings in Powell Industries by 31.7% during the 2nd quarter. First Trust Advisors LP now owns 371,016 shares of the industrial products company’s stock worth $78,080,000 after buying an additional 89,407 shares during the last quarter. State Street Corp raised its position in shares of Powell Industries by 0.9% during the 2nd quarter. State Street Corp now owns 352,103 shares of the industrial products company’s stock worth $74,100,000 after acquiring an additional 3,159 shares in the last quarter. Invesco Ltd. lifted its stake in Powell Industries by 23.2% during the second quarter. Invesco Ltd. now owns 340,008 shares of the industrial products company’s stock worth $71,555,000 after purchasing an additional 64,029 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Powell Industries by 2.5% in the second quarter. Geode Capital Management LLC now owns 237,715 shares of the industrial products company’s stock valued at $50,033,000 after purchasing an additional 5,725 shares in the last quarter. Finally, Ophir Asset Management Pty Ltd increased its stake in Powell Industries by 71.3% in the second quarter. Ophir Asset Management Pty Ltd now owns 185,127 shares of the industrial products company’s stock valued at $42,696,000 after purchasing an additional 77,031 shares during the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on POWL. Cantor Fitzgerald began coverage on shares of Powell Industries in a research report on Friday. They set a “neutral” rating and a $427.00 price objective for the company. Weiss Ratings restated a “buy (b-)” rating on shares of Powell Industries in a research note on Monday, December 29th. Roth Mkm reiterated a “buy” rating and set a $350.00 target price on shares of Powell Industries in a research report on Wednesday, November 19th. Finally, Wall Street Zen downgraded Powell Industries from a “buy” rating to a “hold” rating in a report on Monday, January 19th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $388.50.

Insiders Place Their Bets

In other Powell Industries news, VP William Marshall Mauney, Jr. sold 3,000 shares of the business’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $331.73, for a total value of $995,190.00. Following the transaction, the vice president directly owned 4,451 shares of the company’s stock, valued at approximately $1,476,530.23. The trade was a 40.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by company insiders.

Powell Industries Stock Performance

Shares of NASDAQ:POWL opened at $417.95 on Friday. Powell Industries, Inc. has a one year low of $146.02 and a one year high of $446.11. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 2.00 and a beta of 0.86. The company has a 50-day simple moving average of $347.68 and a 200-day simple moving average of $309.06.

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

Powell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th were issued a dividend of $0.2675 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $1.07 annualized dividend and a dividend yield of 0.3%. Powell Industries’s dividend payout ratio (DPR) is currently 7.21%.

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.