10,163 Shares in Powell Industries, Inc. $POWL Acquired by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP acquired a new position in shares of Powell Industries, Inc. (NASDAQ:POWL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 10,163 shares of the industrial products company’s stock, valued at approximately $3,098,000. Hudson Bay Capital Management LP owned approximately 0.08% of Powell Industries as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Truist Financial Corp lifted its stake in Powell Industries by 42.9% in the 3rd quarter. Truist Financial Corp now owns 15,041 shares of the industrial products company’s stock worth $4,585,000 after acquiring an additional 4,519 shares in the last quarter. Tema Etfs LLC increased its holdings in shares of Powell Industries by 281.6% in the 3rd quarter. Tema Etfs LLC now owns 53,170 shares of the industrial products company’s stock valued at $16,207,000 after purchasing an additional 39,238 shares during the period. Stephens Investment Management Group LLC lifted its position in shares of Powell Industries by 6.5% in the third quarter. Stephens Investment Management Group LLC now owns 89,669 shares of the industrial products company’s stock worth $27,332,000 after purchasing an additional 5,455 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Powell Industries by 32.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 56,620 shares of the industrial products company’s stock worth $17,961,000 after purchasing an additional 14,013 shares in the last quarter. Finally, Littlejohn Financial Services Inc. purchased a new position in Powell Industries during the third quarter valued at approximately $1,078,000. 89.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Thomas W. Powell sold 318 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $560.37, for a total value of $178,197.66. Following the sale, the insider directly owned 650,472 shares of the company’s stock, valued at approximately $364,504,994.64. This trade represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brett Alan Cope sold 1,480 shares of Powell Industries stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $504.80, for a total value of $747,104.00. Following the completion of the transaction, the chief executive officer owned 169,291 shares in the company, valued at $85,458,096.80. The trade was a 0.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,638 shares of company stock valued at $16,912,266 over the last three months. 2.20% of the stock is currently owned by insiders.

Powell Industries Stock Performance

Shares of POWL stock opened at $516.00 on Friday. The stock’s 50 day simple moving average is $499.30 and its 200 day simple moving average is $387.58. Powell Industries, Inc. has a twelve month low of $152.89 and a twelve month high of $612.50. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 2.31 and a beta of 0.82.

Powell Industries shares are going to split before the market opens on Monday, April 6th. The 3-1 split was recently announced. The newly issued shares will be payable to shareholders after the market closes on Sunday, April 5th.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.55. Powell Industries had a net margin of 16.82% and a return on equity of 30.64%. The company had revenue of $251.18 million for the quarter, compared to analyst estimates of $255.34 million. During the same quarter last year, the firm posted $2.86 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, analysts forecast that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 18th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $1.08 dividend on an annualized basis and a yield of 0.2%. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend payout ratio (DPR) is presently 7.02%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on POWL shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Powell Industries in a research report on Monday, December 29th. Glj Research began coverage on shares of Powell Industries in a research note on Thursday, March 5th. They issued a “hold” rating and a $450.00 price target on the stock. Wall Street Zen lowered Powell Industries from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Cantor Fitzgerald boosted their target price on Powell Industries from $427.00 to $481.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $427.00.

Powell Industries Profile

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.