Baader Bank Aktiengesellschaft Invests $474,000 in Powell Industries, Inc. $POWL

Baader Bank Aktiengesellschaft acquired a new stake in Powell Industries, Inc. (NASDAQ:POWL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,558 shares of the industrial products company’s stock, valued at approximately $474,000.

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

Powell Industries Stock Performance

Shares of NASDAQ:POWL opened at $592.90 on Friday. The company has a market capitalization of $7.20 billion, a PE ratio of 38.53, a PEG ratio of 2.69 and a beta of 0.85. The company has a 50 day moving average price of $401.44 and a two-hundred day moving average price of $336.47. Powell Industries, Inc. has a 52 week low of $146.02 and a 52 week high of $612.50.

Powell Industries (NASDAQ:POWL) last issued 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. The company had revenue of $251.18 million for the quarter, compared to analyst estimates of $255.34 million. Powell Industries had a return on equity of 30.64% and a net margin of 16.82%.The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.86 earnings per share. On average, sell-side analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 18th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, February 18th. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s payout ratio is currently 6.95%.

Wall Street Analysts Forecast Growth

POWL has been the topic of a number of analyst reports. Cantor Fitzgerald lifted their price target on Powell Industries from $427.00 to $481.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Powell Industries in a research note on Monday, December 29th. Wall Street Zen lowered shares of Powell Industries from a “buy” rating to a “hold” rating in a research note on Monday, January 19th. Finally, Roth Mkm reissued a “buy” rating and issued a $350.00 price target on shares of Powell Industries in a research report on Wednesday, November 19th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $415.50.

Insider Activity at Powell Industries

In related news, VP William Marshall Mauney, Jr. sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $331.73, for a total value of $995,190.00. Following the completion of the sale, the vice president directly owned 4,451 shares in the company, valued at approximately $1,476,530.23. The trade was a 40.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ping Ni sold 70 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $590.00, for a total value of $41,300.00. Following the sale, the insider directly owned 2,023 shares in the company, valued at approximately $1,193,570. This trade represents a 3.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,365 shares of company stock worth $1,204,640. 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.