Aurora Investment Counsel Makes New $2.06 Million Investment in Powell Industries, Inc. (NASDAQ:POWL)

Aurora Investment Counsel purchased a new stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 12,109 shares of the industrial products company's stock, valued at approximately $2,063,000. Aurora Investment Counsel owned 0.10% of Powell Industries as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sei Investments Co. grew its holdings in Powell Industries by 3.1% during the 4th quarter. Sei Investments Co. now owns 2,849 shares of the industrial products company's stock worth $631,000 after acquiring an additional 85 shares in the last quarter. Freedom Investment Management Inc. boosted its stake in Powell Industries by 3.7% during the 4th quarter. Freedom Investment Management Inc. now owns 2,421 shares of the industrial products company's stock worth $537,000 after purchasing an additional 87 shares during the period. PNC Financial Services Group Inc. boosted its stake in Powell Industries by 10.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 979 shares of the industrial products company's stock worth $217,000 after purchasing an additional 90 shares during the period. GeoWealth Management LLC boosted its stake in Powell Industries by 123.8% during the 4th quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company's stock worth $40,000 after purchasing an additional 99 shares during the period. Finally, Prestige Wealth Management Group LLC boosted its stake in Powell Industries by 100.0% during the 4th quarter. Prestige Wealth Management Group LLC now owns 200 shares of the industrial products company's stock worth $44,000 after purchasing an additional 100 shares during the period. 89.77% of the stock is owned by hedge funds and other institutional investors.

Powell Industries Stock Performance

Powell Industries stock traded up $18.91 during trading hours on Thursday, reaching $236.51. 496,425 shares of the stock were exchanged, compared to its average volume of 416,286. The firm's 50 day moving average is $192.11 and its 200 day moving average is $197.18. The stock has a market cap of $2.85 billion, a P/E ratio of 16.62, a P/E/G ratio of 1.10 and a beta of 0.77. Powell Industries, Inc. has a 52-week low of $127.01 and a 52-week high of $364.98.

Powell Industries (NASDAQ:POWL - Get Free Report) last posted its earnings results on Tuesday, May 6th. The industrial products company reported $3.81 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.47. The firm had revenue of $278.63 million during the quarter, compared to the consensus estimate of $282.68 million. Powell Industries had a net margin of 16.00% and a return on equity of 35.43%. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the firm posted $2.75 EPS. Equities research analysts expect that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st were issued a dividend of $0.2675 per share. The ex-dividend date was Wednesday, May 21st. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.45%. Powell Industries's dividend payout ratio (DPR) is presently 7.52%.

Insider Transactions at Powell Industries

In other news, EVP Michael William Metcalf sold 3,921 shares of Powell Industries stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $210.55, for a total transaction of $825,566.55. Following the completion of the sale, the executive vice president directly owned 28,900 shares in the company, valued at $6,084,895. The trade was a 11.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brett Alan Cope sold 6,775 shares of Powell Industries stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $210.55, for a total transaction of $1,426,476.25. Following the sale, the chief executive officer owned 147,471 shares of the company's stock, valued at approximately $31,050,019.05. This trade represents a 4.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,308 shares of company stock valued at $3,574,755. Insiders own 2.20% of the company's stock.

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.