Powell Industries, Inc. (NASDAQ:POWL) Shares Acquired by Carnegie Investment Counsel

Carnegie Investment Counsel grew its stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 18.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 16,633 shares of the industrial products company's stock after buying an additional 2,608 shares during the quarter. Carnegie Investment Counsel owned 0.14% of Powell Industries worth $2,808,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sei Investments Co. grew its stake in shares of Powell Industries by 3.1% in the 4th quarter. Sei Investments Co. now owns 2,849 shares of the industrial products company's stock valued at $631,000 after purchasing an additional 85 shares during the last quarter. Freedom Investment Management Inc. grew its stake in Powell Industries by 3.7% in the 4th quarter. Freedom Investment Management Inc. now owns 2,421 shares of the industrial products company's stock worth $537,000 after acquiring an additional 87 shares during the period. GeoWealth Management LLC grew its stake in Powell Industries by 123.8% in the 4th quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company's stock worth $40,000 after acquiring an additional 99 shares during the period. Two Sigma Investments LP grew its stake in Powell Industries by 3.7% in the 4th quarter. Two Sigma Investments LP now owns 2,904 shares of the industrial products company's stock worth $644,000 after acquiring an additional 104 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its stake in Powell Industries by 6.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,708 shares of the industrial products company's stock worth $379,000 after acquiring an additional 109 shares during the period. Institutional investors and hedge funds own 89.77% of the company's stock.

Powell Industries Stock Performance

Powell Industries stock traded up $8.21 during trading on Friday, hitting $248.37. The company's stock had a trading volume of 310,881 shares, compared to its average volume of 275,197. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 1.21 and a beta of 0.77. The stock's fifty day moving average is $197.92 and its 200 day moving average is $197.10. Powell Industries, Inc. has a 1-year low of $132.41 and a 1-year high of $364.98.

Powell Industries (NASDAQ:POWL - Get Free Report) last released its earnings results on Tuesday, May 6th. The industrial products company reported $3.81 EPS 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 analyst estimates of $282.68 million. Powell Industries had a return on equity of 35.43% and a net margin of 16.00%. The business's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.75 earnings per share. On average, research analysts anticipate that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st were paid a $0.2675 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $1.07 annualized dividend and a yield of 0.43%. Powell Industries's payout ratio is currently 7.52%.

Insider Buying and Selling at Powell Industries

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

Powell Industries Company 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.