Cetera Investment Advisers Purchases 3,158 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Cetera Investment Advisers boosted its position in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 177.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,937 shares of the industrial products company's stock after buying an additional 3,158 shares during the quarter. Cetera Investment Advisers' holdings in Powell Industries were worth $841,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of POWL. Freedom Investment Management Inc. boosted its position 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 acquiring an additional 87 shares during the period. GeoWealth Management LLC boosted its position 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 acquiring an additional 99 shares during the period. Two Sigma Investments LP boosted its position in Powell Industries by 3.7% during 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. Rhumbline Advisers boosted its position in Powell Industries by 0.5% during the 1st quarter. Rhumbline Advisers now owns 25,463 shares of the industrial products company's stock worth $4,337,000 after acquiring an additional 118 shares during the period. Finally, Squarepoint Ops LLC boosted its position in Powell Industries by 0.7% during the 4th quarter. Squarepoint Ops LLC now owns 18,793 shares of the industrial products company's stock worth $4,165,000 after acquiring an additional 130 shares during the period. Institutional investors own 89.77% of the company's stock.

Insider Activity

In related news, CEO Brett Alan Cope sold 6,775 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 147,471 shares in the company, valued at approximately $31,050,019.05. The trade was a 4.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael William Metcalf sold 3,921 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $210.55, for a total value of $825,566.55. Following the completion of the sale, the executive vice president owned 28,900 shares of the company's stock, valued at approximately $6,084,895. This trade represents a 11.95% 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. 2.20% of the stock is owned by corporate insiders.

Powell Industries Trading Down 0.3%

NASDAQ POWL traded down $0.86 during trading on Friday, reaching $254.64. 227,782 shares of the company's stock were exchanged, compared to its average volume of 338,829. Powell Industries, Inc. has a fifty-two week low of $146.02 and a fifty-two week high of $364.98. The firm has a market capitalization of $3.07 billion, a PE ratio of 17.68, a P/E/G ratio of 1.26 and a beta of 0.81. The company's fifty day simple moving average is $217.83 and its 200-day simple moving average is $195.39.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.96 EPS for the quarter, topping analysts' consensus estimates of $3.73 by $0.23. The firm had revenue of $286.27 million during the quarter, compared to analyst estimates of $301.69 million. Powell Industries had a return on equity of 33.16% and a net margin of 16.22%. The business's quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the company posted $3.79 EPS. Equities analysts forecast 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 will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th will be issued a dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, August 20th. Powell Industries's payout ratio is currently 7.43%.

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.