Jacobs Levy Equity Management Inc. Purchases 78,163 Shares of Powell Industries, Inc. $POWL

Key Points

• Jacobs Levy Equity Management Inc. has significantly increased its stake in Powell Industries by 137.7% in Q1, acquiring an additional 78,163 shares, now holding a total of 134,946 shares valued at approximately $22.98 million.
• In a recent earnings report, Powell Industries announced an EPS of $3.96, exceeding analysts' estimates, but the company's revenue of $286.27 million fell short of expectations of $301.69 million.
• The company also declared a quarterly dividend of $0.2675, with a yearly dividend yield of 0.4%, to be paid to shareholders of record on August 20th.

Jacobs Levy Equity Management Inc. boosted its holdings in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 137.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,946 shares of the industrial products company's stock after buying an additional 78,163 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 1.12% of Powell Industries worth $22,985,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of POWL. Vanguard Group Inc. boosted its position in Powell Industries by 1.4% in the first quarter. Vanguard Group Inc. now owns 697,887 shares of the industrial products company's stock valued at $118,871,000 after buying an additional 9,829 shares in the last quarter. Demars Financial Group LLC acquired a new stake in shares of Powell Industries during the 1st quarter valued at $58,692,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Powell Industries by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 297,868 shares of the industrial products company's stock valued at $66,023,000 after acquiring an additional 16,002 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Powell Industries by 4.1% during the first quarter. Invesco Ltd. now owns 275,979 shares of the industrial products company's stock valued at $47,008,000 after purchasing an additional 10,840 shares in the last quarter. Finally, GW&K Investment Management LLC acquired a new stake in shares of Powell Industries during the first quarter valued at about $27,984,000. 89.77% of the stock is owned by institutional investors and hedge funds.

Powell Industries Stock Up 0.0%

Shares of POWL stock traded up $0.01 during mid-day trading on Friday, reaching $292.41. 49,232 shares of the stock traded hands, compared to its average volume of 363,622. The stock's fifty day simple moving average is $245.33 and its two-hundred day simple moving average is $202.18. Powell Industries, Inc. has a 1-year low of $146.02 and a 1-year high of $364.98. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 1.37 and a beta of 0.85.

Powell Industries (NASDAQ:POWL - Get Free Report) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $3.96 EPS for the quarter, topping the consensus estimate of $3.73 by $0.23. Powell Industries had a net margin of 16.22% and a return on equity of 33.16%. The business had revenue of $286.27 million for the quarter, compared to the consensus estimate of $301.69 million. During the same period last year, the company earned $3.79 EPS. The firm's revenue was down .7% compared to the same quarter last year. On average, equities research analysts anticipate that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, August 20th. Powell Industries's payout ratio is 7.43%.

Insiders Place Their Bets

In related news, Director John Birchall sold 3,000 shares of Powell Industries stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $260.03, for a total value of $780,090.00. Following the transaction, the director directly owned 6,700 shares of the company's stock, valued at $1,742,201. The trade was a 30.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brett Alan Cope sold 6,775 shares of the firm'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 transaction of $1,426,476.25. Following the transaction, the chief executive officer owned 147,471 shares of the company's stock, valued at approximately $31,050,019.05. The trade was a 4.39% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,308 shares of company stock valued at $4,354,845. 2.20% of the stock is currently owned by company insiders.

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.