James Investment Research Inc. Acquires New Stake in Powell Industries, Inc. (NASDAQ:POWL)

James Investment Research Inc. purchased a new stake in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,510 shares of the industrial products company's stock, valued at approximately $428,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc purchased a new stake in shares of Powell Industries during the first quarter valued at $25,000. GeoWealth Management LLC boosted its position in Powell Industries by 123.8% in the fourth 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 last quarter. Tucker Asset Management LLC bought a new stake in shares of Powell Industries during the 4th quarter valued at about $43,000. Prestige Wealth Management Group LLC grew its stake in shares of 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 valued at $44,000 after purchasing an additional 100 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in shares of Powell Industries during the 4th quarter valued at about $65,000. 89.77% of the stock is currently owned by institutional investors.

Powell Industries Stock Down 3.5%

POWL traded down $8.26 during trading on Friday, hitting $228.25. The company's stock had a trading volume of 576,104 shares, compared to its average volume of 415,837. Powell Industries, Inc. has a one year low of $127.41 and a one year high of $364.98. The firm has a market cap of $2.75 billion, a PE ratio of 16.04, a P/E/G ratio of 1.15 and a beta of 0.77. The business's 50 day simple moving average is $193.18 and its 200-day simple moving average is $196.83.

Powell Industries (NASDAQ:POWL - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $3.81 earnings per share for the quarter, beating analysts' consensus estimates of $3.34 by $0.47. Powell Industries had a return on equity of 35.43% and a net margin of 16.00%. The firm had revenue of $278.63 million for the quarter, compared to analysts' expectations of $282.68 million. During the same period in the previous year, the firm earned $2.75 EPS. The business's quarterly revenue was up 9.2% on a year-over-year basis. Equities research analysts expect 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 dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Wednesday, May 21st. Powell Industries's dividend payout ratio (DPR) is presently 7.52%.

Insider Activity at Powell Industries

In other Powell Industries news, CEO Brett Alan Cope sold 6,775 shares of Powell Industries 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 sale, the chief executive officer owned 147,471 shares of the company's stock, valued at $31,050,019.05. The trade was a 4.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael William Metcalf sold 3,921 shares of Powell Industries 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 directly owned 28,900 shares in the company, valued at approximately $6,084,895. The trade was a 11.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,308 shares of company stock worth $3,574,755 in the last three months. 2.20% of the stock is owned by corporate insiders.

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.