James Investment Research Inc. Makes New $428,000 Investment in Powell Industries, Inc. (NASDAQ:POWL)

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

Other hedge funds have also modified their holdings of the company. Sei Investments Co. increased 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 purchasing an additional 85 shares during the last quarter. Freedom Investment Management Inc. increased its holdings 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 last quarter. PNC Financial Services Group Inc. increased its holdings 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 last quarter. GeoWealth Management LLC increased its holdings 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 last quarter. Finally, Prestige Wealth Management Group LLC increased its holdings 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 last quarter. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

Powell Industries Trading Down 3.5%

POWL stock traded down $8.26 during midday trading on Friday, hitting $228.25. 576,104 shares of the company's stock were exchanged, compared to its average volume of 416,923. Powell Industries, Inc. has a 12-month low of $127.01 and a 12-month high of $364.98. The firm has a 50 day moving average price of $192.11 and a 200-day moving average price of $197.18. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 1.10 and a beta of 0.77.

Powell Industries (NASDAQ:POWL - Get Free Report) last issued its earnings results on Tuesday, May 6th. The industrial products company reported $3.81 EPS for the quarter, topping the consensus estimate of $3.34 by $0.47. The company 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 revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.75 EPS. On average, sell-side analysts forecast that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $1.07 dividend on an annualized basis and a yield of 0.47%. Powell Industries's payout ratio is currently 7.52%.

Insiders Place Their Bets

In related news, CEO Brett Alan Cope sold 6,775 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 147,471 shares in the company, valued at $31,050,019.05. This represents a 4.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael William Metcalf sold 3,921 shares of the company's stock in a transaction 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 transaction, the executive vice president owned 28,900 shares of the company's stock, valued at approximately $6,084,895. The trade was a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,308 shares of company stock valued at $3,574,755. 2.20% of the stock is owned by company 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.