15,120 Shares in Powell Industries, Inc. $POWL Acquired by Kingstone Capital Partners Texas LLC

Key Points

• Kingstone Capital Partners Texas LLC acquired 15,120 shares of Powell Industries, valued at approximately $3,182,000, increasing its stake to 0.13% of the company.
• Powell Industries reported a quarterly EPS of $3.96, exceeding analysts' expectations, while revenue was down 0.7% year-over-year.
• The company recently announced a quarterly dividend of $0.2675 per share, marking a dividend yield of 0.4%.

Kingstone Capital Partners Texas LLC bought a new stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,120 shares of the industrial products company's stock, valued at approximately $3,182,000. Kingstone Capital Partners Texas LLC owned about 0.13% of Powell Industries as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc acquired a new stake in shares of Powell Industries in the first quarter worth $25,000. Brooklyn Investment Group grew its position in Powell Industries by 168.8% in the 1st quarter. Brooklyn Investment Group now owns 172 shares of the industrial products company's stock worth $29,000 after purchasing an additional 108 shares during the last quarter. Harbour Investments Inc. increased its holdings in shares of Powell Industries by 1,970.0% during the 1st quarter. Harbour Investments Inc. now owns 207 shares of the industrial products company's stock worth $35,000 after purchasing an additional 197 shares during the period. AlphaQuest LLC raised its position in shares of Powell Industries by 472.0% during the first quarter. AlphaQuest LLC now owns 429 shares of the industrial products company's stock valued at $73,000 after buying an additional 354 shares during the last quarter. Finally, Rossby Financial LCC acquired a new stake in Powell Industries during the first quarter worth about $112,000. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Powell Industries Stock Up 1.9%

Shares of POWL stock traded up $5.59 during mid-day trading on Monday, reaching $302.90. The stock had a trading volume of 154,622 shares, compared to its average volume of 200,648. The firm has a market cap of $3.66 billion, a PE ratio of 21.03, a P/E/G ratio of 1.48 and a beta of 0.85. Powell Industries, Inc. has a one year low of $146.02 and a one year high of $364.98. The firm's 50 day simple moving average is $257.05 and its 200 day simple moving average is $209.28.

Powell Industries (NASDAQ:POWL - Get Free Report) last issued 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. The firm had revenue of $286.27 million during the quarter, compared to analysts' expectations of $301.69 million. Powell Industries had a return on equity of 33.16% and a net margin of 16.22%.Powell Industries's quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the business earned $3.79 earnings per share. Sell-side analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were given a $0.2675 dividend. This represents a $1.07 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 20th. Powell Industries's dividend payout ratio is 7.43%.

Insiders Place Their Bets

In related news, 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 completion of the transaction, the chief executive officer owned 147,471 shares in the company, valued at $31,050,019.05. This trade represents a 4.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael William Metcalf sold 3,921 shares of the 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 sale, the executive vice president owned 28,900 shares in the company, 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. Insiders sold a total of 19,328 shares of company stock worth $4,158,845 over the last quarter. Company insiders own 2.20% of the company's stock.

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.