Leavell Investment Management Inc. Invests $298,000 in Powell Industries, Inc. (NASDAQ:POWL)

Leavell Investment Management Inc. bought a new stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,751 shares of the industrial products company's stock, valued at approximately $298,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc purchased a new position in Powell Industries in the 1st quarter worth approximately $25,000. GeoWealth Management LLC lifted its position in Powell Industries by 123.8% during the fourth quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company's stock worth $40,000 after buying an additional 99 shares in the last quarter. Tucker Asset Management LLC acquired a new position in Powell Industries during the fourth quarter worth $43,000. Prestige Wealth Management Group LLC grew its holdings in Powell Industries by 100.0% in the 4th quarter. Prestige Wealth Management Group LLC now owns 200 shares of the industrial products company's stock valued at $44,000 after buying an additional 100 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Powell Industries during the 4th quarter worth $65,000. 89.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Michael William Metcalf sold 3,921 shares of the business's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $210.55, for a total value of $825,566.55. Following the sale, the executive vice president directly owned 28,900 shares of the company's stock, valued at approximately $6,084,895. The trade was a 11.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brett Alan Cope sold 6,775 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 transaction of $1,426,476.25. Following the transaction, the chief executive officer directly 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,308 shares of company stock valued at $3,574,755. 2.20% of the stock is currently owned by insiders.

Powell Industries Trading Down 0.1%

Shares of POWL stock opened at $212.62 on Friday. Powell Industries, Inc. has a twelve month low of $127.01 and a twelve month high of $364.98. The company's 50-day moving average price is $189.30 and its 200-day moving average price is $197.26. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 1.07 and a beta of 0.77.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $3.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.34 by $0.47. Powell Industries had a net margin of 16.00% and a return on equity of 35.43%. The business had revenue of $278.63 million during the quarter, compared to the consensus estimate of $282.68 million. During the same quarter last year, the firm earned $2.75 EPS. The business's revenue was up 9.2% compared to the same quarter last year. As a group, equities research analysts predict that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st were paid a $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Wednesday, May 21st. Powell Industries's dividend payout ratio (DPR) is presently 7.52%.

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.

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