Liberty Capital Management Inc. Acquires 3,790 Shares of Powell Industries, Inc. $POWL

Key Points

• Liberty Capital Management Inc. increased its holdings in Powell Industries by 137.5%, purchasing an additional 3,790 shares, bringing their total ownership to approximately 6,546 shares valued at $1.38 million.
• Powell Industries experienced significant insider selling, with Director John Birchall selling 3,000 shares and EVP Michael William Metcalf selling 3,200 shares in recent transactions.
• Powell Industries declared a quarterly dividend of $0.2675 per share, with a yield of 0.4%, reflecting a stable return for shareholders amidst fluctuating stock performance.

Liberty Capital Management Inc. increased its holdings in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 137.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,546 shares of the industrial products company's stock after purchasing an additional 3,790 shares during the quarter. Liberty Capital Management Inc. owned approximately 0.05% of Powell Industries worth $1,378,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc bought a new stake in shares of Powell Industries in the first quarter worth $25,000. Brooklyn Investment Group grew its position in shares of Powell Industries by 168.8% in the 1st quarter. Brooklyn Investment Group now owns 172 shares of the industrial products company's stock valued at $29,000 after buying an additional 108 shares during the last quarter. Harbour Investments Inc. grew its position in shares of Powell Industries by 1,970.0% in the 1st quarter. Harbour Investments Inc. now owns 207 shares of the industrial products company's stock valued at $35,000 after buying an additional 197 shares during the last quarter. AlphaQuest LLC grew its position in shares of Powell Industries by 472.0% in the 1st 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 bought a new stake in Powell Industries in the first quarter valued at approximately $112,000. Institutional investors own 89.77% of the company's stock.

Insiders Place Their Bets

In related news, Director John Birchall sold 3,000 shares of the company's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $260.03, for a total transaction of $780,090.00. Following the sale, the director owned 6,700 shares in the company, valued at $1,742,201. This represents a 30.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael William Metcalf sold 3,200 shares of the company's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $298.74, for a total value of $955,968.00. Following the sale, the executive vice president owned 25,700 shares in the company, valued at approximately $7,677,618. The trade was a 11.07% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company's stock.

Powell Industries Price Performance

Shares of POWL stock opened at $304.81 on Wednesday. The business's 50 day simple moving average is $265.71 and its 200 day simple moving average is $214.35. Powell Industries, Inc. has a one year low of $146.02 and a one year high of $364.98. The stock has a market capitalization of $3.68 billion, a PE ratio of 21.17, a PEG ratio of 1.50 and a beta of 0.85.

Powell Industries (NASDAQ:POWL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.96 EPS for the quarter, beating analysts' consensus estimates of $3.73 by $0.23. Powell Industries had a net margin of 16.22% and a return on equity of 33.16%. The company had revenue of $286.27 million for the quarter, compared to analyst estimates of $301.69 million. During the same period in the prior year, the firm posted $3.79 EPS. The company's quarterly revenue was down .7% on a year-over-year basis. As a group, research analysts expect that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Dividend Announcement

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

About Powell Industries

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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