Navellier & Associates Inc. Has $4.09 Million Stock Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Key Points

• Navellier & Associates Inc. reduced its holdings in Powell Industries by 25.7%, selling 8,278 shares, and now owns 0.20% of the company valued at approximately $4.08 million.
• CEO Brett Alan Cope and EVP Michael William Metcalf both sold shares at an average price of $210.55, leading to significant decreases in their ownership, while insiders overall sold 17,308 shares worth around $3.57 million in the last 90 days.
• Powell Industries recently announced a quarterly dividend of $0.2675 per share, with a 0.43% yield and a low payout ratio of 7.52%.

Navellier & Associates Inc. decreased its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 25.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,983 shares of the industrial products company's stock after selling 8,278 shares during the quarter. Navellier & Associates Inc. owned approximately 0.20% of Powell Industries worth $4,085,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Demars Financial Group LLC acquired a new stake in Powell Industries in the first quarter valued at $58,692,000. GW&K Investment Management LLC bought a new position in Powell Industries during the first quarter worth about $27,984,000. Invesco Ltd. increased its position in Powell Industries by 134.0% during the fourth quarter. Invesco Ltd. now owns 265,139 shares of the industrial products company's stock worth $58,768,000 after acquiring an additional 151,850 shares during the period. GAMMA Investing LLC increased its holdings in Powell Industries by 22,009.7% in the 1st quarter. GAMMA Investing LLC now owns 102,368 shares of the industrial products company's stock valued at $17,436,000 after buying an additional 101,905 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Powell Industries in the 4th quarter valued at about $22,556,000. Institutional investors and hedge funds own 89.77% of the company's stock.

Powell Industries Trading Up 3.4%

POWL stock traded up $8.21 during mid-day trading on Friday, hitting $248.37. The stock had a trading volume of 310,881 shares, compared to its average volume of 275,197. Powell Industries, Inc. has a 52 week low of $132.41 and a 52 week high of $364.98. The firm has a market capitalization of $3.00 billion, a P/E ratio of 17.45, a P/E/G ratio of 1.21 and a beta of 0.77. The firm has a fifty day simple moving average of $197.92 and a 200 day simple moving average of $197.10.

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

Powell Industries Dividend Announcement

The business 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. The ex-dividend date was Wednesday, May 21st. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.43%. Powell Industries's payout ratio is currently 7.52%.

Insider Buying and Selling

In other news, EVP Michael William Metcalf sold 3,921 shares of the firm'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 in the company, valued at approximately $6,084,895. This trade represents a 11.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brett Alan Cope sold 6,775 shares of the firm'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 transaction of $1,426,476.25. Following the completion of the sale, the chief executive officer owned 147,471 shares in the company, valued at approximately $31,050,019.05. The trade was a 4.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,308 shares of company stock worth $3,574,755. 2.20% of the stock is currently 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.