Powell Industries, Inc. (NASDAQ:POWL) Shares Bought by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lifted its stake in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,003 shares of the industrial products company's stock after acquiring an additional 1,987 shares during the period. Stephens Investment Management Group LLC owned 0.61% of Powell Industries worth $12,605,000 as of its most recent SEC filing.

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

Powell Industries Price Performance

Shares of NASDAQ:POWL opened at $212.62 on Monday. The business has a 50-day moving average of $189.30 and a two-hundred day moving average of $197.02. The firm has a market capitalization of $2.57 billion, a PE ratio of 14.94, a P/E/G ratio of 1.07 and a beta of 0.77. Powell Industries, Inc. has a 12 month low of $127.01 and a 12 month high of $364.98.

Powell Industries (NASDAQ:POWL - Get Free Report) last posted its 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 firm had revenue of $278.63 million during the quarter, compared to the consensus estimate of $282.68 million. During the same quarter in the prior year, the company earned $2.75 EPS. The company's revenue was up 9.2% on a year-over-year basis. As a group, research analysts anticipate that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Wednesday, May 21st. Powell Industries's dividend payout ratio is presently 7.52%.

Insider Buying and Selling at Powell Industries

In other news, CEO Brett Alan Cope sold 6,775 shares of the company's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $210.55, for a total value of $1,426,476.25. Following the completion of the sale, the chief executive officer owned 147,471 shares of the company's stock, valued at $31,050,019.05. This represents a 4.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael William Metcalf sold 3,921 shares of the firm's stock in a transaction dated 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 owned 28,900 shares in the company, 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. Insiders have sold a total of 17,308 shares of company stock worth $3,574,755 in the last 90 days. 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.

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