Stephens Investment Management Group LLC Raises Stock Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Stephens Investment Management Group LLC lifted its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 2.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc acquired a new position in Powell Industries during the first quarter worth approximately $25,000. GeoWealth Management LLC increased 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 during the period. Tucker Asset Management LLC acquired a new position in Powell Industries during the fourth quarter worth approximately $43,000. Prestige Wealth Management Group LLC increased its position in Powell Industries by 100.0% during the fourth quarter. Prestige Wealth Management Group LLC now owns 200 shares of the industrial products company's stock worth $44,000 after buying an additional 100 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in Powell Industries during the fourth quarter worth approximately $65,000. Institutional investors and hedge funds own 89.77% of the company's stock.

Powell Industries Stock Up 8.7%

POWL traded up $18.91 during trading on Thursday, hitting $236.51. 496,425 shares of the stock were exchanged, compared to its average volume of 416,286. The firm has a market capitalization of $2.85 billion, a P/E ratio of 16.62, a PEG ratio of 1.10 and a beta of 0.77. The stock has a fifty day moving average price of $192.11 and a two-hundred day moving average price of $197.18. Powell Industries, Inc. has a 1-year low of $127.01 and a 1-year high of $364.98.

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

Powell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st were paid a $0.2675 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.45%. Powell Industries's dividend payout ratio (DPR) is presently 7.52%.

Insider Buying and Selling

In related news, CEO Brett Alan Cope sold 6,775 shares of Powell Industries 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 $1,426,476.25. Following the sale, the chief executive officer directly owned 147,471 shares in the company, valued at $31,050,019.05. The trade was a 4.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael William Metcalf sold 3,921 shares of the business's stock in a transaction 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. The trade was a 11.95% 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. Company insiders own 2.20% of the company's stock.

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.