Private Advisor Group LLC Boosts Stake in Powell Industries, Inc. (NASDAQ:POWL)

Private Advisor Group LLC grew its stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 48.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,319 shares of the industrial products company's stock after acquiring an additional 1,081 shares during the quarter. Private Advisor Group LLC's holdings in Powell Industries were worth $565,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Demars Financial Group LLC purchased a new stake in Powell Industries in the first quarter worth about $58,692,000. Invesco Ltd. lifted its stake in shares of Powell Industries by 134.0% in the 4th quarter. Invesco Ltd. now owns 265,139 shares of the industrial products company's stock valued at $58,768,000 after purchasing an additional 151,850 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Powell Industries by 22,009.7% during the 1st quarter. GAMMA Investing LLC now owns 102,368 shares of the industrial products company's stock worth $17,436,000 after acquiring an additional 101,905 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Powell Industries during the 4th quarter worth $22,556,000. Finally, BNP Paribas Financial Markets increased its holdings in Powell Industries by 795.9% during the 4th quarter. BNP Paribas Financial Markets now owns 81,819 shares of the industrial products company's stock worth $18,135,000 after purchasing an additional 72,686 shares during the period. 89.77% of the stock is owned by institutional investors.

Powell Industries Trading Down 4.0%

Shares of NASDAQ:POWL traded down $9.44 on Friday, reaching $227.66. The company had a trading volume of 397,502 shares, compared to its average volume of 382,534. Powell Industries, Inc. has a 52-week low of $143.00 and a 52-week high of $364.98. The firm's 50 day simple moving average is $202.56 and its 200-day simple moving average is $197.26. The firm has a market capitalization of $2.75 billion, a PE ratio of 16.00, a PEG ratio of 1.16 and a beta of 0.77.

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

Powell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st were paid a $0.2675 dividend. This represents a $1.07 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, May 21st. Powell Industries's dividend payout ratio is currently 7.52%.

Insider Buying and Selling at Powell Industries

In other Powell Industries news, CEO Brett Alan Cope sold 6,775 shares of the business'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 $1,426,476.25. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael William Metcalf sold 3,921 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $210.55, for a total transaction of $825,566.55. Following the completion of the sale, the executive vice president owned 28,900 shares in the company, valued at approximately $6,084,895. This trade represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,308 shares of company stock valued at $3,574,755. 2.20% of the stock is owned by corporate insiders.

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.