Public Sector Pension Investment Board Has $5.09 Million Holdings in Powell Industries, Inc. $POWL

Key Points

• The Public Sector Pension Investment Board increased its holdings in Powell Industries, Inc. by 28.4%, now owning about 0.25% of the company worth $5,087,000.
• Powell Industries recently reported $3.96 earnings per share, exceeding analysts' expectations, but reported a 0.7% decrease in quarterly revenue compared to the previous year.
• The company announced a quarterly dividend of $0.2675 per share, with an ex-dividend date of August 20th, representing an annual yield of 0.4%.

Public Sector Pension Investment Board boosted its position in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 28.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,865 shares of the industrial products company's stock after purchasing an additional 6,604 shares during the quarter. Public Sector Pension Investment Board owned 0.25% of Powell Industries worth $5,087,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can lifted its stake in Powell Industries by 46.2% in the fourth quarter. Bank of Montreal Can now owns 1,988 shares of the industrial products company's stock valued at $441,000 after buying an additional 628 shares in the last quarter. Raymond James Financial Inc. bought a new position in Powell Industries in the fourth quarter valued at approximately $22,556,000. Mariner LLC lifted its stake in Powell Industries by 2.9% in the fourth quarter. Mariner LLC now owns 10,939 shares of the industrial products company's stock valued at $2,425,000 after buying an additional 311 shares in the last quarter. NewEdge Advisors LLC bought a new position in Powell Industries in the fourth quarter valued at approximately $1,296,000. Finally, Canada Pension Plan Investment Board lifted its stake in Powell Industries by 180.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 4,200 shares of the industrial products company's stock valued at $931,000 after buying an additional 2,700 shares in the last quarter. Institutional investors and hedge funds own 89.77% of the company's stock.

Insider Buying and Selling at Powell Industries

In other Powell Industries news, CEO Brett Alan Cope sold 6,775 shares of the company's stock in a transaction 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 sale, the chief executive officer directly owned 147,471 shares of the company's stock, valued at approximately $31,050,019.05. This represents a 4.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michael William Metcalf sold 3,921 shares of the company's stock in a transaction on 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 transaction, the executive vice president owned 28,900 shares in the company, valued at approximately $6,084,895. This represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,308 shares of company stock worth $3,574,755 over the last ninety days. Insiders own 2.20% of the company's stock.

Powell Industries Price Performance

POWL traded up $1.31 during trading on Thursday, reaching $247.83. The company had a trading volume of 113,346 shares, compared to its average volume of 376,973. Powell Industries, Inc. has a 12 month low of $146.02 and a 12 month high of $364.98. The business's fifty day moving average price is $221.66 and its 200 day moving average price is $196.00. The company has a market cap of $2.99 billion, a P/E ratio of 17.19, a PEG ratio of 1.26 and a beta of 0.81.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.96 earnings per share 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 firm had revenue of $286.27 million for the quarter, compared to analyst estimates of $301.69 million. During the same quarter in the previous year, the firm posted $3.79 earnings per share. The business's revenue was down .7% on a year-over-year basis. As a group, sell-side analysts predict that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be given a dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 20th. 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.