Ruffer LLP Takes Position in Powell Industries, Inc. (NASDAQ:POWL)

Ruffer LLP purchased a new stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 16,809 shares of the industrial products company's stock, valued at approximately $2,863,000. Ruffer LLP owned approximately 0.14% of Powell Industries as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Sei Investments Co. lifted its holdings in Powell Industries by 3.1% during the 4th quarter. Sei Investments Co. now owns 2,849 shares of the industrial products company's stock worth $631,000 after purchasing an additional 85 shares during the last quarter. Freedom Investment Management Inc. lifted its holdings in Powell Industries by 3.7% during the 4th quarter. Freedom Investment Management Inc. now owns 2,421 shares of the industrial products company's stock worth $537,000 after purchasing an additional 87 shares during the last quarter. GeoWealth Management LLC lifted its holdings in 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 purchasing an additional 99 shares during the last quarter. Two Sigma Investments LP lifted its holdings in Powell Industries by 3.7% during the 4th quarter. Two Sigma Investments LP now owns 2,904 shares of the industrial products company's stock worth $644,000 after purchasing an additional 104 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in Powell Industries by 6.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,708 shares of the industrial products company's stock valued at $379,000 after acquiring an additional 109 shares in the last quarter. 89.77% of the stock is currently owned by institutional investors.

Insider Transactions at Powell Industries

In other Powell Industries news, EVP Michael William Metcalf sold 3,921 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 $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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the chief executive officer directly owned 147,471 shares in the company, valued at $31,050,019.05. This represents a 4.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,308 shares of company stock worth $3,574,755 in the last quarter. Corporate insiders own 2.20% of the company's stock.

Powell Industries Trading Up 2.6%

NASDAQ POWL traded up $6.07 during midday trading on Tuesday, hitting $236.24. The company had a trading volume of 471,646 shares, compared to its average volume of 266,550. The company has a market capitalization of $2.85 billion, a PE ratio of 16.60, a P/E/G ratio of 1.16 and a beta of 0.81. The firm has a 50-day moving average price of $204.73 and a 200-day moving average price of $196.19. Powell Industries, Inc. has a twelve month low of $146.02 and a twelve month high of $364.98.

Powell Industries (NASDAQ:POWL - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.23. Powell Industries had a return on equity of 35.43% and a net margin of 16.00%. The business's quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the business posted $3.79 EPS. On average, equities analysts anticipate that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Announces Dividend

The business 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 $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.5%. Powell Industries's dividend payout ratio (DPR) is presently 7.52%.

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.