Segall Bryant & Hamill LLC Invests $1.92 Million in Powell Industries, Inc. (NASDAQ:POWL)

Segall Bryant & Hamill LLC bought a new stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,260 shares of the industrial products company's stock, valued at approximately $1,918,000. Segall Bryant & Hamill LLC owned approximately 0.09% of Powell Industries at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in POWL. Versant Capital Management Inc bought a new position in shares of Powell Industries in the 1st quarter valued at about $25,000. GeoWealth Management LLC lifted its stake 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 acquired a new stake in shares of Powell Industries during the 4th quarter worth about $43,000. Prestige Wealth Management Group LLC lifted its stake in shares of Powell Industries by 100.0% during the 4th 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 last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Powell Industries during the 4th quarter worth about $65,000. Institutional investors own 89.77% of the company's stock.

Powell Industries Stock Up 6.3%

Shares of NASDAQ POWL traded up $13.94 during mid-day trading on Wednesday, reaching $234.95. 263,924 shares of the company were exchanged, compared to its average volume of 414,224. The company's 50-day simple moving average is $194.37 and its 200-day simple moving average is $196.83. The stock has a market capitalization of $2.84 billion, a P/E ratio of 16.51, a P/E/G ratio of 1.11 and a beta of 0.77. Powell Industries, Inc. has a twelve month low of $127.41 and a twelve month high of $364.98.

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 for the quarter, topping the consensus estimate of $3.34 by $0.47. Powell Industries had a net margin of 16.00% and a return on equity of 35.43%. 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 company earned $2.75 EPS. The business's revenue was up 9.2% on a year-over-year basis. As a group, equities research analysts expect that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st were given a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Wednesday, May 21st. Powell Industries's dividend payout ratio is 7.52%.

Insider Buying and Selling

In other Powell Industries news, CEO Brett Alan Cope sold 6,775 shares of the business's stock in a transaction that occurred 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 $31,050,019.05. The trade was a 4.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 sale, the executive vice president directly 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. Over the last quarter, insiders have sold 17,308 shares of company stock valued at $3,574,755. 2.20% of the stock is owned by corporate insiders.

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.