Sigma Planning Corp bought a new position in Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,531 shares of the industrial products company's stock, valued at approximately $601,000.
Other hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in Powell Industries by 10.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 979 shares of the industrial products company's stock worth $217,000 after acquiring an additional 90 shares during the period. Farther Finance Advisors LLC boosted its position in Powell Industries by 90.5% during the 4th quarter. Farther Finance Advisors LLC now owns 381 shares of the industrial products company's stock worth $85,000 after acquiring an additional 181 shares during the period. Swiss National Bank lifted its holdings in shares of Powell Industries by 0.5% in the fourth quarter. Swiss National Bank now owns 18,800 shares of the industrial products company's stock valued at $4,167,000 after buying an additional 100 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Powell Industries by 27.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 24,735 shares of the industrial products company's stock valued at $5,483,000 after buying an additional 5,403 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Powell Industries in the fourth quarter valued at $1,031,000. Institutional investors and hedge funds own 89.77% of the company's stock.
Powell Industries Price Performance
Shares of Powell Industries stock traded down $8.26 during trading on Friday, hitting $228.25. The stock had a trading volume of 576,104 shares, compared to its average volume of 415,837. The firm has a market cap of $2.75 billion, a P/E ratio of 16.04, a PEG ratio of 1.15 and a beta of 0.77. The business has a fifty day moving average of $193.18 and a two-hundred day moving average of $197.06. Powell Industries, Inc. has a fifty-two week low of $127.41 and a fifty-two week high of $364.98.
Powell Industries (NASDAQ:POWL - Get Free Report) last announced its earnings results on Tuesday, May 6th. The industrial products company reported $3.81 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 the consensus estimate of $282.68 million. During the same period in the prior year, the business posted $2.75 earnings per share. Powell Industries's revenue was up 9.2% compared to the same quarter last year. As a group, research analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current year.
Powell Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were given a $0.2675 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.47%. Powell Industries's dividend payout ratio is currently 7.52%.
Insider Transactions at Powell Industries
In other news, EVP Michael William Metcalf sold 3,921 shares of the firm'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 completion of the sale, the executive vice president directly owned 28,900 shares in the company, valued at $6,084,895. This trade represents a 11.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Brett Alan Cope sold 6,775 shares of the company'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 $1,426,476.25. Following the transaction, the chief executive officer 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 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. Insiders own 2.20% of the company's stock.
About Powell Industries
(
Free Report)
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.
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