Stratos Wealth Partners LTD. Sells 1,390 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Stratos Wealth Partners LTD. cut its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,743 shares of the industrial products company's stock after selling 1,390 shares during the quarter. Stratos Wealth Partners LTD. owned approximately 0.27% of Powell Industries worth $5,577,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its holdings in Powell Industries by 29.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 69,178 shares of the industrial products company's stock worth $11,783,000 after acquiring an additional 15,770 shares during the last quarter. Huntleigh Advisors Inc. increased its holdings in Powell Industries by 16.6% in the 1st quarter. Huntleigh Advisors Inc. now owns 2,148 shares of the industrial products company's stock worth $366,000 after acquiring an additional 306 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Powell Industries by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 55,568 shares of the industrial products company's stock worth $9,465,000 after acquiring an additional 1,509 shares during the last quarter. Private Trust Co. NA increased its holdings in Powell Industries by 15.9% in the 1st quarter. Private Trust Co. NA now owns 3,872 shares of the industrial products company's stock worth $660,000 after acquiring an additional 532 shares during the last quarter. Finally, WCM Investment Management LLC increased its holdings in Powell Industries by 0.4% in the 1st quarter. WCM Investment Management LLC now owns 63,049 shares of the industrial products company's stock worth $11,142,000 after acquiring an additional 242 shares during the last quarter. 89.77% of the stock is owned by hedge funds and other institutional investors.

Powell Industries Stock Down 0.1%

POWL traded down $0.25 during trading hours on Friday, hitting $212.62. The stock had a trading volume of 103,927 shares, compared to its average volume of 418,712. The company's fifty day simple moving average is $189.30 and its 200 day simple moving average is $197.26. Powell Industries, Inc. has a 1 year low of $127.01 and a 1 year high of $364.98. The stock has a market cap of $2.57 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.07 and a beta of 0.77.

Powell Industries (NASDAQ:POWL - Get Free Report) last issued its earnings results on Tuesday, May 6th. The industrial products company reported $3.81 EPS for the quarter, topping 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 quarter last year, the company earned $2.75 EPS. The firm's revenue was up 9.2% compared to the same quarter last year. As a group, equities analysts expect that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were paid a $0.2675 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $1.07 annualized dividend and a yield of 0.50%. Powell Industries's dividend payout ratio is currently 7.52%.

Insider Activity

In other news, EVP Michael William Metcalf sold 3,921 shares of Powell Industries stock in a transaction dated Friday, June 27th. The stock was 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brett Alan Cope sold 6,775 shares of Powell Industries 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 sale, the chief executive officer owned 147,471 shares of the company's stock, valued at approximately $31,050,019.05. This trade represents a 4.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,308 shares of company stock valued at $3,574,755. 2.20% of the stock is owned by corporate insiders.

Powell Industries 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.