Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Powell Industries, Inc. (NASDAQ:POWL - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 12,636 shares of the industrial products company's stock, valued at approximately $2,152,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.10% of Powell Industries as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the business. Versant Capital Management Inc bought a new position in shares of Powell Industries during the 1st quarter worth about $25,000. GeoWealth Management LLC raised its position in Powell Industries by 123.8% in the fourth quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company's stock worth $40,000 after purchasing an additional 99 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Powell Industries during the fourth quarter worth about $65,000. Transce3nd LLC acquired a new stake in Powell Industries during the fourth quarter valued at approximately $78,000. Finally, Rossby Financial LCC bought a new stake in shares of Powell Industries in the 1st quarter valued at approximately $112,000. Institutional investors and hedge funds own 89.77% of the company's stock.
Insider Transactions at Powell Industries
In related news, CEO Brett Alan Cope sold 6,775 shares of the firm'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 value of $1,426,476.25. Following the completion of the sale, the chief executive officer owned 147,471 shares of the company's stock, valued at $31,050,019.05. This trade represents a 4.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Michael William Metcalf sold 3,921 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president owned 28,900 shares of the company's stock, valued at $6,084,895. This trade represents a 11.95% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,308 shares of company stock worth $3,574,755. Insiders own 2.20% of the company's stock.
Powell Industries Price Performance
Shares of POWL traded down $9.44 during mid-day trading on Friday, reaching $227.66. The company had a trading volume of 397,717 shares, compared to its average volume of 382,535. The company has a market capitalization of $2.75 billion, a P/E ratio of 16.00, a P/E/G ratio of 1.16 and a beta of 0.77. Powell Industries, Inc. has a twelve month low of $143.00 and a twelve month high of $364.98. The company's 50-day moving average is $202.56 and its 200-day moving average is $197.26.
Powell Industries (NASDAQ:POWL - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $3.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.47. The firm had revenue of $278.63 million during the quarter, compared to analyst estimates of $282.68 million. Powell Industries had a return on equity of 35.43% and a net margin of 16.00%. The business's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.75 earnings per share. As a group, equities analysts expect that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.
Powell Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were issued a dividend of $0.2675 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $1.07 dividend on an annualized basis and a yield of 0.5%. Powell Industries's dividend payout ratio is currently 7.52%.
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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