Versor Investments LP Acquires Shares of 1,200 Powell Industries, Inc. $POWL

Key Points

• Versor Investments LP has acquired a new stake in Powell Industries, Inc., purchasing 1,200 shares valued at approximately $204,000 in the first quarter.
• Powell Industries reported earnings per share (EPS) of $3.96 for the last quarter, exceeding analysts' expectations by $0.23, though revenue fell slightly short at $286.27 million.
• The company announced a quarterly dividend of $0.2675, with an annualized yield of 0.4%, payable to shareholders on September 17th.

Versor Investments LP bought a new stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,200 shares of the industrial products company's stock, valued at approximately $204,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in POWL. Vanguard Group Inc. lifted its stake in shares of Powell Industries by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 697,887 shares of the industrial products company's stock valued at $118,871,000 after purchasing an additional 9,829 shares in the last quarter. Demars Financial Group LLC purchased a new position in Powell Industries in the first quarter valued at approximately $58,692,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Powell Industries by 5.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 297,868 shares of the industrial products company's stock valued at $66,023,000 after buying an additional 16,002 shares in the last quarter. Invesco Ltd. grew its stake in Powell Industries by 4.1% during the first quarter. Invesco Ltd. now owns 275,979 shares of the industrial products company's stock worth $47,008,000 after buying an additional 10,840 shares during the period. Finally, GW&K Investment Management LLC acquired a new stake in shares of Powell Industries in the first quarter worth $27,984,000. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Powell Industries Stock Up 1.7%

Shares of POWL stock traded up $4.67 during mid-day trading on Thursday, reaching $279.04. The company's stock had a trading volume of 74,665 shares, compared to its average volume of 372,936. The firm has a market capitalization of $3.37 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.36 and a beta of 0.81. The company's 50 day simple moving average is $229.33 and its 200-day simple moving average is $196.91. Powell Industries, Inc. has a 12-month low of $146.02 and a 12-month high of $364.98.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.96 earnings per share for the quarter, topping analysts' consensus estimates of $3.73 by $0.23. Powell Industries had a net margin of 16.22% and a return on equity of 33.16%. The firm had revenue of $286.27 million during the quarter, compared to analysts' expectations of $301.69 million. During the same period in the prior year, the company earned $3.79 EPS. The firm's revenue was down .7% on a year-over-year basis. As a group, research analysts anticipate that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be issued a dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, August 20th. Powell Industries's dividend payout ratio (DPR) is presently 7.43%.

Insider Buying and Selling

In other news, EVP Michael William Metcalf sold 3,921 shares of the business'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 transaction, the executive vice president directly owned 28,900 shares of the company's stock, valued at approximately $6,084,895. The trade was a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Birchall sold 3,000 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $260.03, for a total transaction of $780,090.00. Following the sale, the director directly owned 6,700 shares of the company's stock, valued at approximately $1,742,201. The trade was a 30.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,308 shares of company stock valued at $4,354,845. Corporate insiders own 2.20% of the company's stock.

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.