1,200 Shares in Powell Industries, Inc. $POWL Acquired by Versor Investments LP

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 shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 1,200 shares of the industrial products company's stock, valued at approximately $204,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. increased its holdings in Powell Industries by 19.7% during the 1st quarter. Raymond James Financial Inc. now owns 121,808 shares of the industrial products company's stock valued at $20,747,000 after acquiring an additional 20,043 shares in the last quarter. Sei Investments Co. increased its holdings in Powell Industries by 2.7% during the 1st quarter. Sei Investments Co. now owns 2,926 shares of the industrial products company's stock valued at $498,000 after acquiring an additional 77 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in Powell Industries by 259.8% during the 1st quarter. Lord Abbett & CO. LLC now owns 57,383 shares of the industrial products company's stock valued at $9,774,000 after acquiring an additional 41,433 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Powell Industries by 78.9% during the 1st quarter. Russell Investments Group Ltd. now owns 9,741 shares of the industrial products company's stock valued at $1,659,000 after acquiring an additional 4,295 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its holdings in Powell Industries by 28.4% during the 1st quarter. Public Sector Pension Investment Board now owns 29,865 shares of the industrial products company's stock valued at $5,087,000 after acquiring an additional 6,604 shares in the last quarter. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

Powell Industries Stock Performance

NASDAQ:POWL traded up $1.25 during mid-day trading on Wednesday, hitting $274.48. 172,926 shares of the company's stock traded hands, compared to its average volume of 374,350. The firm's 50 day simple moving average is $227.43 and its 200 day simple moving average is $196.37. Powell Industries, Inc. has a 1 year low of $146.02 and a 1 year high of $364.98. The company has a market cap of $3.31 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 1.28 and a beta of 0.81.

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

Powell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be paid 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 of this dividend is Wednesday, August 20th. Powell Industries's dividend payout ratio (DPR) is currently 7.43%.

Insider Activity

In other Powell Industries news, EVP Michael William Metcalf sold 3,921 shares of the firm'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 $825,566.55. Following the sale, the executive vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brett Alan Cope sold 6,775 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 transaction of $1,426,476.25. Following the sale, the chief executive officer directly owned 147,471 shares in the company, valued at $31,050,019.05. This represents a 4.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,308 shares of company stock worth $3,574,755 over the last ninety days. 2.20% of the stock is owned by corporate insiders.

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.