WCM Investment Management LLC Buys 3,536 Shares of Powell Industries, Inc. $POWL

Key Points

• WCM Investment Management LLC increased its stake in Powell Industries by 5.6%, acquiring an additional 3,536 shares, bringing its total ownership to 66,585 shares valued at approximately $14,177,000.
• Powell Industries has recently reported earnings per share (EPS) of $3.96 for the quarter, exceeding analysts' estimates of $3.73, despite a 0.7% decline in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.2675 per share, representing an annual yield of 0.3%, with a low dividend payout ratio of 7.43%.

WCM Investment Management LLC increased its stake in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 5.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,585 shares of the industrial products company's stock after acquiring an additional 3,536 shares during the quarter. WCM Investment Management LLC owned approximately 0.55% of Powell Industries worth $14,177,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Sei Investments Co. raised its holdings in Powell Industries by 2.7% during the first quarter. Sei Investments Co. now owns 2,926 shares of the industrial products company's stock worth $498,000 after buying an additional 77 shares during the last quarter. Brooklyn Investment Group raised its holdings in shares of Powell Industries by 168.8% in the first quarter. Brooklyn Investment Group now owns 172 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 108 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Powell Industries by 0.5% in the first quarter. Rhumbline Advisers now owns 25,463 shares of the industrial products company's stock valued at $4,337,000 after purchasing an additional 118 shares during the last quarter. US Bancorp DE raised its holdings in shares of Powell Industries by 4.8% in the first quarter. US Bancorp DE now owns 2,775 shares of the industrial products company's stock valued at $473,000 after purchasing an additional 126 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in shares of Powell Industries by 11.4% in the first quarter. Vontobel Holding Ltd. now owns 1,337 shares of the industrial products company's stock valued at $228,000 after purchasing an additional 137 shares during the last quarter. Institutional investors and hedge funds own 89.77% of the company's stock.

Powell Industries Stock Performance

NASDAQ POWL opened at $338.32 on Friday. Powell Industries, Inc. has a 52-week low of $146.02 and a 52-week high of $364.98. The company has a 50-day simple moving average of $284.88 and a 200 day simple moving average of $225.06. The company has a market capitalization of $4.08 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82.

Powell Industries (NASDAQ:POWL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.96 earnings per share (EPS) 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 business had revenue of $286.27 million during the quarter, compared to the consensus estimate of $301.69 million. During the same quarter last year, the company posted $3.79 earnings per share. The firm's quarterly revenue was down .7% compared to the same quarter last year. As a group, analysts forecast that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were issued a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Wednesday, August 20th. Powell Industries's dividend payout ratio (DPR) is 7.43%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Powell Industries from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $312.00.

Insider Transactions at Powell Industries

In related news, EVP Michael William Metcalf sold 3,200 shares of the firm's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $298.74, for a total transaction of $955,968.00. Following the completion of the sale, the executive vice president owned 25,700 shares in the company, valued at approximately $7,677,618. This trade represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Birchall sold 3,000 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $260.03, for a total transaction of $780,090.00. Following the sale, the director owned 6,700 shares of the company's stock, valued at $1,742,201. This trade represents a 30.93% decrease in their position. The disclosure for this sale can be found here. Company 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.

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