Vanguard Group Inc. Decreases Stock Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Vanguard Group Inc. lessened its holdings in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 593,909 shares of the industrial products company's stock after selling 8,068 shares during the period. Vanguard Group Inc. owned approximately 4.97% of Powell Industries worth $49,235,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of POWL. Teachers Retirement System of The State of Kentucky increased its stake in Powell Industries by 7.0% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 2,421 shares of the industrial products company's stock valued at $146,000 after acquiring an additional 158 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Powell Industries by 55.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 549 shares of the industrial products company's stock worth $33,000 after acquiring an additional 195 shares in the last quarter. Legal & General Group Plc increased its stake in Powell Industries by 1.8% during the 4th quarter. Legal & General Group Plc now owns 19,266 shares of the industrial products company's stock valued at $678,000 after purchasing an additional 340 shares in the last quarter. Covestor Ltd increased its stake in Powell Industries by 121.1% during the 3rd quarter. Covestor Ltd now owns 796 shares of the industrial products company's stock valued at $66,000 after purchasing an additional 436 shares in the last quarter. Finally, UBS Group AG boosted its holdings in shares of Powell Industries by 9.9% during the 4th quarter. UBS Group AG now owns 5,422 shares of the industrial products company's stock valued at $191,000 after acquiring an additional 489 shares during the last quarter. Hedge funds and other institutional investors own 89.77% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Powell Industries from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 1st.

Powell Industries Stock Down 3.9 %

Shares of NASDAQ:POWL traded down $5.38 during trading on Tuesday, hitting $132.10. 225,848 shares of the stock traded hands, compared to its average volume of 332,866. The company has a fifty day moving average price of $149.02 and a two-hundred day moving average price of $106.26. Powell Industries, Inc. has a 52-week low of $38.91 and a 52-week high of $197.87. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 1.31 and a beta of 0.80.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.98. The firm had revenue of $194.00 million for the quarter, compared to analysts' expectations of $182.04 million. Powell Industries had a net margin of 10.10% and a return on equity of 22.30%. The company's revenue was up 53.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS. On average, equities research analysts predict that Powell Industries, Inc. will post 7.54 EPS for the current fiscal year.

Powell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.262 per share. This represents a $1.05 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Tuesday, February 13th. Powell Industries's dividend payout ratio is presently 16.64%.

Insider Activity at Powell Industries

In other news, major shareholder Thomas W. Powell sold 6,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $151.36, for a total value of $908,160.00. Following the completion of the sale, the insider now directly owns 714,643 shares of the company's stock, valued at $108,168,364.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Powell Industries news, major shareholder Thomas W. Powell sold 6,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $151.36, for a total value of $908,160.00. Following the completion of the transaction, the insider now owns 714,643 shares in the company, valued at $108,168,364.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Thomas W. Powell sold 5,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $174.38, for a total value of $871,900.00. Following the completion of the transaction, the insider now owns 1,688,628 shares of the company's stock, valued at approximately $294,462,950.64. The disclosure for this sale can be found here. Insiders sold 30,000 shares of company stock valued at $4,850,830 over the last three months. 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.