Stratos Wealth Partners LTD. Buys 9,393 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Stratos Wealth Partners LTD. grew its stake in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 119.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,253 shares of the industrial products company's stock after buying an additional 9,393 shares during the period. Stratos Wealth Partners LTD. owned 0.14% of Powell Industries worth $1,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in Powell Industries by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 805,643 shares of the industrial products company's stock worth $34,312,000 after purchasing an additional 19,485 shares during the last quarter. Vanguard Group Inc. increased its position in Powell Industries by 5.1% in the first quarter. Vanguard Group Inc. now owns 625,805 shares of the industrial products company's stock worth $12,153,000 after purchasing an additional 30,476 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Powell Industries by 9.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 380,177 shares of the industrial products company's stock worth $31,517,000 after purchasing an additional 31,989 shares during the last quarter. State Street Corp increased its position in Powell Industries by 6.7% in the first quarter. State Street Corp now owns 340,886 shares of the industrial products company's stock worth $14,518,000 after purchasing an additional 21,324 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Powell Industries by 41.4% in the fourth quarter. JPMorgan Chase & Co. now owns 273,290 shares of the industrial products company's stock worth $9,614,000 after purchasing an additional 79,981 shares during the last quarter. Institutional investors own 89.77% of the company's stock.

Insider Activity

In related news, major shareholder Thomas W. Powell sold 6,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $151.36, for a total value of $908,160.00. Following the transaction, the insider now owns 714,643 shares in the company, valued at approximately $108,168,364.48. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Christopher E. Cragg sold 9,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $155.13, for a total transaction of $1,396,170.00. Following the transaction, the director now owns 12,360 shares in the company, valued at approximately $1,917,406.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Thomas W. Powell sold 6,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $151.36, for a total value of $908,160.00. Following the transaction, the insider now owns 714,643 shares in the company, valued at approximately $108,168,364.48. The disclosure for this sale can be found here. Insiders have sold a total of 30,000 shares of company stock worth $4,850,830 over the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Powell Industries Stock Down 0.8 %

NASDAQ:POWL traded down $1.05 during mid-day trading on Wednesday, reaching $131.05. The company's stock had a trading volume of 226,452 shares, compared to its average volume of 331,325. Powell Industries, Inc. has a 1 year low of $38.91 and a 1 year high of $197.87. The stock has a fifty day moving average of $149.27 and a 200-day moving average of $106.43. The firm has a market capitalization of $1.57 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 1.30 and a beta of 0.79.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its earnings results on Tuesday, January 30th. The industrial products company reported $1.98 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.98. The business had revenue of $194.00 million during the quarter, compared to the consensus estimate of $182.04 million. Powell Industries had a net margin of 10.10% and a return on equity of 22.30%. The firm's revenue was up 53.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share. On average, analysts expect that Powell Industries, Inc. will post 7.54 earnings per share for the current 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 issued a dividend of $0.262 per share. The ex-dividend date was Tuesday, February 13th. This represents a $1.05 annualized dividend and a dividend yield of 0.80%. Powell Industries's dividend payout ratio (DPR) is currently 16.64%.

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.