Jackson Creek Investment Advisors LLC Takes Position in Powell Industries, Inc. (NASDAQ:POWL)

Jackson Creek Investment Advisors LLC purchased a new stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,181 shares of the industrial products company's stock, valued at approximately $988,000. Jackson Creek Investment Advisors LLC owned 0.09% of Powell Industries at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in POWL. FMR LLC lifted its position in Powell Industries by 1,377.9% in the 3rd quarter. FMR LLC now owns 138,597 shares of the industrial products company's stock valued at $11,490,000 after acquiring an additional 129,219 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Powell Industries in the third quarter valued at approximately $4,928,000. Charles Schwab Investment Management Inc. boosted its position in shares of Powell Industries by 169.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 73,865 shares of the industrial products company's stock valued at $6,123,000 after buying an additional 46,413 shares during the last quarter. American Century Companies Inc. grew its holdings in Powell Industries by 79.8% during the third quarter. American Century Companies Inc. now owns 101,858 shares of the industrial products company's stock worth $8,444,000 after buying an additional 45,209 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in Powell Industries by 621.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 47,187 shares of the industrial products company's stock valued at $3,912,000 after buying an additional 40,642 shares during the last quarter. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Thomas W. Powell sold 6,000 shares of the firm's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $151.36, for a total transaction 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 approximately $108,168,364.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Powell Industries news, major shareholder Thomas W. Powell sold 6,000 shares of the business's stock in a transaction dated 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 directly owns 714,643 shares in the company, valued at $108,168,364.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher E. Cragg sold 9,000 shares of the firm's 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 sale, the director now owns 12,360 shares of the company's stock, valued at approximately $1,917,406.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,000 shares of company stock valued at $4,850,830. Insiders own 2.20% of the company's stock.

Powell Industries Stock Down 4.5 %

POWL stock traded down $6.66 during trading on Tuesday, reaching $143.00. The stock had a trading volume of 369,393 shares, compared to its average volume of 323,316. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 1.41 and a beta of 0.80. Powell Industries, Inc. has a one year low of $39.65 and a one year high of $197.87. The company's 50 day moving average is $147.95 and its two-hundred day moving average is $111.35.

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

Wall Street Analysts Forecast Growth

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

Powell Industries Company Profile

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.