New York State Teachers Retirement System Has $717,000 Stock Holdings in Powell Industries, Inc. (NASDAQ:POWL)

New York State Teachers Retirement System grew its stake in Powell Industries, Inc. (NASDAQ:POWL) by 17.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,108 shares of the industrial products company’s stock after buying an additional 1,205 shares during the period. New York State Teachers Retirement System owned 0.07% of Powell Industries worth $717,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Private Trust Co. NA acquired a new stake in shares of Powell Industries in the fourth quarter valued at about $192,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Powell Industries during the fourth quarter worth approximately $384,000. Raymond James & Associates acquired a new stake in Powell Industries during the fourth quarter worth approximately $1,085,000. SG Americas Securities LLC grew its stake in Powell Industries by 50.6% during the fourth quarter. SG Americas Securities LLC now owns 8,026 shares of the industrial products company’s stock worth $709,000 after purchasing an additional 2,695 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in Powell Industries by 33.2% during the third quarter. Public Employees Retirement System of Ohio now owns 12,196 shares of the industrial products company’s stock worth $1,011,000 after purchasing an additional 3,040 shares during the period. Institutional investors and hedge funds own 89.77% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Powell Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 1st.

Insiders Place Their Bets

In other Powell Industries 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 transaction, the insider now owns 714,643 shares in the company, valued at $108,168,364.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, 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 value of $1,396,170.00. Following the transaction, the director now owns 12,360 shares in the company, valued at $1,917,406.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Thomas W. Powell sold 6,000 shares of the firm’s 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 completion of 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. Over the last quarter, insiders have sold 30,000 shares of company stock worth $4,850,830. Corporate insiders own 2.20% of the company’s stock.

Powell Industries Price Performance

NASDAQ POWL opened at $128.14 on Friday. The business has a 50 day simple moving average of $149.15 and a 200 day simple moving average of $108.12. Powell Industries, Inc. has a one year low of $38.91 and a one year high of $197.87. The stock has a market capitalization of $1.54 billion, a P/E ratio of 20.12, a P/E/G ratio of 1.19 and a beta of 0.79.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.98. The business had revenue of $194.00 million for 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%. The company’s quarterly revenue was up 53.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 earnings per share. Equities analysts expect that Powell Industries, Inc. will post 7.54 earnings per share for the current year.

Powell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 14th were issued a $0.262 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $1.05 annualized dividend and a yield of 0.82%. Powell Industries’s payout ratio is currently 16.64%.

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.