Powell Industries, Inc. (NASDAQ:POWL) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,777 shares of the industrial products company’s stock after selling 120 shares during the quarter. Los Angeles Capital Management LLC owned 0.09% of Powell Industries worth $953,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd increased its position in shares of Powell Industries by 121.1% during the third quarter. Covestor Ltd now owns 796 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 436 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Powell Industries during the 3rd quarter worth about $137,000. Private Trust Co. NA acquired a new stake in Powell Industries in the 4th quarter valued at about $192,000. Cornerstone Investment Partners LLC purchased a new position in shares of Powell Industries in the 4th quarter valued at about $206,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Powell Industries during the third quarter worth approximately $208,000. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Insider Transactions at Powell Industries

In related news, major shareholder Thomas W. Powell sold 5,000 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $174.38, for a total value of $871,900.00. Following the transaction, the insider now directly owns 1,688,628 shares of the company’s stock, valued at approximately $294,462,950.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder Thomas W. Powell sold 5,000 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 1,688,628 shares of the company’s stock, valued at approximately $294,462,950.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Thomas W. Powell sold 6,000 shares of Powell Industries 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 directly owns 714,643 shares in the company, valued at approximately $108,168,364.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,000 shares of company stock worth $5,679,780. 2.20% of the stock is currently owned by insiders.

Powell Industries Trading Up 4.6 %

Shares of POWL stock opened at $165.36 on Friday. The company has a market cap of $1.98 billion, a P/E ratio of 19.64, a PEG ratio of 1.26 and a beta of 0.79. The firm has a fifty day moving average price of $147.05 and a 200 day moving average price of $115.40. Powell Industries, Inc. has a 12 month low of $50.99 and a 12 month high of $197.87.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.86. Powell Industries had a return on equity of 27.93% and a net margin of 12.05%. The business had revenue of $255.10 million during the quarter, compared to analysts’ expectations of $201.45 million. During the same period in the prior year, the firm posted $0.70 EPS. The business’s quarterly revenue was up 48.8% compared to the same quarter last year. On average, equities analysts forecast that Powell Industries, Inc. will post 9.04 EPS for the current year.

Powell Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.265 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.06 dividend on an annualized basis and a yield of 0.64%. This is a boost from Powell Industries’s previous quarterly dividend of $0.26. Powell Industries’s dividend payout ratio (DPR) is presently 12.59%.

Analyst Ratings Changes

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

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.