Advisors Asset Management Inc. Grows Stock Holdings in Powell Industries, Inc. $POWL

Advisors Asset Management Inc. grew its holdings in Powell Industries, Inc. (NASDAQ:POWL) by 32.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,179 shares of the industrial products company’s stock after purchasing an additional 290 shares during the quarter. Advisors Asset Management Inc.’s holdings in Powell Industries were worth $201,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in shares of Powell Industries during the 1st quarter worth approximately $25,000. Brooklyn Investment Group grew its position in Powell Industries by 168.8% in the first quarter. Brooklyn Investment Group now owns 172 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 108 shares during the period. Harbour Investments Inc. grew its position in Powell Industries by 1,970.0% in the first quarter. Harbour Investments Inc. now owns 207 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 197 shares during the period. AlphaQuest LLC grew its position in Powell Industries by 472.0% in the first quarter. AlphaQuest LLC now owns 429 shares of the industrial products company’s stock worth $73,000 after acquiring an additional 354 shares during the period. Finally, GAMMA Investing LLC grew its position in Powell Industries by 29.8% in the first quarter. GAMMA Investing LLC now owns 601 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 138 shares during the period. Institutional investors and hedge funds own 89.77% of the company’s stock.

Insider Activity at Powell Industries

In related news, EVP Michael William Metcalf sold 3,921 shares of Powell Industries stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $210.55, for a total value of $825,566.55. Following the completion of the sale, the executive vice president owned 28,900 shares in the company, valued at approximately $6,084,895. This trade represents a 11.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Birchall sold 3,000 shares of Powell Industries stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $260.03, for a total transaction of $780,090.00. Following the completion of the sale, the director owned 6,700 shares of the company’s stock, valued at $1,742,201. This trade represents a 30.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,308 shares of company stock worth $4,354,845. Insiders own 2.20% of the company’s stock.

Powell Industries Stock Performance

Shares of Powell Industries stock opened at $292.40 on Friday. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.37 and a beta of 0.85. Powell Industries, Inc. has a fifty-two week low of $146.02 and a fifty-two week high of $364.98. The stock has a 50 day moving average of $245.33 and a 200 day moving average of $202.18.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.96 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.23. The company had revenue of $286.27 million during the quarter, compared to analyst estimates of $301.69 million. Powell Industries had a return on equity of 33.16% and a net margin of 16.22%.The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.79 earnings per share. Analysts forecast that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be issued a $0.2675 dividend. This represents a $1.07 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, August 20th. Powell Industries’s dividend payout ratio (DPR) is 7.43%.

Powell Industries 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.