First Dallas Securities Inc. Grows Position in Powell Industries, Inc. $POWL

First Dallas Securities Inc. increased its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL) by 83.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,575 shares of the industrial products company’s stock after purchasing an additional 1,625 shares during the quarter. First Dallas Securities Inc.’s holdings in Powell Industries were worth $1,090,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of POWL. Elevation Point Wealth Partners LLC acquired a new stake in shares of Powell Industries during the second quarter valued at about $33,000. State of Wyoming purchased a new position in shares of Powell Industries during the 2nd quarter worth approximately $33,000. Manchester Capital Management LLC boosted its position in shares of Powell Industries by 42.9% during the 2nd quarter. Manchester Capital Management LLC now owns 200 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 60 shares during the period. Virtus Advisers LLC acquired a new stake in Powell Industries in the 2nd quarter valued at approximately $46,000. Finally, Morgan Dempsey Capital Management LLC purchased a new stake in Powell Industries in the second quarter valued at approximately $52,000. Institutional investors and hedge funds own 89.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on POWL shares. Cantor Fitzgerald raised their price target on Powell Industries from $427.00 to $481.00 and gave the stock a “neutral” rating in a research report on Thursday. Roth Mkm reissued a “buy” rating and set a $350.00 target price on shares of Powell Industries in a research note on Wednesday, November 19th. Wall Street Zen cut Powell Industries from a “buy” rating to a “hold” rating in a report on Monday, January 19th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Powell Industries in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $415.50.

Powell Industries Trading Up 8.4%

NASDAQ:POWL opened at $584.22 on Friday. Powell Industries, Inc. has a 12-month low of $146.02 and a 12-month high of $588.84. The firm has a market cap of $7.09 billion, a PE ratio of 37.96, a price-to-earnings-growth ratio of 2.66 and a beta of 0.85. The stock has a fifty day moving average price of $381.14 and a 200 day moving average price of $327.68.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.55. The company had revenue of $251.18 million for the quarter, compared to analyst estimates of $255.34 million. Powell Industries had a return on equity of 30.64% and a net margin of 16.82%.Powell Industries’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.86 EPS. Equities analysts forecast that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 18th will be paid a $0.27 dividend. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.08 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Wednesday, February 18th. Powell Industries’s payout ratio is presently 6.95%.

Insider Buying and Selling

In other Powell Industries news, VP William Marshall Mauney, Jr. sold 3,000 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $331.73, for a total value of $995,190.00. Following the sale, the vice president directly owned 4,451 shares of the company’s stock, valued at approximately $1,476,530.23. This represents a 40.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.20% of the stock is owned by company insiders.

Powell Industries Company Profile

Powell Industries, Inc is an industrial electrical engineering company specializing in the design, manufacture and integration of customized power control and distribution solutions. The firm’s offerings range from medium‐voltage switchgear and power control centers to bus duct, motor control centers and specialty transformers. Powell also provides automation systems, protective relaying, metering, supervisory control and data acquisition (SCADA) platforms, and turnkey engineering services to help clients manage critical power infrastructure.

Serving the oil and gas, petrochemical, refining, utility, mining and industrial sectors, Powell’s products are engineered to meet demanding performance, safety and reliability requirements.