Harbor Capital Advisors Inc. Has $1.51 Million Stock Holdings in Powell Industries, Inc. $POWL

Harbor Capital Advisors Inc. lowered its position in shares of Powell Industries, Inc. (NASDAQ:POWL) by 83.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,941 shares of the industrial products company’s stock after selling 24,537 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Powell Industries were worth $1,506,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of POWL. Elevation Point Wealth Partners LLC bought a new position in Powell Industries during the second quarter worth about $33,000. State of Wyoming bought a new stake in Powell Industries in the 2nd quarter valued at about $33,000. Manchester Capital Management LLC grew 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 in the last quarter. Virtus Advisers LLC bought a new position in shares of Powell Industries during the second quarter worth approximately $46,000. Finally, Morgan Dempsey Capital Management LLC bought a new position in shares of Powell Industries during the second quarter worth approximately $52,000. Institutional investors own 89.77% of the company’s stock.

Insider Activity

In other Powell Industries news, VP William Marshall Mauney, Jr. sold 3,000 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $331.73, for a total transaction of $995,190.00. Following the transaction, the vice president owned 4,451 shares in the company, valued at approximately $1,476,530.23. This represents a 40.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is currently owned by insiders.

Powell Industries Trading Up 1.4%

Shares of NASDAQ POWL opened at $340.86 on Friday. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 1.57 and a beta of 0.87. The stock has a fifty day simple moving average of $342.48 and a two-hundred day simple moving average of $283.69. Powell Industries, Inc. has a 1-year low of $146.02 and a 1-year high of $413.00.

Powell Industries (NASDAQ:POWL) last released its earnings results on Tuesday, November 18th. The industrial products company reported $4.22 EPS for the quarter, beating analysts’ consensus estimates of $3.76 by $0.46. The business had revenue of $297.98 million for the quarter, compared to analysts’ expectations of $292.85 million. Powell Industries had a return on equity of 31.80% and a net margin of 16.37%.The firm’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.77 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 declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th were issued a dividend of $0.2675 per share. The ex-dividend date was Wednesday, November 19th. This represents a $1.07 annualized dividend and a dividend yield of 0.3%. Powell Industries’s dividend payout ratio (DPR) is presently 7.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on POWL shares. Wall Street Zen raised Powell Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Roth Capital reaffirmed a “buy” rating and issued a $350.00 target price on shares of Powell Industries in a report on Wednesday, November 19th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Powell Industries in a research note on Monday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Powell Industries has an average rating of “Buy” and a consensus target price of $350.00.

Powell Industries 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.