1,517 Shares in Powell Industries, Inc. $POWL Purchased by Triumph Capital Management

Triumph Capital Management purchased a new position in Powell Industries, Inc. (NASDAQ:POWL) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,517 shares of the industrial products company’s stock, valued at approximately $462,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC raised its holdings in shares of Powell Industries by 2.8% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 1,048 shares of the industrial products company’s stock worth $319,000 after purchasing an additional 29 shares in the last quarter. State of Wyoming boosted its holdings in Powell Industries by 18.5% during the third quarter. State of Wyoming now owns 186 shares of the industrial products company’s stock worth $57,000 after buying an additional 29 shares in the last quarter. Arizona State Retirement System grew its position in Powell Industries by 1.1% in the third quarter. Arizona State Retirement System now owns 2,847 shares of the industrial products company’s stock worth $868,000 after buying an additional 30 shares during the last quarter. Advisors Asset Management Inc. grew its position in Powell Industries by 3.6% in the second quarter. Advisors Asset Management Inc. now owns 1,221 shares of the industrial products company’s stock worth $257,000 after buying an additional 42 shares during the last quarter. Finally, Quest Investment Management LLC increased its holdings in shares of Powell Industries by 0.9% in the third quarter. Quest Investment Management LLC now owns 5,002 shares of the industrial products company’s stock valued at $1,525,000 after buying an additional 45 shares in the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Powell Industries

In other Powell Industries news, insider Ping Ni sold 70 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $590.00, for a total transaction of $41,300.00. Following the completion of the sale, the insider directly owned 2,023 shares in the company, valued at approximately $1,193,570. This trade represents a 3.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP William Marshall Mauney, Jr. sold 3,000 shares of Powell Industries stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $331.73, for a total value of $995,190.00. Following the transaction, the vice president directly owned 4,451 shares in the company, valued at approximately $1,476,530.23. This trade represents a 40.26% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 31,638 shares of company stock worth $17,907,456. 2.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on POWL. Wall Street Zen downgraded Powell Industries from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Roth Mkm reaffirmed a “buy” rating and set a $350.00 target price on shares of Powell Industries in a research report on Wednesday, November 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Powell Industries in a report on Monday, December 29th. Cantor Fitzgerald increased their price target on Powell Industries from $427.00 to $481.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Finally, Glj Research assumed coverage on Powell Industries in a research note on Thursday, March 5th. They issued a “hold” rating and a $450.00 price target on the stock. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $427.00.

Powell Industries Stock Performance

Powell Industries stock opened at $502.23 on Thursday. The company has a 50 day moving average price of $492.98 and a 200 day moving average price of $384.00. Powell Industries, Inc. has a 52 week low of $152.89 and a 52 week high of $612.50. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 32.63, a P/E/G ratio of 2.33 and a beta of 0.82.

Shares of Powell Industries are scheduled to split on Monday, April 6th. The 3-1 split was recently announced. The newly minted shares will be issued to shareholders after the market closes on Sunday, April 5th.

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

Powell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, February 18th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.08 annualized dividend and a yield of 0.2%. Powell Industries’s payout ratio is presently 7.02%.

About Powell Industries

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.