Liberty Capital Management Inc. Buys 3,790 Shares of Powell Industries, Inc. $POWL

Liberty Capital Management Inc. lifted its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 137.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,546 shares of the industrial products company’s stock after purchasing an additional 3,790 shares during the quarter. Liberty Capital Management Inc.’s holdings in Powell Industries were worth $1,378,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc bought a new position in shares of Powell Industries in the 1st quarter worth $25,000. Brooklyn Investment Group lifted its holdings in shares of Powell Industries by 168.8% in the 1st quarter. Brooklyn Investment Group now owns 172 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 108 shares in the last quarter. Harbour Investments Inc. lifted its holdings in shares of Powell Industries by 1,970.0% in the 1st quarter. Harbour Investments Inc. now owns 207 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 197 shares in the last quarter. AlphaQuest LLC lifted its stake in shares of Powell Industries by 472.0% in the first quarter. AlphaQuest LLC now owns 429 shares of the industrial products company’s stock valued at $73,000 after buying an additional 354 shares in the last quarter. Finally, Rossby Financial LCC bought a new position in shares of Powell Industries in the first quarter valued at $112,000. Institutional investors own 89.77% of the company’s stock.

Powell Industries Trading Up 0.6%

Powell Industries stock opened at $304.81 on Wednesday. Powell Industries, Inc. has a 1-year low of $146.02 and a 1-year high of $364.98. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 1.50 and a beta of 0.85. The firm’s fifty day moving average price is $265.71 and its two-hundred day moving average price is $214.35.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.96 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.23. Powell Industries had a net margin of 16.22% and a return on equity of 33.16%. The business had revenue of $286.27 million for the quarter, compared to analysts’ expectations of $301.69 million. During the same quarter last year, the firm earned $3.79 EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. On average, research 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 was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were issued a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, August 20th. Powell Industries’s dividend payout ratio (DPR) is currently 7.43%.

Insider Buying and Selling

In other Powell Industries news, Director John Birchall sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $260.03, for a total transaction of $780,090.00. Following the transaction, the director directly owned 6,700 shares in the company, valued at approximately $1,742,201. This trade represents a 30.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael William Metcalf sold 3,200 shares of the firm’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $298.74, for a total value of $955,968.00. Following the transaction, the executive vice president owned 25,700 shares in the company, valued at approximately $7,677,618. This trade represents a 11.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

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.