Powell Industries, Inc. $POWL Stock Position Raised by Optimum Investment Advisors

Optimum Investment Advisors increased its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL) by 114.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 300 shares of the industrial products company’s stock after acquiring an additional 160 shares during the quarter. Optimum Investment Advisors’ holdings in Powell Industries were worth $63,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of POWL. Leavell Investment Management Inc. grew its holdings in shares of Powell Industries by 22.6% during the second quarter. Leavell Investment Management Inc. now owns 2,147 shares of the industrial products company’s stock valued at $452,000 after purchasing an additional 396 shares during the last quarter. Carnegie Investment Counsel increased its position in Powell Industries by 59.6% in the second quarter. Carnegie Investment Counsel now owns 26,548 shares of the industrial products company’s stock worth $5,587,000 after buying an additional 9,915 shares during the period. Roman Butler Fullerton & Co. boosted its holdings in shares of Powell Industries by 1.7% during the second quarter. Roman Butler Fullerton & Co. now owns 3,663 shares of the industrial products company’s stock valued at $771,000 after acquiring an additional 62 shares during the period. Stephens Investment Management Group LLC grew its position in shares of Powell Industries by 13.8% during the second quarter. Stephens Investment Management Group LLC now owns 84,214 shares of the industrial products company’s stock worth $17,723,000 after acquiring an additional 10,211 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC bought a new position in shares of Powell Industries during the second quarter worth about $52,000. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Powell Industries in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $312.00.

Insider Buying and Selling

In related news, EVP Michael William Metcalf sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $298.74, for a total transaction of $955,968.00. Following the sale, the executive vice president owned 25,700 shares of the company’s stock, valued at $7,677,618. The trade was a 11.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Birchall sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $260.03, for a total value 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 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 Stock Performance

NASDAQ:POWL opened at $364.99 on Friday. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 1.75 and a beta of 0.82. Powell Industries, Inc. has a 1 year low of $146.02 and a 1 year high of $367.48. The business has a fifty day moving average of $295.27 and a 200-day moving average of $232.73.

Powell Industries (NASDAQ:POWL) last posted 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 business had revenue of $286.27 million during the quarter, compared to the consensus estimate of $301.69 million. Powell Industries had a net margin of 16.22% and a return on equity of 33.16%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.79 earnings per share. On average, equities research analysts predict that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were issued a $0.2675 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $1.07 annualized dividend and a dividend yield of 0.3%. Powell Industries’s dividend payout ratio (DPR) is 7.43%.

About Powell Industries

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.