Powell Industries, Inc. $POWL Shares Bought by Liberty Capital Management Inc.

Liberty Capital Management Inc. grew its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL) by 18.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,779 shares of the industrial products company’s stock after acquiring an additional 1,233 shares during the period. Liberty Capital Management Inc.’s holdings in Powell Industries were worth $2,371,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Royal Bank of Canada raised its holdings in Powell Industries by 1.5% in the first quarter. Royal Bank of Canada now owns 30,830 shares of the industrial products company’s stock valued at $5,251,000 after acquiring an additional 461 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Powell Industries by 7.9% in the 1st quarter. NewEdge Advisors LLC now owns 6,310 shares of the industrial products company’s stock worth $1,075,000 after purchasing an additional 461 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Powell Industries by 1,221.0% in the 1st quarter. Jones Financial Companies Lllp now owns 1,387 shares of the industrial products company’s stock worth $236,000 after purchasing an additional 1,282 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Powell Industries by 4.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 28,423 shares of the industrial products company’s stock valued at $4,841,000 after purchasing an additional 1,311 shares in the last quarter. Finally, KLP Kapitalforvaltning AS lifted its position in shares of Powell Industries by 16.7% during the second quarter. KLP Kapitalforvaltning AS now owns 2,100 shares of the industrial products company’s stock worth $442,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wall Street Zen lowered Powell Industries from a “buy” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Powell Industries in a research report on Monday, December 29th. Cantor Fitzgerald boosted their price target on Powell Industries from $427.00 to $481.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Finally, Roth Mkm reissued a “buy” rating and set a $350.00 price target on shares of Powell Industries in a research report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $415.50.

Insider Transactions at Powell Industries

In other Powell Industries news, VP William Marshall Mauney, Jr. sold 3,000 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was 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 in the company, valued at approximately $1,476,530.23. This trade represents a 40.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.20% of the company’s stock.

Powell Industries Stock Up 1.5%

Shares of NASDAQ POWL opened at $570.26 on Wednesday. The firm’s 50-day moving average price is $390.94 and its two-hundred day moving average price is $332.86. Powell Industries, Inc. has a 52-week low of $146.02 and a 52-week high of $593.76. The stock has a market capitalization of $6.92 billion, a P/E ratio of 37.05, a P/E/G ratio of 2.56 and a beta of 0.85.

Powell Industries (NASDAQ:POWL) last posted its earnings results on Tuesday, February 3rd. The industrial products company reported $3.40 EPS for the quarter, beating the consensus estimate of $2.85 by $0.55. The company had revenue of $251.18 million during 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%.The business’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.86 earnings per share. As a group, equities research analysts expect that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 18th will be given a $0.27 dividend. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.08 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, February 18th. Powell Industries’s dividend payout ratio is 6.95%.

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.