Roman Butler Fullerton & Co. Grows Stock Holdings in Powell Industries, Inc. $POWL

Roman Butler Fullerton & Co. grew its position in shares of Powell Industries, Inc. (NASDAQ:POWL) by 201.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 9,641 shares of the industrial products company’s stock after buying an additional 6,448 shares during the quarter. Powell Industries comprises about 1.4% of Roman Butler Fullerton & Co.’s investment portfolio, making the stock its 13th largest position. Roman Butler Fullerton & Co.’s holdings in Powell Industries were worth $5,217,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Greenline Wealth Management LLC purchased a new position in Powell Industries during the 4th quarter valued at about $29,000. Avanza Fonder AB purchased a new stake in Powell Industries in the 4th quarter worth approximately $30,000. State of Wyoming bought a new stake in shares of Powell Industries in the 2nd quarter worth approximately $33,000. Steward Partners Investment Advisory LLC grew its position in shares of Powell Industries by 126.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 113 shares of the industrial products company’s stock worth $36,000 after buying an additional 63 shares during the last quarter. Finally, First Horizon Corp purchased a new position in shares of Powell Industries during the fourth quarter valued at approximately $40,000. 89.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Powell Industries

In other Powell Industries news, major shareholder Thomas W. Powell sold 33,958 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $294.49, for a total transaction of $10,000,291.42. Following the completion of the transaction, the insider owned 564,736 shares of the company’s stock, valued at approximately $166,309,104.64. This trade represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael William Metcalf sold 4,500 shares of Powell Industries stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $284.64, for a total transaction of $1,280,880.00. Following the transaction, the executive vice president owned 78,900 shares of the company’s stock, valued at $22,458,096. The trade was a 5.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 50,648 shares of company stock valued at $14,997,584. 2.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on POWL. Zacks Research downgraded Powell Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Texas Capital raised shares of Powell Industries to a “strong-buy” rating in a research report on Friday, March 27th. Weiss Ratings raised shares of Powell Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. boosted their price target on shares of Powell Industries from $310.00 to $360.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Cantor Fitzgerald raised their price objective on shares of Powell Industries from $160.00 to $320.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $236.67.

Powell Industries Trading Up 2.0%

POWL opened at $236.58 on Friday. The stock has a fifty day simple moving average of $284.21 and a two-hundred day simple moving average of $211.57. The company has a market cap of $8.62 billion, a price-to-earnings ratio of 46.30, a price-to-earnings-growth ratio of 3.03 and a beta of 1.13. Powell Industries, Inc. has a 12-month low of $68.33 and a 12-month high of $328.00.

Powell Industries (NASDAQ:POWL) last announced its earnings results on Monday, May 4th. The industrial products company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.09). Powell Industries had a net margin of 16.51% and a return on equity of 28.61%. The business had revenue of $296.62 million for the quarter, compared to the consensus estimate of $298.12 million. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.81 EPS. On average, analysts predict that Powell Industries, Inc. will post 5.47 EPS for the current year.

Powell Industries Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Wednesday, May 20th. Powell Industries’s dividend payout ratio is 7.05%.

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.