Universal Beteiligungs und Servicegesellschaft mbH Trims Stake in Powell Industries, Inc. $POWL

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in Powell Industries, Inc. (NASDAQ:POWL) by 15.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,744 shares of the industrial products company’s stock after selling 1,892 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Powell Industries were worth $3,275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Elevation Point Wealth Partners LLC purchased a new position in shares of Powell Industries during the 2nd quarter valued at approximately $33,000. State of Wyoming purchased a new position in Powell Industries in the second quarter valued at $33,000. Manchester Capital Management LLC raised its position in shares of Powell Industries by 42.9% in the second quarter. Manchester Capital Management LLC now owns 200 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 60 shares during the period. Virtus Advisers LLC purchased a new stake in shares of Powell Industries during the 2nd quarter worth about $46,000. Finally, Morgan Dempsey Capital Management LLC acquired a new stake in shares of Powell Industries during the 2nd quarter valued at about $52,000. Institutional investors and hedge funds own 89.77% of the company’s stock.

Powell Industries Price Performance

Shares of NASDAQ:POWL opened at $443.44 on Thursday. The business’s 50 day moving average price is $355.37 and its 200-day moving average price is $314.40. The firm has a market capitalization of $5.38 billion, a PE ratio of 29.86, a P/E/G ratio of 2.05 and a beta of 0.86. Powell Industries, Inc. has a 1 year low of $146.02 and a 1 year high of $455.85.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings data on Tuesday, November 18th. The industrial products company reported $4.22 EPS for the quarter, beating the consensus estimate of $3.76 by $0.46. The firm had revenue of $297.98 million during the quarter, compared to the consensus estimate of $292.85 million. Powell Industries had a return on equity of 31.80% and a net margin of 16.37%.The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $3.77 EPS. As a group, analysts expect that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th were paid a $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, November 19th. Powell Industries’s dividend payout ratio (DPR) is currently 7.21%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on POWL. Roth Mkm reaffirmed a “buy” rating and issued a $350.00 price target on shares of Powell Industries in a report on Wednesday, November 19th. Cantor Fitzgerald began coverage on Powell Industries in a research report on Friday, January 23rd. They set a “neutral” rating and a $427.00 target price on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Powell Industries in a research note on Monday, December 29th. Finally, Wall Street Zen cut shares of Powell Industries from a “buy” rating to a “hold” rating in a research report on Monday, January 19th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $388.50.

Insiders Place Their Bets

In related news, VP William Marshall Mauney, Jr. sold 3,000 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $331.73, for a total transaction of $995,190.00. Following the completion of the sale, the vice president owned 4,451 shares of the company’s stock, valued at approximately $1,476,530.23. This represents a 40.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

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.