Powell Industries, Inc. $POWL Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd increased its holdings in Powell Industries, Inc. (NASDAQ:POWL) by 204.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,344 shares of the industrial products company’s stock after purchasing an additional 61,989 shares during the quarter. Powell Industries accounts for 0.8% of WINTON GROUP Ltd’s holdings, making the stock its 16th biggest position. WINTON GROUP Ltd owned about 0.25% of Powell Industries worth $26,444,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. California State Teachers Retirement System grew its position in Powell Industries by 85,706.4% in the second quarter. California State Teachers Retirement System now owns 9,671,236 shares of the industrial products company’s stock worth $2,769,455,000 after buying an additional 9,659,965 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Powell Industries during the 2nd quarter valued at $1,033,376,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Powell Industries by 1,230,312.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 775,160 shares of the industrial products company’s stock worth $247,106,000 after acquiring an additional 775,097 shares in the last quarter. State Street Corp boosted its stake in shares of Powell Industries by 0.9% during the 2nd quarter. State Street Corp now owns 352,103 shares of the industrial products company’s stock worth $74,100,000 after acquiring an additional 3,159 shares in the last quarter. Finally, Voss Capital LP grew its holdings in shares of Powell Industries by 18.6% in the 4th quarter. Voss Capital LP now owns 350,000 shares of the industrial products company’s stock worth $111,573,000 after acquiring an additional 55,000 shares during the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on POWL. Glj Research raised Powell Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Cantor Fitzgerald dropped their price target on Powell Industries from $320.00 to $235.00 and set a “neutral” rating on the stock in a research note on Friday, August 14th. Finally, Weiss Ratings downgraded Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Powell Industries currently has an average rating of “Moderate Buy” and a consensus target price of $215.42.

Insider Activity

In other news, CEO Brett Cope sold 4,440 shares of the business’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $241.55, for a total transaction of $1,072,482.00. Following the transaction, the chief executive officer directly owned 517,233 shares in the company, valued at $124,937,631.15. The trade was a 0.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael Metcalf sold 4,500 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $284.64, for a total transaction of $1,280,880.00. Following the completion of the transaction, the executive vice president directly owned 78,900 shares in the company, valued at $22,458,096. This trade represents a 5.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 42,898 shares of company stock worth $12,353,653 in the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Powell Industries Trading Down 1.2%

Shares of NASDAQ POWL opened at $180.26 on Thursday. Powell Industries, Inc. has a one year low of $92.14 and a one year high of $328.00. The business has a 50-day moving average price of $210.94 and a two-hundred day moving average price of $230.72. The firm has a market capitalization of $6.57 billion, a PE ratio of 34.60, a PEG ratio of 2.43 and a beta of 1.18.

Powell Industries (NASDAQ:POWL) last issued its earnings results on Monday, August 3rd. The industrial products company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.07). The business had revenue of $311.74 million during the quarter, compared to analyst estimates of $316.70 million. Powell Industries had a net margin of 16.49% and a return on equity of 27.51%. Powell Industries’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.96 EPS. Research analysts anticipate that Powell Industries, Inc. will post 5.36 EPS for the current year.

Powell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.2%. Powell Industries’s dividend payout ratio (DPR) is 6.91%.

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.