Powell Industries Inc. (POWL)

Powell Industries, Inc. (NASDAQ:POWL) Shares Purchased by Panagora Asset Management Inc.

Panagora Asset Management Inc. raised its position in Powell Industries, Inc. (NASDAQ:POWL – Free Report) by 1.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 36,874 shares of the industrial products company’s stock after purchasing an additional 350 shares during the period. Panagora Asset Management Inc. owned about 0.31% of Powell Industries worth $3,260,000 at the end of the most recent reporting period. A number of other large investors have also recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of Powell Industries by 1,377.9% in the third quarter. FMR LLC now owns 138,597 shares of the industrial products company’s stock valued at $11,490,000 after purchasing an additional 129,219 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Powell Industries during the 3rd quarter worth about $4,928,000. Charles Schwab Investment Management Inc. lifted its holdings in Powell Industries by 169.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 73,865 shares of the industrial products company’s stock valued at $6,123,000 after purchasing an additional 46,413 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Powell Industries by 79.8% during the 3rd quarter. American Century Companies Inc. now owns 101,858 shares of the industrial products company’s stock worth $8,444,000 after purchasing an additional 45,209 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Powell Industries by 621.0% during the third quarter. Qube Research & Technologies Ltd now owns 47,187 shares of the industrial products company’s stock worth $3,912,000 after buying an additional 40,642 shares in the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds. Insider Buying and Selling In other Powell Industries news, Director Christopher E. Cragg sold 9,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $155.13, for a total transaction of $1,396,170.00. Following the completion of the sale, the director now directly owns 12,360 shares in the company, valued at $1,917,406.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Christopher E. Cragg sold 9,000 shares of Powell Industries stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $155.13, for a total transaction of $1,396,170.00. Following the transaction, the director now owns 12,360 shares in the company, valued at approximately $1,917,406.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Thomas W. Powell sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $174.38, for a total value of $871,900.00. Following the sale, the insider now owns 1,688,628 shares in the company, valued at $294,462,950.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,000 shares of company stock valued at $4,771,620. 2.20% of the stock is currently owned by company insiders. Analyst Ratings Changes Separately, StockNews.com lowered shares of Powell Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 1st. View Our Latest Stock Analysis on POWL Powell Industries Stock Down 3.4 % POWL stock opened at $158.12 on Monday. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 1.25 and a beta of 0.79. The stock’s fifty day simple moving average is $146.62 and its 200-day simple moving average is $119.68. Powell Industries, Inc. has a 52-week low of $56.05 and a 52-week high of $197.87. Powell Industries (NASDAQ:POWL – Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.75 EPS for the quarter, beating the consensus estimate of $1.89 by $0.86. Powell Industries had a return on equity of 27.93% and a net margin of 12.05%. The company had revenue of $255.10 million during the quarter, compared to analysts’ expectations of $201.45 million. During the same quarter in the previous year, the business earned $0.70 EPS. The firm’s revenue was up 48.8% on a year-over-year basis. As a group, analysts anticipate that Powell Industries, Inc. will post 9.04 earnings per share for the current fiscal year. Powell Industries Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.67%. This is an increase from Powell Industries’s previous quarterly dividend of $0.26. The ex-dividend date is Tuesday, May 14th. Powell Industries’s dividend payout ratio is presently 12.59%. Powell Industries Profile (Free Report) 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.