Los Angeles Capital Management LLC Has $1.29 Million Position in Powell Industries, Inc. (NASDAQ:POWL)

Los Angeles Capital Management LLC lessened its position in Powell Industries, Inc. (NASDAQ:POWL) by 16.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,031 shares of the industrial products company’s stock after selling 1,746 shares during the period. Los Angeles Capital Management LLC owned 0.08% of Powell Industries worth $1,285,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of POWL. FMR LLC increased its holdings in Powell Industries by 1,377.9% in the 3rd quarter. FMR LLC now owns 138,597 shares of the industrial products company’s stock worth $11,490,000 after purchasing an additional 129,219 shares in the last quarter. Charles Schwab Investment Management Inc. increased 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 worth $6,123,000 after purchasing an additional 46,413 shares in the last quarter. American Century Companies Inc. increased its holdings in Powell Industries by 79.8% in 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 in the last quarter. Qube Research & Technologies Ltd increased its stake in shares of Powell Industries by 621.0% in the third quarter. Qube Research & Technologies Ltd now owns 47,187 shares of the industrial products company’s stock valued at $3,912,000 after buying an additional 40,642 shares during the period. Finally, Jetstream Capital LLC acquired a new stake in shares of Powell Industries in the third quarter valued at about $2,902,000. Institutional investors and hedge funds own 89.77% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Powell Industries from a “hold” rating to a “buy” rating in a research note on Thursday, June 6th.

Powell Industries Trading Down 1.9 %

Shares of POWL stock opened at $153.95 on Monday. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.24 and a beta of 0.92. The stock has a 50-day moving average of $163.16 and a 200-day moving average of $135.95. Powell Industries, Inc. has a 1-year low of $57.78 and a 1-year high of $209.14.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.75 earnings per share 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 prior year, the firm posted $0.70 earnings per share. The business’s quarterly revenue was up 48.8% on a year-over-year basis. Sell-side analysts forecast that Powell Industries, Inc. will post 9.04 earnings per share for the current year.

Powell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, May 15th were given a dividend of $0.265 per share. This is a positive change from Powell Industries’s previous quarterly dividend of $0.26. The ex-dividend date was Tuesday, May 14th. This represents a $1.06 annualized dividend and a dividend yield of 0.69%. Powell Industries’s dividend payout ratio is presently 12.59%.

Insider Activity at Powell Industries

In related news, Director Katheryn Baucom Curtis sold 5,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $165.79, for a total transaction of $828,950.00. Following the sale, the director now owns 5,260 shares in the company, valued at approximately $872,055.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Katheryn Baucom Curtis sold 5,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $165.79, for a total transaction of $828,950.00. Following the sale, the director now owns 5,260 shares in the company, valued at approximately $872,055.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Thomas W. Powell sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $205.87, for a total value of $4,117,400.00. Following the completion of the transaction, the insider now owns 1,668,628 shares in the company, valued at approximately $343,520,446.36. The disclosure for this sale can be found here. Insiders have sold a total of 31,900 shares of company stock worth $6,080,681 in the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Powell Industries Company Profile

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.