Quarry LP Buys New Position in Powell Industries, Inc. (NASDAQ:POWL)

Quarry LP purchased a new stake in Powell Industries, Inc. (NASDAQ:POWL) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 333 shares of the industrial products company’s stock, valued at approximately $48,000.

Several other institutional investors have also added to or reduced their stakes in POWL. Virtu Financial LLC purchased a new position in shares of Powell Industries in the 4th quarter valued at approximately $214,000. Range Financial Group LLC lifted its stake in shares of Powell Industries by 18.0% during the first quarter. Range Financial Group LLC now owns 14,102 shares of the industrial products company’s stock worth $2,007,000 after buying an additional 2,155 shares during the period. Ausbil Investment Management Ltd purchased a new stake in shares of Powell Industries during the first quarter valued at $631,000. Guidance Capital Inc. acquired a new position in shares of Powell Industries in the 1st quarter valued at $674,000. Finally, Diversified Trust Co purchased a new position in Powell Industries in the 1st quarter worth $212,000. Institutional investors and hedge funds own 89.77% of the company’s stock.

Powell Industries Trading Up 4.6 %

Shares of NASDAQ:POWL opened at $242.99 on Friday. Powell Industries, Inc. has a twelve month low of $72.51 and a twelve month high of $248.07. The company has a market cap of $2.91 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 1.30 and a beta of 0.88. The company’s 50 day moving average is $175.79 and its 200 day moving average is $160.56.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.79 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $1.63. The firm had revenue of $288.17 million for the quarter, compared to analyst estimates of $222.18 million. Powell Industries had a net margin of 13.77% and a return on equity of 33.09%. The business’s quarterly revenue was up 49.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.52 earnings per share. Equities research analysts predict that Powell Industries, Inc. will post 12.01 earnings per share for the current fiscal year.

Powell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 14th were issued a $0.265 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.06 annualized dividend and a dividend yield of 0.44%. Powell Industries’s dividend payout ratio (DPR) is presently 12.59%.

Insider Transactions at Powell Industries

In related news, CEO Brett Alan Cope sold 2,750 shares of Powell Industries stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $142.31, for a total transaction of $391,352.50. Following the completion of the transaction, the chief executive officer now directly owns 148,737 shares in the company, valued at approximately $21,166,762.47. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Brett Alan Cope sold 2,750 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $142.31, for a total transaction of $391,352.50. Following the sale, the chief executive officer now owns 148,737 shares in the company, valued at approximately $21,166,762.47. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Thomas W. Powell sold 25,000 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $213.56, for a total transaction of $5,339,000.00. Following the completion of the transaction, the insider now owns 682,265 shares of the company’s stock, valued at approximately $145,704,513.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,100 shares of company stock worth $7,563,552 over the last quarter. 2.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com downgraded Powell Industries from a “buy” rating to a “hold” rating in a research note on Friday.

Powell Industries 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.