Powell Industries, Inc. (NASDAQ:POWL) Shares Acquired by Cwm LLC

Cwm LLC increased its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 284.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,946 shares of the industrial products company’s stock after purchasing an additional 1,440 shares during the quarter. Cwm LLC’s holdings in Powell Industries were worth $432,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of Powell Industries by 38.2% in the 2nd quarter. GAMMA Investing LLC now owns 286 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 79 shares during the period. Picton Mahoney Asset Management purchased a new position in Powell Industries during the second quarter worth about $47,000. Quarry LP acquired a new stake in Powell Industries in the second quarter valued at about $48,000. Plato Investment Management Ltd purchased a new stake in Powell Industries in the 1st quarter valued at approximately $50,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Powell Industries in the 2nd quarter valued at approximately $72,000. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Thomas W. Powell sold 25,000 shares of Powell Industries stock in a transaction on 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 directly owns 682,265 shares of the company’s stock, valued at approximately $145,704,513.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, major shareholder Thomas W. Powell sold 17,549 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $256.33, for a total value of $4,498,335.17. Following the sale, the insider now directly owns 1,630,779 shares in the company, valued at $418,017,581.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Thomas W. Powell sold 25,000 shares of Powell Industries stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $213.56, for a total value of $5,339,000.00. Following the transaction, the insider now owns 682,265 shares of the company’s stock, valued at $145,704,513.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 65,350 shares of company stock worth $14,774,341 in the last quarter. Company insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Powell Industries from a “buy” rating to a “hold” rating in a research note on Friday, October 4th.

Powell Industries Stock Performance

Powell Industries stock opened at $271.33 on Monday. The company has a market cap of $3.25 billion, a P/E ratio of 32.22, a price-to-earnings-growth ratio of 1.53 and a beta of 0.88. Powell Industries, Inc. has a one year low of $72.51 and a one year high of $284.45. The business has a fifty day moving average of $198.90 and a two-hundred day moving average of $169.78.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $1.63. The business had revenue of $288.17 million during the quarter, compared to the consensus estimate of $222.18 million. Powell Industries had a net margin of 13.77% and a return on equity of 33.09%. The business’s revenue was up 49.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.52 EPS. Sell-side analysts predict that Powell Industries, Inc. will post 12.01 EPS for the current year.

Powell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Wednesday, August 14th. Powell Industries’s dividend payout ratio (DPR) is 12.59%.

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.