Powell Industries, Inc. (NASDAQ:POWL) Shares Bought by Creative Planning

Creative Planning increased its stake in Powell Industries, Inc. (NASDAQ:POWL) by 20.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,612 shares of the industrial products company’s stock after acquiring an additional 449 shares during the period. Creative Planning’s holdings in Powell Industries were worth $580,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings 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 valued at $41,000 after purchasing an additional 79 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in shares of Powell Industries in the 2nd quarter worth about $47,000. Quarry LP acquired a new position in shares of Powell Industries in the 2nd quarter valued at about $48,000. Plato Investment Management Ltd purchased a new stake in shares of Powell Industries during the 1st quarter worth about $50,000. Finally, UMB Bank n.a. increased its position in Powell Industries by 155.3% during the 3rd quarter. UMB Bank n.a. now owns 314 shares of the industrial products company’s stock worth $70,000 after purchasing an additional 191 shares in the last quarter. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

Powell Industries Stock Performance

Powell Industries stock opened at $268.85 on Tuesday. Powell Industries, Inc. has a one year low of $75.05 and a one year high of $284.45. The stock’s 50 day moving average price is $217.07 and its 200 day moving average price is $179.29. The firm has a market capitalization of $3.22 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 1.46 and a beta of 0.86.

Insiders Place Their Bets

In related news, CEO Brett Alan Cope sold 2,750 shares of Powell Industries stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $162.42, for a total value of $446,655.00. Following the completion of the transaction, the chief executive officer now directly owns 145,987 shares in the company, valued at approximately $23,711,208.54. This trade 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 accessible through this link. In other Powell Industries news, Director James W. Mcgill sold 6,600 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $185.84, for a total value of $1,226,544.00. Following the sale, the director now directly owns 9,660 shares of the company’s stock, valued at $1,795,214.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brett Alan Cope sold 2,750 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $162.42, for a total transaction of $446,655.00. Following the completion of the sale, the chief executive officer now directly owns 145,987 shares in the company, valued at approximately $23,711,208.54. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 64,350 shares of company stock valued at $14,614,341 in the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Powell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd.

About Powell Industries

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.