Wealth Enhancement Advisory Services LLC Buys New Stake in Powell Industries, Inc. (NASDAQ:POWL)

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Powell Industries, Inc. (NASDAQ:POWL) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,172 shares of the industrial products company’s stock, valued at approximately $260,000.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Powell Industries by 38.2% in the second quarter. GAMMA Investing LLC now owns 286 shares of the industrial products company’s stock valued at $41,000 after buying an additional 79 shares in the last quarter. UMB Bank n.a. increased its stake 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 buying an additional 191 shares in the last quarter. Picton Mahoney Asset Management purchased a new position in shares of Powell Industries in the second quarter valued at approximately $47,000. Quarry LP purchased a new position in shares of Powell Industries in the second quarter valued at approximately $48,000. Finally, Plato Investment Management Ltd purchased a new position in Powell Industries in the 1st quarter valued at $50,000. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Powell Industries from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

Powell Industries Price Performance

POWL opened at $352.37 on Tuesday. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 32.96, a price-to-earnings-growth ratio of 1.99 and a beta of 0.86. The company’s 50 day simple moving average is $235.25 and its two-hundred day simple moving average is $187.13. Powell Industries, Inc. has a 1-year low of $75.05 and a 1-year high of $364.98.

Powell Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 20th will be paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Wednesday, November 20th. Powell Industries’s dividend payout ratio (DPR) is presently 9.92%.

Insider Activity

In other Powell Industries news, Director James W. Mcgill sold 6,600 shares of Powell Industries stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $185.84, for a total transaction of $1,226,544.00. Following the transaction, the director now directly owns 9,660 shares of the company’s stock, valued at $1,795,214.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Powell Industries news, major shareholder Thomas W. Powell sold 2,451 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $262.10, for a total value of $642,407.10. Following the transaction, the insider now owns 1,628,328 shares of the company’s stock, valued at $426,784,768.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James W. Mcgill sold 6,600 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $185.84, for a total transaction of $1,226,544.00. Following the completion of the sale, the director now directly owns 9,660 shares in the company, valued at $1,795,214.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,600 shares of company stock valued at $14,167,686. 2.20% of the stock is currently owned by insiders.

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.