Mutual Advisors LLC Invests $234,000 in Powell Industries, Inc. (NASDAQ:POWL)

Mutual Advisors LLC acquired a new position in shares of Powell Industries, Inc. (NASDAQ:POWL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,055 shares of the industrial products company’s stock, valued at approximately $234,000.

Several other institutional investors also recently bought and sold shares of POWL. Wellington Management Group LLP purchased a new stake in Powell Industries in the 3rd quarter worth approximately $30,038,000. Victory Capital Management Inc. raised its holdings in Powell Industries by 1,119.3% in the third quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company’s stock valued at $21,886,000 after acquiring an additional 90,504 shares in the last quarter. Stephens Investment Management Group LLC bought a new position in shares of Powell Industries during the third quarter worth about $13,606,000. Sanctuary Advisors LLC acquired a new stake in shares of Powell Industries during the 3rd quarter valued at approximately $12,176,000. Finally, Rockefeller Capital Management L.P. bought a new position in Powell Industries during the third quarter worth $10,760,000. 89.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on POWL shares. StockNews.com downgraded Powell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Roth Mkm started coverage on Powell Industries in a research note on Wednesday, December 11th. They issued a “buy” rating and a $312.00 target price on the stock. Finally, Roth Capital raised shares of Powell Industries to a “strong-buy” rating in a report on Tuesday, December 10th.

Insider Buying and Selling

In other Powell Industries news, major shareholder Thomas W. Powell sold 5,000 shares of Powell Industries stock in a transaction on Friday, November 8th. The shares were sold at an average price of $347.74, for a total transaction of $1,738,700.00. Following the completion of the sale, the insider now owns 677,265 shares of the company’s stock, valued at $235,512,131.10. This trade represents a 0.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.20% of the stock is currently owned by company insiders.

Powell Industries Stock Performance

Shares of POWL stock opened at $238.27 on Wednesday. The business’s fifty day moving average is $254.60 and its 200-day moving average is $225.48. The stock has a market cap of $2.87 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 1.62 and a beta of 0.88. Powell Industries, Inc. has a 1 year low of $77.24 and a 1 year high of $364.98.

Powell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 20th were given a $0.265 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.06 annualized dividend and a yield of 0.44%. Powell Industries’s dividend payout ratio (DPR) is 8.62%.

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.