Vontobel Holding Ltd. Buys Shares of 937 Powell Industries, Inc. (NASDAQ:POWL)

Vontobel Holding Ltd. purchased a new position in Powell Industries, Inc. (NASDAQ:POWL) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 937 shares of the industrial products company’s stock, valued at approximately $208,000.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in Powell Industries during the second quarter worth $1,403,000. Quadrature Capital Ltd bought a new position in shares of Powell Industries during the 1st quarter worth about $1,927,000. Commonwealth Equity Services LLC acquired a new position in shares of Powell Industries during the first quarter valued at about $1,628,000. FORA Capital LLC bought a new stake in shares of Powell Industries in the first quarter valued at about $1,000,000. Finally, Allspring Global Investments Holdings LLC grew its position in Powell Industries by 471.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 31,258 shares of the industrial products company’s stock worth $4,448,000 after buying an additional 25,789 shares in the last quarter. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Powell Industries Price Performance

Shares of POWL stock opened at $255.17 on Thursday. Powell Industries, Inc. has a one year low of $72.80 and a one year high of $284.45. The stock has a fifty day moving average price of $203.33 and a 200 day moving average price of $171.99. The stock has a market cap of $3.06 billion, a P/E ratio of 30.31, a price-to-earnings-growth ratio of 1.56 and a beta of 0.88.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $1.63. The company 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 firm’s revenue for the quarter was up 49.8% compared to the same quarter last year. During the same period last year, the firm earned $1.52 EPS. Equities research analysts anticipate that Powell Industries, Inc. will post 12.01 EPS for the current year.

Powell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 14th were paid 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 0.42%. Powell Industries’s dividend payout ratio is currently 12.59%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Powell Industries from a “hold” rating to a “buy” rating in a report on Wednesday.

Insider Transactions at Powell Industries

In related news, insider Robert B. Callahan sold 1,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $160.00, for a total value of $160,000.00. Following the sale, the insider now owns 11,066 shares of the company’s stock, valued at $1,770,560. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Thomas W. Powell sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $213.56, for a total transaction of $5,339,000.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert B. Callahan sold 1,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $160.00, for a total value of $160,000.00. Following the sale, the insider now owns 11,066 shares in the company, valued at approximately $1,770,560. 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 ninety days, insiders sold 65,350 shares of company stock valued at $14,774,341. Corporate insiders own 2.20% of the company’s stock.

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.