Crossmark Global Holdings Inc. Has $240,000 Stock Position in Powell Industries, Inc. (NASDAQ:POWL)

Crossmark Global Holdings Inc. lifted its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL) by 19.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,084 shares of the industrial products company’s stock after purchasing an additional 180 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Powell Industries were worth $240,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Wellington Management Group LLP bought a new stake in shares of Powell Industries during the 3rd quarter worth $30,038,000. Victory Capital Management Inc. boosted its holdings in shares of Powell Industries by 1,119.3% during the 3rd quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company’s stock worth $21,886,000 after buying an additional 90,504 shares during the period. Driehaus Capital Management LLC bought a new stake in shares of Powell Industries during the 2nd quarter worth $11,658,000. Stephens Investment Management Group LLC bought a new stake in shares of Powell Industries during the 3rd quarter worth $13,606,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Powell Industries during the 3rd quarter worth $12,176,000. Institutional investors and hedge funds own 89.77% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Powell Industries

In other news, major shareholder Thomas W. Powell sold 5,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 677,265 shares of the company’s stock, valued at approximately $235,512,131.10. This trade represents a 0.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is owned by insiders.

Powell Industries Price Performance

Shares of Powell Industries stock opened at $243.84 on Tuesday. Powell Industries, Inc. has a fifty-two week low of $77.24 and a fifty-two week high of $364.98. The firm has a fifty day moving average price of $256.09 and a two-hundred day moving average price of $224.81. The company has a market cap of $2.94 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 1.62 and a beta of 0.88.

Powell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 20th were issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Wednesday, November 20th. Powell Industries’s payout ratio is 8.62%.

Powell Industries 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.