Powell Industries, Inc. (NASDAQ:POWL) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its position in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 74.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,133 shares of the industrial products company's stock after buying an additional 3,897 shares during the quarter. BNP Paribas Financial Markets owned 0.08% of Powell Industries worth $2,027,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in POWL. Price T Rowe Associates Inc. MD purchased a new stake in shares of Powell Industries in the 1st quarter worth $375,000. GAMMA Investing LLC lifted its stake in shares of Powell Industries by 38.2% during the 2nd quarter. GAMMA Investing LLC now owns 286 shares of the industrial products company's stock worth $41,000 after purchasing an additional 79 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Powell Industries during the 2nd quarter worth $1,403,000. Transform Wealth LLC lifted its stake in shares of Powell Industries by 25,920.5% during the 2nd quarter. Transform Wealth LLC now owns 1,674,162 shares of the industrial products company's stock worth $240,075,000 after purchasing an additional 1,667,728 shares during the last quarter. Finally, Diversified Trust Co lifted its stake in shares of Powell Industries by 8.7% during the 2nd quarter. Diversified Trust Co now owns 1,618 shares of the industrial products company's stock worth $232,000 after purchasing an additional 129 shares during the last quarter. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

Powell Industries Stock Down 1.7 %

Shares of NASDAQ POWL traded down $4.87 during mid-day trading on Friday, reaching $280.37. 286,411 shares of the company were exchanged, compared to its average volume of 525,815. Powell Industries, Inc. has a 1 year low of $76.29 and a 1 year high of $364.98. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 1.48 and a beta of 0.85. The firm has a 50-day moving average of $275.37 and a 200 day moving average of $203.46.

Powell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 20th will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.06 dividend on an annualized basis and a yield of 0.38%. Powell Industries's payout ratio is 8.62%.

Analyst Ratings Changes

Separately, StockNews.com cut Powell Industries from a "buy" rating to a "hold" rating in a research note on Saturday, November 23rd.

Insiders Place Their Bets

In other Powell Industries news, major shareholder Thomas W. Powell sold 5,000 shares of the firm's stock in a transaction on Friday, November 8th. The stock was 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 60,000 shares of company stock valued at $14,679,842 over the last quarter. 2.20% of the stock is 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.