Intech Investment Management LLC Purchases New Shares in Powell Industries, Inc. (NASDAQ:POWL)

Intech Investment Management LLC bought a new stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,123 shares of the industrial products company's stock, valued at approximately $2,469,000. Intech Investment Management LLC owned about 0.09% of Powell Industries as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new position in Powell Industries during the third quarter worth about $30,000. Quest Partners LLC purchased a new position in Powell Industries during the third quarter worth about $35,000. GAMMA Investing LLC grew its position in Powell Industries by 38.2% during the second quarter. GAMMA Investing LLC now owns 286 shares of the industrial products company's stock worth $41,000 after buying an additional 79 shares during the period. Farther Finance Advisors LLC grew its position in Powell Industries by 110.5% during the third quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company's stock worth $44,000 after buying an additional 105 shares during the period. Finally, Picton Mahoney Asset Management acquired a new position in Powell Industries during the second quarter worth about $47,000. 89.77% of the stock is owned by hedge funds and other institutional investors.

Powell Industries Stock Performance

POWL traded down $9.28 on Monday, hitting $280.60. 692,754 shares of the company were exchanged, compared to its average volume of 383,155. The business's fifty day moving average is $262.79 and its 200 day moving average is $196.90. Powell Industries, Inc. has a fifty-two week low of $75.05 and a fifty-two week high of $364.98. The firm has a market capitalization of $3.37 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 1.47 and a beta of 0.86.

Powell Industries Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Powell Industries from a "buy" rating to a "hold" rating in a research report on Saturday.

Insider Activity

In related 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 sale, the insider now owns 682,265 shares in the company, valued at approximately $145,704,513.40. This trade represents a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James W. Mcgill sold 6,600 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $185.84, for a total transaction of $1,226,544.00. Following the sale, the director now owns 9,660 shares in the company, valued at approximately $1,795,214.40. This trade represents a 40.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,600 shares of company stock worth $15,906,386 over the last ninety days. 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.