Los Angeles Capital Management LLC Has $3 Million Position in Powell Industries, Inc. (NASDAQ:POWL)

Los Angeles Capital Management LLC raised its stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 36.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,526 shares of the industrial products company's stock after acquiring an additional 3,636 shares during the period. Los Angeles Capital Management LLC owned about 0.11% of Powell Industries worth $3,003,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Crossmark Global Holdings Inc. acquired a new position in Powell Industries in the third quarter worth $201,000. Covestor Ltd boosted its stake in Powell Industries by 21.8% in the third quarter. Covestor Ltd now owns 229 shares of the industrial products company's stock worth $51,000 after purchasing an additional 41 shares in the last quarter. Assetmark Inc. boosted its stake in Powell Industries by 8.3% in the third quarter. Assetmark Inc. now owns 12,158 shares of the industrial products company's stock worth $2,699,000 after purchasing an additional 933 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in Powell Industries in the third quarter worth $983,000. Finally, Hollencrest Capital Management acquired a new position in Powell Industries in the third quarter worth $30,000. Institutional investors and hedge funds own 89.77% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Powell Industries from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th.

Powell Industries Stock Down 7.7 %

NASDAQ POWL traded down $26.63 on Wednesday, reaching $317.23. The company had a trading volume of 685,598 shares, compared to its average volume of 369,527. The stock's 50 day moving average is $242.36 and its 200-day moving average is $189.40. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 1.97 and a beta of 0.86. Powell Industries, Inc. has a 52 week low of $75.05 and a 52 week high of $364.98.

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 issued a $0.265 dividend. 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 0.33%. Powell Industries's dividend payout ratio is presently 9.92%.

Insider Activity at Powell Industries

In other Powell Industries news, major shareholder Thomas W. Powell sold 25,000 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $213.56, for a total value of $5,339,000.00. Following the completion of the sale, the insider now directly owns 682,265 shares in the company, valued at $145,704,513.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Thomas W. Powell sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 677,265 shares of the company's stock, valued at approximately $235,512,131.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Thomas W. Powell sold 25,000 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $213.56, for a total value of $5,339,000.00. Following the transaction, the insider now directly owns 682,265 shares of the company's stock, valued at $145,704,513.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,600 shares of company stock worth $15,906,386. 2.20% of the stock is owned by insiders.

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.