2,163 Shares in Powell Industries, Inc. (NASDAQ:POWL) Purchased by Creative Planning

Creative Planning acquired a new position in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,163 shares of the industrial products company's stock, valued at approximately $310,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Powell Industries by 38.2% in the 2nd quarter. GAMMA Investing LLC now owns 286 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 79 shares during the last quarter. Picton Mahoney Asset Management bought a new stake in shares of Powell Industries in the 2nd quarter valued at about $47,000. Plato Investment Management Ltd bought a new stake in shares of Powell Industries in the 1st quarter valued at about $50,000. Canada Pension Plan Investment Board bought a new stake in shares of Powell Industries in the 2nd quarter valued at about $72,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Powell Industries in the 2nd quarter valued at about $140,000. 89.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Powell Industries from a "buy" rating to a "hold" rating in a research report on Friday, October 4th.

Powell Industries Stock Performance

NASDAQ POWL traded down $4.25 during trading hours on Friday, reaching $271.33. 222,309 shares of the company's stock were exchanged, compared to its average volume of 368,027. The company's 50-day moving average is $198.90 and its two-hundred day moving average is $169.54. Powell Industries, Inc. has a one year low of $72.51 and a one year high of $284.45. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 25.38, a price-to-earnings-growth ratio of 1.53 and a beta of 0.88.

Powell Industries (NASDAQ:POWL - Get Free Report) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $3.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.16 by $1.63. Powell Industries had a return on equity of 33.09% and a net margin of 13.77%. The business had revenue of $288.17 million during the quarter, compared to analysts' expectations of $222.18 million. During the same period in the prior year, the business earned $1.52 EPS. Powell Industries's revenue for the quarter was up 49.8% compared to the same quarter last year. Research analysts predict that Powell Industries, Inc. will post 12.01 earnings per share for the current fiscal year.

Powell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 14th were paid a dividend of $0.265 per share. The ex-dividend date was Wednesday, August 14th. This represents a $1.06 dividend on an annualized basis and a yield of 0.39%. Powell Industries's payout ratio is 9.92%.

Insider Buying and Selling

In related news, major shareholder Thomas W. Powell sold 2,451 shares of the firm's stock in a transaction on Friday, October 11th. The shares were sold at an average price of $262.10, for a total value of $642,407.10. Following the completion of the transaction, the insider now owns 1,628,328 shares of the company's stock, valued at approximately $426,784,768.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Thomas W. Powell sold 2,451 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $262.10, for a total transaction of $642,407.10. Following the completion of the transaction, the insider now directly owns 1,628,328 shares of the company's stock, valued at approximately $426,784,768.80. 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 17,549 shares of the business's stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $256.33, for a total value of $4,498,335.17. Following the transaction, the insider now directly owns 1,630,779 shares in the company, valued at $418,017,581.07. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 65,350 shares of company stock valued at $14,774,341. 2.20% of the stock is owned by corporate 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.