Stephens Investment Management Group LLC Makes New $13.61 Million Investment in Powell Industries, Inc. (NASDAQ:POWL)

Stephens Investment Management Group LLC acquired a new stake in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 61,291 shares of the industrial products company's stock, valued at approximately $13,606,000. Stephens Investment Management Group LLC owned about 0.51% of Powell Industries as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Powell Industries by 38.2% in the second 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. Diversified Trust Co raised its holdings in Powell Industries by 7.1% in the 3rd quarter. Diversified Trust Co now owns 1,733 shares of the industrial products company's stock worth $385,000 after purchasing an additional 115 shares during the period. The Manufacturers Life Insurance Company lifted its position in Powell Industries by 2.9% during the second quarter. The Manufacturers Life Insurance Company now owns 5,294 shares of the industrial products company's stock valued at $759,000 after purchasing an additional 151 shares in the last quarter. WINTON GROUP Ltd grew its stake in shares of Powell Industries by 2.9% during the 2nd quarter. WINTON GROUP Ltd now owns 6,224 shares of the industrial products company's stock valued at $893,000 after acquiring an additional 174 shares during the period. Finally, Texas Permanent School Fund Corp raised its stake in Powell Industries by 2.2% during the 1st quarter. Texas Permanent School Fund Corp now owns 8,065 shares of the industrial products company's stock worth $1,148,000 after acquiring an additional 175 shares during the period. Institutional investors own 89.77% of the company's stock.

Powell Industries Price Performance

Shares of NASDAQ:POWL traded up $24.35 during trading on Friday, hitting $279.33. 587,426 shares of the company's stock were exchanged, compared to its average volume of 364,639. Powell Industries, Inc. has a 52-week low of $75.05 and a 52-week high of $284.45. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 1.46 and a beta of 0.86. The business's 50-day simple moving average is $217.07 and its 200 day simple moving average is $178.53.

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

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Powell Industries from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd.

Insiders Place Their Bets

In related news, CEO Brett Alan Cope sold 2,750 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $162.42, for a total transaction of $446,655.00. Following the completion of the transaction, the chief executive officer now directly owns 145,987 shares of the company's stock, valued at approximately $23,711,208.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Brett Alan Cope sold 2,750 shares of the business's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $162.42, for a total value of $446,655.00. Following the sale, the chief executive officer now owns 145,987 shares in the company, valued at approximately $23,711,208.54. The trade was 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, insider Robert B. Callahan sold 1,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $160.00, for a total transaction of $160,000.00. Following the transaction, the insider now owns 11,066 shares of the company's stock, valued at $1,770,560. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,350 shares of company stock worth $14,774,341 in the last 90 days. 2.20% of the stock is currently owned by corporate 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.