Roman Butler Fullerton & Co. Takes $608,000 Position in Powell Industries, Inc. (NASDAQ:POWL)

Roman Butler Fullerton & Co. purchased a new stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,737 shares of the industrial products company's stock, valued at approximately $608,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted 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 purchasing an additional 79 shares during the period. Farther Finance Advisors LLC raised its position in shares of Powell Industries by 110.5% in the third quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company's stock worth $44,000 after acquiring an additional 105 shares during the period. Picton Mahoney Asset Management purchased a new stake in shares of Powell Industries during the 2nd quarter worth about $47,000. Quarry LP acquired a new stake in shares of Powell Industries during the 2nd quarter valued at about $48,000. Finally, Plato Investment Management Ltd acquired a new position in Powell Industries in the 1st quarter worth about $50,000. 89.77% of the stock is owned by institutional investors and hedge funds.

Powell Industries Trading Down 3.8 %

NASDAQ:POWL traded down $10.48 during trading hours on Monday, reaching $268.85. 481,083 shares of the company were exchanged, compared to its average volume of 368,545. The firm has a market cap of $3.22 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 1.46 and a beta of 0.86. Powell Industries, Inc. has a twelve month low of $75.05 and a twelve month high of $284.45. The stock's 50-day moving average is $217.07 and its 200-day moving average is $179.29.

Insider Buying and Selling

In other Powell Industries news, major shareholder Thomas W. Powell sold 2,451 shares of the business's 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 sale, the insider now directly owns 1,628,328 shares in the company, valued at approximately $426,784,768.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Brett Alan Cope sold 2,750 shares of the company's stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $162.42, for a total value of $446,655.00. Following the completion of the sale, the chief executive officer now directly owns 145,987 shares in the company, valued at $23,711,208.54. This 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 available at this link. Also, major shareholder Thomas W. Powell sold 2,451 shares of the firm's stock in a transaction on Friday, October 11th. The stock was sold at an average price of $262.10, for a total value of $642,407.10. Following the completion of the sale, the insider now directly owns 1,628,328 shares of the company's stock, valued at $426,784,768.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 64,350 shares of company stock worth $14,614,341 in the last 90 days. Insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

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

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.