Great Valley Advisor Group Inc. Buys 2,827 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Great Valley Advisor Group Inc. grew its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 34.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,947 shares of the industrial products company's stock after acquiring an additional 2,827 shares during the quarter. Great Valley Advisor Group Inc. owned 0.09% of Powell Industries worth $2,430,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hollencrest Capital Management bought a new stake in Powell Industries during the 3rd quarter worth $30,000. Quest Partners LLC bought a new stake in shares of Powell Industries during the third quarter worth about $35,000. Farther Finance Advisors LLC increased its stake 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 valued at $44,000 after buying an additional 105 shares during the period. Covestor Ltd raised its holdings in Powell Industries by 21.8% in the 3rd quarter. Covestor Ltd now owns 229 shares of the industrial products company's stock valued at $51,000 after buying an additional 41 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Powell Industries by 38.2% during the 2nd 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. Institutional investors own 89.77% of the company's stock.

Powell Industries Trading Down 3.2 %

NASDAQ:POWL traded down $9.28 during trading hours on Monday, hitting $280.60. 692,754 shares of the company were exchanged, compared to its average volume of 383,155. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 1.47 and a beta of 0.86. Powell Industries, Inc. has a one year low of $75.05 and a one year high of $364.98. The company has a fifty day simple moving average of $260.58 and a 200 day simple moving average of $196.09.

Powell Industries Dividend Announcement

The company 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 is Wednesday, November 20th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.38%. Powell Industries's dividend payout ratio (DPR) is currently 8.62%.

Wall Street Analyst Weigh In

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

Insider Activity at Powell Industries

In other Powell Industries news, Director James W. Mcgill sold 6,600 shares of the business's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $185.84, for a total transaction of $1,226,544.00. Following the completion of the sale, the director now owns 9,660 shares in the company, valued at approximately $1,795,214.40. The trade was a 40.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Thomas W. Powell sold 5,000 shares of the company's stock in a transaction 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 transaction, the insider now owns 677,265 shares in the company, valued at approximately $235,512,131.10. The trade was a 0.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,600 shares of company stock worth $15,906,386 over the last quarter. Company insiders own 2.20% of the company's stock.

Powell Industries 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.