Precision Wealth Strategies LLC Has $311,000 Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Precision Wealth Strategies LLC trimmed its position in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 47.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,401 shares of the industrial products company's stock after selling 1,271 shares during the period. Precision Wealth Strategies LLC's holdings in Powell Industries were worth $311,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of POWL. Hollencrest Capital Management bought a new position in shares of Powell Industries in the third quarter worth about $30,000. Quest Partners LLC purchased a new position in Powell Industries during the 3rd quarter valued at approximately $35,000. Blue Trust Inc. purchased a new position in shares of Powell Industries in the 4th quarter worth approximately $43,000. Farther Finance Advisors LLC boosted its holdings in shares of Powell Industries by 110.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company's stock worth $44,000 after purchasing an additional 105 shares during the period. Finally, Quarry LP purchased a new position in shares of Powell Industries in the 2nd quarter worth approximately $48,000. 89.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Thomas W. Powell sold 5,000 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $347.74, for a total transaction of $1,738,700.00. Following the completion of the sale, the insider now directly owns 677,265 shares of the company's stock, valued at $235,512,131.10. The trade was a 0.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.20% of the company's stock.

Powell Industries Stock Performance

Shares of POWL traded up $14.43 during midday trading on Wednesday, hitting $247.57. 196,677 shares of the stock were exchanged, compared to its average volume of 476,792. Powell Industries, Inc. has a 52-week low of $122.00 and a 52-week high of $364.98. The stock has a fifty day simple moving average of $250.48 and a 200 day simple moving average of $229.03. The firm has a market cap of $2.99 billion, a P/E ratio of 20.04, a P/E/G ratio of 1.25 and a beta of 0.87.

Powell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th will be paid a $0.2675 dividend. This is a boost from Powell Industries's previous quarterly dividend of $0.27. This represents a $1.07 dividend on an annualized basis and a yield of 0.43%. Powell Industries's dividend payout ratio (DPR) is currently 8.62%.

Wall Street Analyst Weigh In

POWL has been the subject of several recent research reports. Roth Capital raised Powell Industries to a "strong-buy" rating in a research report on Tuesday, December 10th. StockNews.com lowered Powell Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, January 22nd. Finally, Roth Mkm assumed coverage on Powell Industries in a research report on Wednesday, December 11th. They issued a "buy" rating and a $312.00 price target for the company.

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.