Powell Industries, Inc. (NASDAQ:POWL) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its holdings in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 63.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,802 shares of the industrial products company's stock after selling 3,124 shares during the period. SG Americas Securities LLC's holdings in Powell Industries were worth $399,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in POWL. Wellington Management Group LLP purchased a new position in Powell Industries in the 3rd quarter valued at approximately $30,038,000. Victory Capital Management Inc. boosted its holdings in Powell Industries by 1,119.3% in the third quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company's stock valued at $21,886,000 after purchasing an additional 90,504 shares during the period. Stephens Investment Management Group LLC acquired a new position in Powell Industries during the 3rd quarter worth $13,606,000. Sanctuary Advisors LLC purchased a new stake in Powell Industries during the 3rd quarter worth about $12,176,000. Finally, Rockefeller Capital Management L.P. acquired a new stake in Powell Industries in the 3rd quarter valued at about $10,760,000. Institutional investors and hedge funds own 89.77% of the company's stock.

Insider Activity at Powell Industries

In other Powell Industries news, major shareholder Thomas W. Powell sold 5,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 677,265 shares of the company's stock, valued at $235,512,131.10. This represents a 0.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.20% of the company's stock.

Powell Industries Price Performance

Shares of NASDAQ POWL traded down $0.01 during midday trading on Thursday, hitting $244.84. 588,766 shares of the company's stock were exchanged, compared to its average volume of 495,763. The firm's fifty day simple moving average is $249.78 and its 200-day simple moving average is $229.25. The company has a market cap of $2.95 billion, a PE ratio of 19.92, a P/E/G ratio of 1.25 and a beta of 0.87. Powell Industries, Inc. has a twelve month low of $122.00 and a twelve month high of $364.98.

Powell Industries (NASDAQ:POWL - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, topping analysts' consensus estimates of $2.83 by $0.03. Powell Industries had a net margin of 14.80% and a return on equity of 35.68%. Equities analysts anticipate that Powell Industries, Inc. will post 13.7 EPS for the current fiscal year.

Powell Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th will be given a $0.2675 dividend. The ex-dividend date is Wednesday, February 19th. 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 dividend yield of 0.44%. Powell Industries's dividend payout ratio is 8.62%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Roth Capital raised Powell Industries to a "strong-buy" rating in a research report on Tuesday, December 10th. StockNews.com downgraded shares of Powell Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, January 22nd. Finally, Roth Mkm began coverage on shares of Powell Industries in a report on Wednesday, December 11th. They issued a "buy" rating and a $312.00 price objective on the 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.