Powell Industries, Inc. (NASDAQ:POWL) Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC increased its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL) by 11.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,047 shares of the industrial products company’s stock after purchasing an additional 499 shares during the period. Yousif Capital Management LLC’s holdings in Powell Industries were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in POWL. New York State Common Retirement Fund boosted its position in shares of Powell Industries by 20.4% in the fourth quarter. New York State Common Retirement Fund now owns 4,277 shares of the industrial products company’s stock worth $378,000 after buying an additional 724 shares during the period. Cornerstone Investment Partners LLC acquired a new position in Powell Industries during the 4th quarter worth approximately $206,000. Carnegie Capital Asset Management LLC purchased a new position in Powell Industries in the 4th quarter worth approximately $847,000. Louisiana State Employees Retirement System acquired a new stake in Powell Industries in the fourth quarter valued at approximately $407,000. Finally, Yorktown Management & Research Co Inc purchased a new stake in shares of Powell Industries during the fourth quarter valued at approximately $301,000. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Powell Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 1st.

Insider Activity at Powell Industries

In other Powell Industries news, major shareholder Thomas W. Powell sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $174.38, for a total transaction of $871,900.00. Following the transaction, the insider now owns 1,688,628 shares of the company’s stock, valued at approximately $294,462,950.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Christopher E. Cragg sold 9,000 shares of Powell Industries stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $155.13, for a total value of $1,396,170.00. Following the completion of the transaction, the director now directly owns 12,360 shares of the company’s stock, valued at approximately $1,917,406.80. 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 5,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $174.38, for a total transaction of $871,900.00. Following the sale, the insider now owns 1,688,628 shares in the company, valued at approximately $294,462,950.64. The disclosure for this sale can be found here. Insiders sold a total of 30,000 shares of company stock valued at $4,850,830 over the last three months. 2.20% of the stock is owned by insiders.

Powell Industries Stock Performance

Shares of POWL opened at $161.58 on Tuesday. Powell Industries, Inc. has a one year low of $49.34 and a one year high of $197.87. The stock has a 50-day moving average price of $148.18 and a 200 day moving average price of $113.55. The company has a market capitalization of $1.94 billion, a P/E ratio of 19.19, a P/E/G ratio of 1.26 and a beta of 0.79.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.86. The business had revenue of $255.10 million during the quarter, compared to the consensus estimate of $201.45 million. Powell Industries had a net margin of 12.05% and a return on equity of 27.93%. The business’s quarterly revenue was up 48.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 earnings per share. As a group, equities research analysts forecast that Powell Industries, Inc. will post 9.04 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.265 per share. This is a boost from Powell Industries’s previous quarterly dividend of $0.26. The ex-dividend date is Tuesday, May 14th. This represents a $1.06 annualized dividend and a dividend yield of 0.66%. Powell Industries’s dividend payout ratio (DPR) is presently 12.59%.

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.