Trek Financial LLC Purchases New Stake in Powell Industries, Inc. $POWL

Trek Financial LLC acquired a new position in Powell Industries, Inc. (NASDAQ:POWL) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 1,928 shares of the industrial products company’s stock, valued at approximately $588,000.

Other institutional investors also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC acquired a new position in shares of Powell Industries during the 2nd quarter worth $33,000. State of Wyoming purchased a new stake in Powell Industries during the second quarter worth about $33,000. Manchester Capital Management LLC grew its position in Powell Industries by 42.9% during the second quarter. Manchester Capital Management LLC now owns 200 shares of the industrial products company’s stock worth $42,000 after buying an additional 60 shares during the period. Virtus Advisers LLC acquired a new position in Powell Industries during the second quarter worth about $46,000. Finally, Morgan Dempsey Capital Management LLC purchased a new position in Powell Industries in the second quarter valued at about $52,000. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Powell Industries

In other news, VP William Marshall Mauney, Jr. sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $331.73, for a total value of $995,190.00. Following the completion of the transaction, the vice president owned 4,451 shares of the company’s stock, valued at $1,476,530.23. The trade was a 40.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Roth Mkm reissued a “buy” rating and set a $350.00 price target on shares of Powell Industries in a research note on Wednesday, November 19th. Wall Street Zen cut Powell Industries from a “buy” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Powell Industries in a report on Monday, December 29th. Finally, Cantor Fitzgerald assumed coverage on Powell Industries in a research report on Friday. They issued a “neutral” rating and a $427.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $388.50.

Powell Industries Stock Performance

Shares of NASDAQ:POWL opened at $417.95 on Monday. The business’s fifty day moving average price is $347.68 and its two-hundred day moving average price is $310.39. The stock has a market cap of $5.07 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 1.96 and a beta of 0.86. Powell Industries, Inc. has a one year low of $146.02 and a one year high of $446.11.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings data on Tuesday, November 18th. The industrial products company reported $4.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.46. The business had revenue of $297.98 million for the quarter, compared to the consensus estimate of $292.85 million. Powell Industries had a return on equity of 31.80% and a net margin of 16.37%.The business’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business earned $3.77 earnings per share. As a group, equities research analysts predict that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th were paid a dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, November 19th. Powell Industries’s dividend payout ratio (DPR) is currently 7.21%.

Powell Industries Company Profile

Powell Industries, Inc is an industrial electrical engineering company specializing in the design, manufacture and integration of customized power control and distribution solutions. The firm’s offerings range from medium?voltage switchgear and power control centers to bus duct, motor control centers and specialty transformers. Powell also provides automation systems, protective relaying, metering, supervisory control and data acquisition (SCADA) platforms, and turnkey engineering services to help clients manage critical power infrastructure.

Serving the oil and gas, petrochemical, refining, utility, mining and industrial sectors, Powell’s products are engineered to meet demanding performance, safety and reliability requirements.