Valmark Advisers Inc. Acquires 3,857 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Valmark Advisers Inc. lifted its holdings in Powell Industries, Inc. (NASDAQ:POWL) by 82.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,552 shares of the industrial products company’s stock after acquiring an additional 3,857 shares during the quarter. Valmark Advisers Inc. owned 0.07% of Powell Industries worth $756,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Covestor Ltd raised its holdings in Powell Industries by 121.1% during the 3rd quarter. Covestor Ltd now owns 796 shares of the industrial products company’s stock valued at $66,000 after buying an additional 436 shares during the last quarter. Yousif Capital Management LLC raised its holdings in Powell Industries by 11.0% during the 4th quarter. Yousif Capital Management LLC now owns 5,047 shares of the industrial products company’s stock valued at $446,000 after buying an additional 499 shares during the last quarter. New York State Common Retirement Fund raised its holdings in Powell Industries by 20.4% during the 4th quarter. New York State Common Retirement Fund now owns 4,277 shares of the industrial products company’s stock valued at $378,000 after buying an additional 724 shares during the last quarter. EAM Investors LLC raised its holdings in Powell Industries by 1.4% during the 3rd quarter. EAM Investors LLC now owns 73,333 shares of the industrial products company’s stock valued at $6,079,000 after buying an additional 1,046 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in Powell Industries by 14.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 8,706 shares of the industrial products company’s stock valued at $770,000 after buying an additional 1,106 shares during the last quarter. 89.77% of the stock is currently owned by institutional investors.

Insider Transactions at Powell Industries

In other news, major shareholder Thomas W. Powell sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $174.38, for a total value of $871,900.00. Following the sale, the insider now directly owns 1,688,628 shares of the company’s stock, valued at approximately $294,462,950.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Thomas W. Powell sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $174.38, for a total value of $871,900.00. Following the sale, the insider now directly owns 1,688,628 shares of the company’s stock, valued at approximately $294,462,950.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Thomas W. Powell sold 10,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $167.46, for a total transaction of $1,674,600.00. Following the completion of the sale, the insider now directly owns 1,703,628 shares in the company, valued at $285,289,544.88. The disclosure for this sale can be found here. Insiders have sold 30,000 shares of company stock valued at $4,850,830 in the last three months. 2.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Powell Industries Trading Up 1.7 %

NASDAQ POWL traded up $2.51 during trading on Friday, hitting $148.82. The company had a trading volume of 235,291 shares, compared to its average volume of 256,612. Powell Industries, Inc. has a one year low of $39.29 and a one year high of $197.87. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 1.41 and a beta of 0.79. The company’s fifty day moving average is $148.03 and its 200-day moving average is $110.75.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.00 by $0.98. Powell Industries had a net margin of 10.10% and a return on equity of 22.30%. The business had revenue of $194.00 million during the quarter, compared to analyst estimates of $182.04 million. During the same period in the prior year, the business earned $0.10 EPS. The company’s revenue for the quarter was up 53.0% on a year-over-year basis. As a group, equities analysts anticipate that Powell Industries, Inc. will post 7.54 EPS for the current year.

Powell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 14th were given a $0.262 dividend. This represents a $1.05 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, February 13th. Powell Industries’s dividend payout ratio is presently 16.64%.

Powell Industries Company 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.