Powell Industries, Inc. $POWL Holdings Raised by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in shares of Powell Industries, Inc. (NASDAQ:POWL) by 41.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,604 shares of the industrial products company’s stock after acquiring an additional 1,638 shares during the period. Intech Investment Management LLC’s holdings in Powell Industries were worth $1,708,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC bought a new stake in Powell Industries during the second quarter valued at $33,000. State of Wyoming acquired a new position in shares of Powell Industries in the 2nd quarter valued at about $33,000. Manchester Capital Management LLC grew its position in shares of Powell Industries by 42.9% during the 2nd quarter. Manchester Capital Management LLC now owns 200 shares of the industrial products company’s stock valued at $42,000 after buying an additional 60 shares during the last quarter. Virtus Advisers LLC acquired a new stake in Powell Industries during the second quarter worth about $46,000. Finally, TD Waterhouse Canada Inc. bought a new position in Powell Industries in the second quarter worth about $105,000. Institutional investors and hedge funds own 89.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on POWL shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Powell Industries in a report on Monday, December 29th. Cantor Fitzgerald boosted their price objective on Powell Industries from $427.00 to $481.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Wall Street Zen raised Powell Industries from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Roth Mkm reiterated a “buy” rating and issued a $350.00 target price on shares of Powell Industries in a research note on Wednesday, November 19th. Finally, Glj Research began coverage on shares of Powell Industries in a research report on Thursday. They set a “hold” rating and a $450.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $427.00.

Insider Activity at Powell Industries

In other Powell Industries news, VP William Marshall Mauney, Jr. sold 3,000 shares of the stock in a transaction on Friday, December 19th. The stock was sold at an average price of $331.73, for a total transaction of $995,190.00. Following the completion of the transaction, the vice president directly owned 4,451 shares of the company’s stock, valued at approximately $1,476,530.23. This trade represents a 40.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Thomas W. Powell sold 14,911 shares of Powell Industries stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $600.92, for a total value of $8,960,318.12. Following the transaction, the insider owned 652,069 shares in the company, valued at approximately $391,841,303.48. This trade represents a 2.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 30,158 shares of company stock worth $17,160,352 over the last ninety days. Insiders own 2.20% of the company’s stock.

Powell Industries Stock Performance

Shares of POWL opened at $503.01 on Friday. Powell Industries, Inc. has a one year low of $150.46 and a one year high of $612.50. The stock’s fifty day moving average is $462.39 and its 200-day moving average is $367.56. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 32.68, a price-to-earnings-growth ratio of 2.33 and a beta of 0.82.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.55. The business had revenue of $251.18 million during the quarter, compared to the consensus estimate of $255.34 million. Powell Industries had a net margin of 16.82% and a return on equity of 30.64%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.86 earnings per share. Analysts forecast that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 18th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.2%. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, February 18th. Powell Industries’s payout ratio is 7.02%.

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.