Powell Industries, Inc. $POWL Stock Holdings Lessened by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC trimmed its stake in Powell Industries, Inc. (NASDAQ:POWL) by 14.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,819 shares of the industrial products company’s stock after selling 12,850 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Powell Industries were worth $24,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. CWM LLC lifted its position in shares of Powell Industries by 2.0% in the fourth quarter. CWM LLC now owns 1,219 shares of the industrial products company’s stock worth $389,000 after purchasing an additional 24 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Powell Industries by 3.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 686 shares of the industrial products company’s stock worth $219,000 after purchasing an additional 25 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in shares of Powell Industries by 2.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 1,048 shares of the industrial products company’s stock worth $319,000 after purchasing an additional 29 shares in the last quarter. State of Wyoming raised its position in Powell Industries by 18.5% during the third quarter. State of Wyoming now owns 186 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 29 shares in the last quarter. Finally, Arizona State Retirement System raised its position in Powell Industries by 1.1% during the third quarter. Arizona State Retirement System now owns 2,847 shares of the industrial products company’s stock valued at $868,000 after acquiring an additional 30 shares in the last quarter. 89.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Powell Industries

In other Powell Industries news, major shareholder Thomas W. Powell sold 149,334 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $167.41, for a total transaction of $25,000,004.94. Following the transaction, the insider owned 1,796,082 shares in the company, valued at $300,682,087.62. This trade represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP William Marshall Mauney, Jr. sold 2,500 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $323.69, for a total value of $809,225.00. Following the transaction, the vice president owned 10,853 shares in the company, valued at approximately $3,513,007.57. This trade represents a 18.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 183,835 shares of company stock valued at $32,915,210. 2.20% of the stock is owned by company insiders.

Powell Industries Stock Performance

Shares of POWL opened at $292.65 on Monday. The firm has a market cap of $10.66 billion, a PE ratio of 57.27, a PEG ratio of 3.82 and a beta of 1.14. The firm’s 50 day moving average price is $222.53 and its 200 day moving average price is $165.89. Powell Industries, Inc. has a twelve month low of $54.75 and a twelve month high of $328.00.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results on Monday, May 4th. The industrial products company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.09). Powell Industries had a net margin of 16.51% and a return on equity of 28.61%. The company had revenue of $296.62 million for the quarter, compared to analyst estimates of $298.12 million. During the same quarter last year, the business earned $3.81 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, sell-side analysts anticipate that Powell Industries, Inc. will post 5.47 earnings per share for the current fiscal year.

Powell Industries Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, May 20th. Powell Industries’s dividend payout ratio (DPR) is 7.05%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Texas Capital raised shares of Powell Industries to a “strong-buy” rating in a research report on Friday, March 27th. Cantor Fitzgerald raised their price objective on shares of Powell Industries from $160.00 to $320.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Glj Research assumed coverage on shares of Powell Industries in a research report on Thursday, March 5th. They set a “hold” rating and a $150.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on shares of Powell Industries from $310.00 to $360.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Zacks Research lowered shares of Powell Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $236.67.

About Powell Industries

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.