Syon Capital LLC Buys 4,755 Shares of Powell Industries, Inc. $POWL

Syon Capital LLC grew its stake in Powell Industries, Inc. (NASDAQ:POWL) by 187.2% during the second quarter, HoldingsChannel reports. The firm owned 7,295 shares of the industrial products company’s stock after buying an additional 4,755 shares during the quarter. Syon Capital LLC’s holdings in Powell Industries were worth $2,089,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Alps Advisors Inc. lifted its stake in Powell Industries by 1.1% in the 4th quarter. Alps Advisors Inc. now owns 1,599 shares of the industrial products company’s stock valued at $510,000 after purchasing an additional 18 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Powell Industries by 3.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 686 shares of the industrial products company’s stock worth $219,000 after buying an additional 25 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of Powell Industries by 2.0% during the fourth quarter. Maryland State Retirement & Pension System now owns 1,380 shares of the industrial products company’s stock worth $440,000 after buying an additional 27 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Powell Industries by 3.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,009 shares of the industrial products company’s stock worth $546,000 after buying an additional 34 shares in the last quarter. Finally, Wealthfront Advisers LLC lifted its stake in shares of Powell Industries by 5.4% in the 1st quarter. Wealthfront Advisers LLC now owns 697 shares of the industrial products company’s stock valued at $377,000 after acquiring an additional 36 shares during the last quarter. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Powell Industries Trading Up 3.4%

Shares of POWL opened at $181.17 on Friday. The company has a market capitalization of $6.60 billion, a PE ratio of 34.77, a PEG ratio of 2.33 and a beta of 1.18. Powell Industries, Inc. has a 12 month low of $86.36 and a 12 month high of $328.00. The stock’s 50-day moving average price is $216.71 and its two-hundred day moving average price is $230.49.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings results on Monday, August 3rd. The industrial products company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.07). Powell Industries had a net margin of 16.49% and a return on equity of 27.51%. The company had revenue of $311.74 million during the quarter, compared to analyst estimates of $316.70 million. During the same period in the previous year, the company posted $3.96 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts predict that Powell Industries, Inc. will post 5.36 EPS for the current fiscal year.

Powell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, August 19th. Powell Industries’s dividend payout ratio (DPR) is currently 6.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Zacks Research lowered Powell Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings downgraded Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. Cantor Fitzgerald cut their price target on Powell Industries from $320.00 to $235.00 and set a “neutral” rating on the stock in a research note on Friday, August 14th. Finally, Glj Research raised Powell Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $215.42.

Insider Activity

In other Powell Industries news, CEO Brett Cope sold 4,440 shares of Powell Industries stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $241.55, for a total value of $1,072,482.00. Following the completion of the sale, the chief executive officer directly owned 517,233 shares of the company’s stock, valued at approximately $124,937,631.15. The trade was a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael Metcalf sold 4,500 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $284.64, for a total value of $1,280,880.00. Following the completion of the sale, the executive vice president directly owned 78,900 shares of the company’s stock, valued at $22,458,096. The trade was a 5.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 42,898 shares of company stock valued at $12,353,653 in the last ninety days. 2.20% of the stock is owned by company insiders.

Powell Industries 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.