Valmark Advisers Inc. Boosts Stock Position in Powell Industries, Inc. (NASDAQ:POWL)

Valmark Advisers Inc. raised its stake in Powell Industries, Inc. (NASDAQ:POWL) by 82.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,552 shares of the industrial products company’s stock after buying an additional 3,857 shares during the quarter. Valmark Advisers Inc.’s holdings in Powell Industries were worth $756,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Covestor Ltd grew its stake in Powell Industries by 121.1% in the third quarter. Covestor Ltd now owns 796 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 436 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of Powell Industries by 11.0% during the fourth quarter. Yousif Capital Management LLC now owns 5,047 shares of the industrial products company’s stock worth $446,000 after acquiring an additional 499 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Powell Industries by 20.4% during the fourth quarter. New York State Common Retirement Fund now owns 4,277 shares of the industrial products company’s stock worth $378,000 after acquiring an additional 724 shares during the last quarter. EAM Investors LLC grew its stake in shares of Powell Industries by 1.4% during the third quarter. EAM Investors LLC now owns 73,333 shares of the industrial products company’s stock worth $6,079,000 after acquiring an additional 1,046 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Powell Industries by 14.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 8,706 shares of the industrial products company’s stock worth $770,000 after acquiring an additional 1,106 shares during the last quarter. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Powell Industries Price Performance

NASDAQ:POWL traded up $2.51 during trading hours on Friday, reaching $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 1-year low of $39.29 and a 1-year high of $197.87. The firm has a market cap of $1.79 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 1.41 and a beta of 0.79. The business’s 50 day moving average price is $148.03 and its 200-day moving average price is $110.75.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.98. Powell Industries had a return on equity of 22.30% and a net margin of 10.10%. The company had revenue of $194.00 million during the quarter, compared to the consensus estimate of $182.04 million. During the same period in the previous year, the company posted $0.10 earnings per share. Powell Industries’s revenue for the quarter was up 53.0% on a year-over-year basis. On average, analysts expect that Powell Industries, Inc. will post 7.54 earnings per share for the current fiscal year.

Powell Industries Dividend Announcement

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

Wall Street Analyst Weigh In

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

Insider Transactions at Powell Industries

In related news, major shareholder Thomas W. Powell sold 6,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $151.36, for a total value of $908,160.00. Following the completion of the transaction, the insider now directly owns 714,643 shares of the company’s stock, valued at approximately $108,168,364.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Thomas W. Powell sold 5,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $174.38, for a total value of $871,900.00. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Thomas W. Powell sold 6,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $151.36, for a total value of $908,160.00. Following the completion of the sale, the insider now owns 714,643 shares of the company’s stock, valued at $108,168,364.48. The disclosure for this sale can be found here. Insiders sold a total of 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.

Powell Industries 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.