3,536 Shares in Powell Industries, Inc. $POWL Purchased by Littlejohn Financial Services Inc.

Littlejohn Financial Services Inc. bought a new stake in shares of Powell Industries, Inc. (NASDAQ:POWL) during the 3rd quarter, HoldingsChannel reports. The firm bought 3,536 shares of the industrial products company’s stock, valued at approximately $1,078,000.

Other hedge funds have also made changes to their positions in the company. Royal Bank of Canada boosted its holdings in shares of Powell Industries by 1.5% during the first quarter. Royal Bank of Canada now owns 30,830 shares of the industrial products company’s stock worth $5,251,000 after purchasing an additional 461 shares during the period. NewEdge Advisors LLC lifted its position in Powell Industries by 7.9% in the 1st quarter. NewEdge Advisors LLC now owns 6,310 shares of the industrial products company’s stock worth $1,075,000 after buying an additional 461 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Powell Industries by 1,221.0% during the 1st quarter. Jones Financial Companies Lllp now owns 1,387 shares of the industrial products company’s stock valued at $236,000 after buying an additional 1,282 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Powell Industries by 4.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 28,423 shares of the industrial products company’s stock valued at $4,841,000 after acquiring an additional 1,311 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Powell Industries in the first quarter worth $290,000. 89.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on POWL. Weiss Ratings reissued a “buy (b-)” rating on shares of Powell Industries in a research report on Monday, December 29th. Roth Capital reaffirmed a “buy” rating and set a $350.00 price target on shares of Powell Industries in a research note on Wednesday, November 19th. Finally, Wall Street Zen upgraded Powell Industries from a “hold” rating to a “buy” rating in a report on Sunday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $350.00.

Insider Buying and Selling at Powell Industries

In related news, VP William Marshall Mauney, Jr. sold 3,000 shares of the company’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $331.73, for a total transaction of $995,190.00. Following the completion of the sale, the vice president directly owned 4,451 shares of the company’s stock, valued at approximately $1,476,530.23. This represents a 40.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.

Powell Industries Price Performance

NASDAQ POWL opened at $401.27 on Thursday. Powell Industries, Inc. has a fifty-two week low of $146.02 and a fifty-two week high of $413.00. The stock’s 50-day moving average is $338.71 and its two-hundred day moving average is $299.68. The firm has a market cap of $4.87 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 1.87 and a beta of 0.86.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings data on Tuesday, November 18th. The industrial products company reported $4.22 EPS for the quarter, beating analysts’ consensus estimates of $3.76 by $0.46. Powell Industries had a return on equity of 31.80% and a net margin of 16.37%.The business had revenue of $297.98 million for the quarter, compared to analyst estimates of $292.85 million. During the same quarter in the prior year, the firm posted $3.77 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities analysts expect that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th were given a $0.2675 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.3%. Powell Industries’s dividend payout ratio (DPR) is currently 7.21%.

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.