981 Shares in Powell Industries, Inc. $POWL Acquired by Intrust Bank NA

Intrust Bank NA purchased a new stake in Powell Industries, Inc. (NASDAQ:POWL) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 981 shares of the industrial products company’s stock, valued at approximately $299,000.

Several other large investors have also recently modified their holdings of POWL. Royal Bank of Canada increased its holdings in Powell Industries by 1.5% in the first quarter. Royal Bank of Canada now owns 30,830 shares of the industrial products company’s stock valued at $5,251,000 after purchasing an additional 461 shares during the period. NewEdge Advisors LLC grew its position in shares of Powell Industries by 7.9% in the 1st quarter. NewEdge Advisors LLC now owns 6,310 shares of the industrial products company’s stock valued at $1,075,000 after buying an additional 461 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Powell Industries by 1,221.0% in the first 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 increased its stake in shares of Powell Industries by 4.8% in the first 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 buying an additional 1,311 shares during the period. Finally, Leavell Investment Management Inc. raised its position in shares of Powell Industries by 22.6% during the second quarter. Leavell Investment Management Inc. now owns 2,147 shares of the industrial products company’s stock worth $452,000 after acquiring an additional 396 shares during the last quarter. Institutional investors own 89.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Roth Mkm restated a “buy” rating and set a $350.00 price target on shares of Powell Industries in a report on Wednesday, November 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Powell Industries in a research note on Monday, December 29th. Cantor Fitzgerald boosted their target price on shares of Powell Industries from $427.00 to $481.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Finally, Wall Street Zen upgraded Powell Industries from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Powell Industries presently has an average rating of “Moderate Buy” and an average target price of $415.50.

Insider Transactions at Powell Industries

In other news, insider Ping Ni sold 70 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $590.00, for a total transaction of $41,300.00. Following the transaction, the insider directly owned 2,023 shares of the company’s stock, valued at $1,193,570. This represents a 3.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Treasurer David L. Eckenrode sold 295 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $570.00, for a total value of $168,150.00. Following the completion of the transaction, the treasurer owned 443 shares in the company, valued at approximately $252,510. This represents a 39.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 28,681 shares of company stock worth $16,331,445 in the last three months. Insiders own 2.20% of the company’s stock.

Powell Industries Stock Down 0.5%

Powell Industries stock opened at $544.15 on Tuesday. The company has a market capitalization of $6.61 billion, a PE ratio of 35.36, a PEG ratio of 2.49 and a beta of 0.85. Powell Industries, Inc. has a 12-month low of $146.02 and a 12-month high of $612.50. The firm’s fifty day moving average is $431.13 and its 200 day moving average is $353.91.

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

Powell Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 18th will be paid a dividend of $0.27 per share. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $1.08 dividend on an annualized basis and a yield of 0.2%. Powell Industries’s dividend payout ratio (DPR) is currently 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.