Powell Industries, Inc. $POWL Stock Holdings Raised by GW&K Investment Management LLC

GW&K Investment Management LLC raised its stake in Powell Industries, Inc. (NASDAQ:POWL) by 13.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 254,520 shares of the industrial products company’s stock after acquiring an additional 30,013 shares during the period. GW&K Investment Management LLC’s holdings in Powell Industries were worth $81,137,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Avanza Fonder AB bought a new stake in shares of Powell Industries in the 4th quarter worth about $30,000. State of Wyoming bought a new stake in shares of Powell Industries in the 2nd quarter worth about $33,000. First Horizon Corp bought a new stake in shares of Powell Industries in the 4th quarter worth about $40,000. Larson Financial Group LLC increased its position in shares of Powell Industries by 12,800.0% in the 4th quarter. Larson Financial Group LLC now owns 129 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 128 shares during the last quarter. Finally, Huntington National Bank increased its position in shares of Powell Industries by 74.0% in the 4th quarter. Huntington National Bank now owns 134 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 57 shares during the last quarter. Institutional investors own 89.77% of the company’s stock.

Powell Industries Stock Performance

NASDAQ POWL opened at $283.51 on Wednesday. Powell Industries, Inc. has a one year low of $56.70 and a one year high of $328.00. The company has a 50-day simple moving average of $260.00 and a 200-day simple moving average of $185.56. The firm has a market capitalization of $10.33 billion, a PE ratio of 55.48, a price-to-earnings-growth ratio of 3.83 and a beta of 1.11.

Powell Industries (NASDAQ:POWL) last posted 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 business had revenue of $296.62 million during the quarter, compared to analyst estimates of $298.12 million. During the same period last year, the firm posted $3.81 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts forecast that Powell Industries, Inc. will post 5.47 earnings per share for the current year.

Powell Industries Cuts Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on POWL shares. Zacks Research downgraded shares of Powell Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Wall Street Zen downgraded shares of Powell Industries from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Glj Research started coverage on shares of Powell Industries in a report on Thursday, March 5th. They issued a “hold” rating and a $150.00 price target for the company. Texas Capital raised shares of Powell Industries to a “strong-buy” rating in a report on Friday, March 27th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Powell Industries from $310.00 to $360.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $236.67.

Insider Activity

In other Powell Industries news, VP William Marshall Mauney, Jr. sold 2,500 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $323.69, for a total transaction of $809,225.00. Following the completion of the transaction, the vice president directly owned 10,853 shares of the company’s stock, valued at $3,513,007.57. The trade was a 18.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brett Alan Cope sold 4,440 shares of the business’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $233.96, for a total transaction of $1,038,782.40. Following the transaction, the chief executive officer directly owned 164,851 shares of the company’s stock, valued at $38,568,539.96. The trade was a 2.62% 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 sold a total of 179,404 shares of company stock worth $32,086,304 over the last three months. Insiders own 2.20% of the company’s stock.

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.