Syon Capital LLC Has $2.09 Million Stock Position in Powell Industries, Inc. $POWL

Syon Capital LLC lifted its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 187.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,295 shares of the industrial products company’s stock after purchasing an additional 4,755 shares during the period. Syon Capital LLC’s holdings in Powell Industries were worth $2,089,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. denkapparat Operations GmbH grew its stake in shares of Powell Industries by 200.0% in the second quarter. denkapparat Operations GmbH now owns 1,536 shares of the industrial products company’s stock valued at $440,000 after buying an additional 1,024 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in Powell Industries by 782.4% during the second quarter. Concurrent Investment Advisors LLC now owns 17,993 shares of the industrial products company’s stock worth $5,152,000 after acquiring an additional 15,954 shares in the last quarter. Waycross Investment Management Co acquired a new stake in Powell Industries in the second quarter valued at $259,000. Nykredit A S bought a new position in shares of Powell Industries in the 2nd quarter valued at about $277,000. Finally, Symphony Financial Ltd. Co. bought a new position in shares of Powell Industries in the 2nd quarter valued at about $527,000. Institutional investors and hedge funds own 89.77% of the company’s stock.

Powell Industries Trading Up 3.4%

Shares of POWL opened at $181.17 on Friday. The firm’s 50 day moving average is $216.71 and its 200-day moving average is $230.49. Powell Industries, Inc. has a 12 month low of $86.36 and a 12 month high of $328.00. The stock has a market capitalization of $6.60 billion, a PE ratio of 34.77, a P/E/G ratio of 2.33 and a beta of 1.18.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings data 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). The company had revenue of $311.74 million during the quarter, compared to analyst estimates of $316.70 million. Powell Industries had a net margin of 16.49% and a return on equity of 27.51%. Powell Industries’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.96 earnings per share. Equities research analysts predict that Powell Industries, Inc. will post 5.36 earnings per share for the current fiscal year.

Powell Industries Announces Dividend

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

Insider Buying and Selling

In related news, EVP Michael Metcalf sold 4,500 shares of Powell Industries stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 78,900 shares of the company’s stock, valued at $22,458,096. This trade represents a 5.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Thomas W. Powell sold 33,958 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $294.49, for a total transaction of $10,000,291.42. Following the transaction, the insider owned 564,736 shares of the company’s stock, valued at approximately $166,309,104.64. This represents a 5.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 42,898 shares of company stock worth $12,353,653. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.