Truist Financial Corp Increases Position in Powell Industries, Inc. $POWL

Truist Financial Corp lifted its stake in Powell Industries, Inc. (NASDAQ:POWL) by 42.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,041 shares of the industrial products company’s stock after acquiring an additional 4,519 shares during the period. Truist Financial Corp’s holdings in Powell Industries were worth $4,585,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its stake in Powell Industries by 31.7% in the second quarter. First Trust Advisors LP now owns 371,016 shares of the industrial products company’s stock valued at $78,080,000 after purchasing an additional 89,407 shares during the last quarter. State Street Corp boosted its holdings in shares of Powell Industries by 0.9% in the 2nd quarter. State Street Corp now owns 352,103 shares of the industrial products company’s stock valued at $74,100,000 after buying an additional 3,159 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Powell Industries by 23.2% in the 2nd quarter. Invesco Ltd. now owns 340,008 shares of the industrial products company’s stock valued at $71,555,000 after buying an additional 64,029 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Powell Industries by 2.5% in the 2nd quarter. Geode Capital Management LLC now owns 237,715 shares of the industrial products company’s stock worth $50,033,000 after buying an additional 5,725 shares during the last quarter. Finally, Ophir Asset Management Pty Ltd raised its stake in shares of Powell Industries by 71.3% during the 2nd quarter. Ophir Asset Management Pty Ltd now owns 185,127 shares of the industrial products company’s stock worth $42,696,000 after acquiring an additional 77,031 shares in the last quarter. Institutional investors own 89.77% of the company’s stock.

Powell Industries News Roundup

Here are the key news stories impacting Powell Industries this week:

• Positive Sentiment: EPS beat — Powell reported $3.40 GAAP diluted EPS vs. the Zacks/consensus estimate of $2.85, signaling stronger profitability and support for the stock’s move higher. Powell Industries (POWL) Tops Q1 Earnings Estimates
• Positive Sentiment: Strong bookings and backlog — New orders jumped to $439M (+63% YoY) and backlog rose to $1.6B, including megaproject wins in data centers and an LNG award, improving forward revenue visibility and supporting growth expectations. Powell Industries Announces First Quarter Fiscal 2026 Results
• Positive Sentiment: Dividend modestly raised — Board approved a quarterly cash dividend of $0.27 (annualized $1.08), payable March 18, reinforcing shareholder return policy and signaling confidence in cash flow. Powell Industries Declares an Increase to the Quarterly Cash Dividend
• Positive Sentiment: Margins, cash and balance sheet — Gross margin expanded to 28.4%, net income rose ~19% to $41M, and cash & short-term investments were about $501M with no debt, giving financial flexibility for execution and capital allocation. Powell Industries, Inc. Reports Strong First Quarter Fiscal 2026 Results with Increased Revenues and New Orders
• Neutral Sentiment: Revenue and seasonality — Revenue was $251.2M (up 4% YoY) but slightly below some analyst revenue expectations and down sequentially (typical seasonality), which tempers the headline beat. View Press Release
• Negative Sentiment: Insider selling noted — Recent reports show multiple insider sales in recent months; while not proof of company issues, persistent insider selling can create investor concern about near-term insider sentiment. Powell Industries, Inc. Announces Increase in Quarterly Cash Dividend to $0.27 per Share

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Powell Industries from a “buy” rating to a “hold” rating in a research note on Monday, January 19th. Roth Mkm reiterated a “buy” rating and set a $350.00 price objective 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 report on Monday, December 29th. Finally, Cantor Fitzgerald started coverage on Powell Industries in a research report on Friday, January 23rd. They set a “neutral” rating and a $427.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $388.50.

Powell Industries Stock Performance

Shares of POWL stock opened at $453.24 on Wednesday. Powell Industries, Inc. has a fifty-two week low of $146.02 and a fifty-two week high of $471.79. The firm has a market capitalization of $5.50 billion, a PE ratio of 30.52, a P/E/G ratio of 2.04 and a beta of 0.85. The stock’s 50-day simple moving average is $367.47 and its 200-day simple moving average is $321.48.

Powell Industries (NASDAQ:POWL) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.55. The firm had revenue of $251.18 million for the quarter, compared to analyst estimates of $255.34 million. Powell Industries had a return on equity of 31.80% and a net margin of 16.37%.Powell Industries’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.86 earnings per share. Sell-side analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Insider Activity at Powell Industries

In other 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 value of $995,190.00. Following the sale, the vice president directly owned 4,451 shares of the company’s stock, valued at $1,476,530.23. This represents a 40.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is owned by company insiders.

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.