Baader Bank Aktiengesellschaft Acquires Shares of 1,558 Powell Industries, Inc. $POWL

Baader Bank Aktiengesellschaft bought a new stake in Powell Industries, Inc. (NASDAQ:POWL) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,558 shares of the industrial products company’s stock, valued at approximately $474,000.

Several other institutional investors and hedge funds have also modified their holdings of POWL. Voss Capital LP acquired a new stake in Powell Industries in the second quarter valued at about $38,904,000. First Trust Advisors LP lifted its holdings in shares of 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 worth $78,080,000 after acquiring an additional 89,407 shares during the last quarter. Ophir Asset Management Pty Ltd boosted its stake in shares of Powell Industries by 71.3% in the 2nd quarter. Ophir Asset Management Pty Ltd now owns 185,127 shares of the industrial products company’s stock valued at $42,696,000 after purchasing an additional 77,031 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Powell Industries by 23.2% during the 2nd quarter. Invesco Ltd. now owns 340,008 shares of the industrial products company’s stock valued at $71,555,000 after purchasing an additional 64,029 shares during the last quarter. Finally, Hodges Capital Management Inc. acquired a new position in Powell Industries during the 2nd quarter worth approximately $10,171,000. 89.77% of the stock is currently owned by institutional investors.

Powell Industries Trading Up 0.1%

Shares of POWL opened at $592.90 on Friday. Powell Industries, Inc. has a 12 month low of $146.02 and a 12 month high of $612.50. The firm’s fifty day simple moving average is $401.44 and its two-hundred day simple moving average is $336.47. The stock has a market capitalization of $7.20 billion, a P/E ratio of 38.53, a price-to-earnings-growth ratio of 2.69 and a beta of 0.85.

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

Powell Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 18th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $1.08 annualized dividend and a dividend yield of 0.2%. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend payout ratio (DPR) is 6.95%.

Insider Buying and Selling

In related news, VP William Marshall Mauney, Jr. sold 3,000 shares of the stock in a transaction on Friday, December 19th. The stock was sold at an average price of $331.73, for a total value of $995,190.00. Following the transaction, the vice president directly owned 4,451 shares in the company, valued at $1,476,530.23. This trade represents a 40.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ping Ni sold 70 shares of Powell Industries stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $590.00, for a total transaction of $41,300.00. Following the completion of the sale, the insider directly owned 2,023 shares of the company’s stock, valued at approximately $1,193,570. The trade was a 3.34% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 3,365 shares of company stock valued at $1,204,640. 2.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Cantor Fitzgerald raised their target price on shares of Powell Industries from $427.00 to $481.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Wall Street Zen downgraded Powell Industries from a “buy” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Powell Industries in a report on Monday, December 29th. Finally, Roth Mkm reiterated a “buy” rating and issued a $350.00 target price on shares of Powell Industries in a research report on Wednesday, November 19th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $415.50.

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.