Public Employees Retirement Association of Colorado Purchases Shares of 1,036 Powell Industries, Inc. (NASDAQ:POWL)

Public Employees Retirement Association of Colorado acquired a new stake in shares of Powell Industries, Inc. (NASDAQ:POWL) during the 2nd quarter, Holdings Channel reports. The firm acquired 1,036 shares of the industrial products company’s stock, valued at approximately $149,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Transform Wealth LLC raised its stake in Powell Industries by 25,920.5% during the 2nd quarter. Transform Wealth LLC now owns 1,674,162 shares of the industrial products company’s stock worth $240,075,000 after buying an additional 1,667,728 shares during the period. Vanguard Group Inc. raised its position in shares of Powell Industries by 2.7% during the first quarter. Vanguard Group Inc. now owns 656,428 shares of the industrial products company’s stock worth $93,410,000 after purchasing an additional 17,177 shares during the period. American Century Companies Inc. lifted its holdings in shares of Powell Industries by 15.0% in the 2nd quarter. American Century Companies Inc. now owns 274,388 shares of the industrial products company’s stock worth $39,347,000 after purchasing an additional 35,818 shares in the last quarter. Bank of New York Mellon Corp grew its position in Powell Industries by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 99,517 shares of the industrial products company’s stock valued at $14,271,000 after purchasing an additional 1,015 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Powell Industries by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 74,898 shares of the industrial products company’s stock worth $6,621,000 after buying an additional 1,033 shares during the last quarter. Institutional investors own 89.77% of the company’s stock.

Powell Industries Stock Performance

Shares of POWL opened at $219.09 on Monday. The firm has a market capitalization of $2.63 billion, a P/E ratio of 26.02, a P/E/G ratio of 1.30 and a beta of 0.87. Powell Industries, Inc. has a 52 week low of $72.51 and a 52 week high of $223.96. The stock has a 50 day moving average price of $168.46 and a two-hundred day moving average price of $158.66.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $1.63. Powell Industries had a net margin of 13.77% and a return on equity of 33.09%. The firm had revenue of $288.17 million for the quarter, compared to the consensus estimate of $222.18 million. During the same period in the previous year, the firm earned $1.52 EPS. The business’s revenue for the quarter was up 49.8% compared to the same quarter last year. On average, equities analysts forecast that Powell Industries, Inc. will post 12.01 earnings per share for the current year.

Powell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 14th were paid a $0.265 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.06 annualized dividend and a yield of 0.48%. Powell Industries’s dividend payout ratio (DPR) is 12.59%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Powell Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th.

Insiders Place Their Bets

In other news, major shareholder Thomas W. Powell sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $213.56, for a total value of $5,339,000.00. Following the completion of the transaction, the insider now directly owns 682,265 shares of the company’s stock, valued at $145,704,513.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Powell Industries news, major shareholder Thomas W. Powell sold 25,000 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $213.56, for a total value of $5,339,000.00. Following the transaction, the insider now owns 682,265 shares of the company’s stock, valued at $145,704,513.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Brett Alan Cope sold 2,750 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $142.31, for a total value of $391,352.50. Following the sale, the chief executive officer now directly owns 148,737 shares of the company’s stock, valued at $21,166,762.47. The disclosure for this sale can be found here. Insiders have sold a total of 38,100 shares of company stock valued at $7,563,552 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Powell Industries Company Profile

Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems. The company's principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.