Axa S.A. Buys Shares of 9,746 Powell Industries, Inc. (NASDAQ:POWL)

Axa S.A. purchased a new position in shares of Powell Industries, Inc. (NASDAQ:POWL) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 9,746 shares of the industrial products company’s stock, valued at approximately $1,398,000. Axa S.A. owned approximately 0.08% of Powell Industries at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Caxton Associates LP boosted its holdings in shares of Powell Industries by 403.0% during the second quarter. Caxton Associates LP now owns 7,485 shares of the industrial products company’s stock worth $1,073,000 after purchasing an additional 5,997 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in Powell Industries by 7.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 20,285 shares of the industrial products company’s stock worth $2,909,000 after buying an additional 1,332 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Powell Industries in the 2nd quarter worth about $72,000. Public Employees Retirement Association of Colorado purchased a new stake in Powell Industries in the 2nd quarter valued at about $149,000. Finally, Seven Eight Capital LP purchased a new position in shares of Powell Industries during the 2nd quarter worth about $376,000. Institutional investors and hedge funds own 89.77% of the company’s stock.

Powell Industries Trading Up 1.3 %

POWL stock opened at $221.99 on Tuesday. The stock has a 50-day moving average price of $170.15 and a two-hundred day moving average price of $159.08. The company has a market cap of $2.66 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 1.30 and a beta of 0.87. Powell Industries, Inc. has a 12-month low of $72.51 and a 12-month high of $226.00.

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

Powell Industries Dividend Announcement

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

Insider Buying and Selling

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

Wall Street Analyst Weigh In

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

About Powell Industries

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.