Scientech Research LLC Lowers Stake in Powell Industries, Inc. (NASDAQ:POWL)

Scientech Research LLC lessened its holdings in Powell Industries, Inc. (NASDAQ:POWL) by 64.5% during the second quarter, Holdings Channel.com reports. The firm owned 2,301 shares of the industrial products company’s stock after selling 4,184 shares during the quarter. Scientech Research LLC’s holdings in Powell Industries were worth $330,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Powell Industries by 1.4% in the 4th 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. Virtu Financial LLC purchased a new stake in shares of Powell Industries in the fourth quarter worth $214,000. Range Financial Group LLC grew its stake in shares of Powell Industries by 18.0% in the first quarter. Range Financial Group LLC now owns 14,102 shares of the industrial products company’s stock worth $2,007,000 after acquiring an additional 2,155 shares during the last quarter. Ausbil Investment Management Ltd bought a new position in shares of Powell Industries during the first quarter valued at $631,000. Finally, Guidance Capital Inc. purchased a new position in shares of Powell Industries in the 1st quarter worth about $674,000. Institutional investors own 89.77% of the company’s stock.

Powell Industries Trading Up 1.3 %

POWL stock opened at $221.99 on Tuesday. The stock’s 50 day simple moving average is $170.15 and its 200 day simple moving average is $159.08. Powell Industries, Inc. has a 12-month low of $72.51 and a 12-month high of $226.00. The stock has a market capitalization 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 (NASDAQ:POWL) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $1.63. Powell Industries had a return on equity of 33.09% and a net margin of 13.77%. 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 prior year, the company posted $1.52 earnings per share. The company’s quarterly revenue was up 49.8% on a year-over-year basis. On average, research analysts predict that Powell Industries, Inc. will post 12.01 earnings per share for the current year.

Powell Industries Announces Dividend

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

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, CEO Brett Alan Cope sold 2,750 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $142.31, for a total transaction of $391,352.50. Following the completion of the transaction, the chief executive officer now directly owns 148,737 shares of the company’s stock, valued at $21,166,762.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Powell Industries news, major shareholder Thomas W. Powell sold 25,000 shares of the stock in a transaction dated 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 filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brett Alan Cope sold 2,750 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $142.31, for a total value of $391,352.50. Following the completion of the transaction, the chief executive officer now directly owns 148,737 shares in the company, 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 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.