Tectonic Advisors LLC Invests $1.51 Million in Powell Industries, Inc. $POWL

Tectonic Advisors LLC acquired a new stake in shares of Powell Industries, Inc. (NASDAQ:POWL) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,956 shares of the industrial products company’s stock, valued at approximately $1,511,000.

A number of other institutional investors also recently bought and sold shares of the stock. Elevation Point Wealth Partners LLC bought a new stake in Powell Industries during the second quarter valued at about $33,000. State of Wyoming bought a new position in shares of Powell Industries in the second quarter worth about $33,000. Manchester Capital Management LLC lifted its position in shares of Powell Industries by 42.9% during the 2nd quarter. Manchester Capital Management LLC now owns 200 shares of the industrial products company’s stock valued at $42,000 after buying an additional 60 shares in the last quarter. Virtus Advisers LLC purchased a new position in shares of Powell Industries during the 2nd quarter valued at about $46,000. Finally, Morgan Dempsey Capital Management LLC bought a new position in shares of Powell Industries during the 2nd quarter valued at approximately $52,000. 89.77% of the stock is owned by institutional investors.

Powell Industries Stock Performance

POWL stock opened at $352.52 on Friday. The company’s fifty day moving average price is $340.81 and its 200-day moving average price is $288.54. Powell Industries, Inc. has a one year low of $146.02 and a one year high of $413.00. The company has a market capitalization of $4.26 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 1.49 and a beta of 0.86.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results on Tuesday, November 18th. The industrial products company reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.76 by $0.46. Powell Industries had a net margin of 16.37% and a return on equity of 31.80%. The company had revenue of $297.98 million for the quarter, compared to the consensus estimate of $292.85 million. During the same period in the previous year, the firm posted $3.77 EPS. Powell Industries’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, research analysts predict that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th were given a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Wednesday, November 19th. Powell Industries’s payout ratio is currently 7.21%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Powell Industries in a research note on Monday. Wall Street Zen downgraded shares of Powell Industries from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Roth Capital restated a “buy” rating and set a $350.00 target price on shares of Powell Industries in a research note on Wednesday, November 19th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $350.00.

Insider Buying and Selling

In related news, VP William Marshall Mauney, Jr. sold 3,000 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $331.73, for a total transaction of $995,190.00. Following the completion of the transaction, the vice president directly owned 4,451 shares of the company’s stock, valued at approximately $1,476,530.23. This represents a 40.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company’s stock.

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.