Orion Porfolio Solutions LLC Lowers Stock Holdings in Powell Industries, Inc. $POWL

Orion Porfolio Solutions LLC reduced its position in Powell Industries, Inc. (NASDAQ:POWL) by 30.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,899 shares of the industrial products company’s stock after selling 5,300 shares during the quarter. Orion Porfolio Solutions LLC owned about 0.10% of Powell Industries worth $3,627,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Truist Financial Corp raised its position in shares of Powell Industries by 42.9% in the third quarter. Truist Financial Corp now owns 15,041 shares of the industrial products company’s stock worth $4,585,000 after buying an additional 4,519 shares in the last quarter. Tema Etfs LLC grew its position in Powell Industries by 281.6% during the third quarter. Tema Etfs LLC now owns 53,170 shares of the industrial products company’s stock worth $16,207,000 after buying an additional 39,238 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in Powell Industries by 6.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 89,669 shares of the industrial products company’s stock worth $27,332,000 after acquiring an additional 5,455 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Powell Industries by 32.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 56,620 shares of the industrial products company’s stock worth $17,961,000 after acquiring an additional 14,013 shares during the last quarter. Finally, Littlejohn Financial Services Inc. purchased a new stake in shares of Powell Industries in the 3rd quarter valued at about $1,078,000. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Powell Industries Price Performance

Shares of POWL stock opened at $483.65 on Monday. The stock has a market capitalization of $5.87 billion, a PE ratio of 31.43, a P/E/G ratio of 2.20 and a beta of 0.82. Powell Industries, Inc. has a 1-year low of $152.40 and a 1-year high of $612.50. The business has a 50-day moving average of $465.25 and a 200 day moving average of $370.79.

Powell Industries (NASDAQ:POWL) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $3.40 EPS for the quarter, topping the consensus estimate of $2.85 by $0.55. The company had revenue of $251.18 million for the quarter, compared to the consensus estimate of $255.34 million. Powell Industries had a net margin of 16.82% and a return on equity of 30.64%. 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 firm earned $2.86 earnings per share. Analysts anticipate that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 18th will be issued a $0.27 dividend. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, February 18th. This represents a $1.08 annualized dividend and a yield of 0.2%. Powell Industries’s dividend payout ratio (DPR) is 7.02%.

Insiders Place Their Bets

In related news, major shareholder Thomas W. Powell sold 318 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $560.37, for a total transaction of $178,197.66. Following the completion of the transaction, the insider owned 650,472 shares in the company, valued at $364,504,994.64. This represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP William Marshall Mauney, Jr. sold 3,000 shares of the firm’s 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 completion of the sale, the vice president directly owned 4,451 shares of the company’s stock, valued at $1,476,530.23. The trade was a 40.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,158 shares of company stock valued at $17,160,352 in the last 90 days. 2.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Roth Mkm reiterated a “buy” rating and set a $350.00 price target on shares of Powell Industries in a research report on Wednesday, November 19th. Glj Research began coverage on shares of Powell Industries in a research report on Thursday. They issued a “hold” rating and a $450.00 price objective on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Powell Industries in a research report on Monday, December 29th. Wall Street Zen cut shares of Powell Industries from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Cantor Fitzgerald increased their price target on shares of Powell Industries from $427.00 to $481.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $427.00.

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.