Advisors Management Group Inc. ADV Makes New $3.74 Million Investment in Powell Industries, Inc. (NASDAQ:POWL)

Advisors Management Group Inc. ADV purchased a new stake in shares of Powell Industries, Inc. (NASDAQ:POWL) in the third quarter, HoldingsChannel reports. The institutional investor purchased 16,851 shares of the industrial products company’s stock, valued at approximately $3,741,000.

Several other hedge funds and other institutional investors also recently modified their holdings of POWL. Transform Wealth LLC raised its stake in Powell Industries by 25,920.5% in the second quarter. Transform Wealth LLC now owns 1,674,162 shares of the industrial products company’s stock valued at $240,075,000 after purchasing an additional 1,667,728 shares in the last quarter. Vanguard Group Inc. grew its position in Powell Industries by 2.7% in the first quarter. Vanguard Group Inc. now owns 656,428 shares of the industrial products company’s stock worth $93,410,000 after acquiring an additional 17,177 shares in the last quarter. American Century Companies Inc. increased its stake in Powell Industries by 15.0% in the second quarter. American Century Companies Inc. now owns 274,388 shares of the industrial products company’s stock valued at $39,347,000 after acquiring an additional 35,818 shares during the last quarter. Bank of New York Mellon Corp raised its position in Powell Industries by 1.0% during the second 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 in the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in Powell Industries during the second quarter worth about $11,658,000. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Powell Industries from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd.

Powell Industries Stock Performance

POWL stock opened at $347.77 on Thursday. The company has a market capitalization of $4.17 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 1.54 and a beta of 0.86. Powell Industries, Inc. has a one year low of $75.05 and a one year high of $350.48. The company’s 50 day moving average price is $224.48 and its two-hundred day moving average price is $182.60.

Insider Activity at Powell Industries

In other Powell Industries news, major shareholder Thomas W. Powell sold 2,451 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $262.10, for a total value of $642,407.10. Following the completion of the sale, the insider now directly owns 1,628,328 shares of the company’s stock, valued at $426,784,768.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder Thomas W. Powell sold 2,451 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $262.10, for a total transaction of $642,407.10. Following the transaction, the insider now directly owns 1,628,328 shares in the company, valued at $426,784,768.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brett Alan Cope sold 2,750 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $162.42, for a total value of $446,655.00. Following the completion of the sale, the chief executive officer now owns 145,987 shares of the company’s stock, valued at $23,711,208.54. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,350 shares of company stock valued at $14,614,341. Insiders own 2.20% of the company’s stock.

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.