Advisors Management Group Inc. ADV Boosts Stock Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Advisors Management Group Inc. ADV lifted its position in shares of Powell Industries, Inc. (NASDAQ:POWL) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,207 shares of the industrial products company’s stock after acquiring an additional 356 shares during the period. Advisors Management Group Inc. ADV owned approximately 0.14% of Powell Industries worth $3,814,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd grew its stake in shares of Powell Industries by 21.8% in the third quarter. Covestor Ltd now owns 229 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 41 shares during the period. Chartwell Investment Partners LLC boosted its holdings in Powell Industries by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 7,711 shares of the industrial products company’s stock worth $1,712,000 after purchasing an additional 60 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Powell Industries by 110.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company’s stock valued at $44,000 after buying an additional 105 shares during the last quarter. Diversified Trust Co raised its stake in Powell Industries by 7.1% during the 3rd quarter. Diversified Trust Co now owns 1,733 shares of the industrial products company’s stock valued at $385,000 after buying an additional 115 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Powell Industries by 64.3% during the 3rd quarter. KBC Group NV now owns 322 shares of the industrial products company’s stock valued at $71,000 after buying an additional 126 shares during the period. 89.77% of the stock is owned by institutional investors.

Powell Industries Stock Performance

NASDAQ POWL opened at $249.24 on Thursday. The business’s fifty day moving average is $265.25 and its 200 day moving average is $216.68. Powell Industries, Inc. has a fifty-two week low of $76.29 and a fifty-two week high of $364.98. The company has a market capitalization of $3.01 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.21 and a beta of 0.88.

Powell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 20th were paid a dividend of $0.265 per share. The ex-dividend date was Wednesday, November 20th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.43%. Powell Industries’s dividend payout ratio (DPR) is presently 8.62%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on POWL. Roth Mkm initiated coverage on Powell Industries in a research report on Wednesday, December 11th. They set a “buy” rating and a $312.00 price objective for the company. Roth Capital upgraded shares of Powell Industries to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, StockNews.com raised shares of Powell Industries from a “hold” rating to a “buy” rating in a report on Tuesday.

Insider Buying and Selling

In related news, major shareholder Thomas W. Powell sold 5,000 shares of Powell Industries stock in a transaction on Friday, November 8th. The shares were sold at an average price of $347.74, for a total transaction of $1,738,700.00. Following the transaction, the insider now owns 677,265 shares in the company, valued at approximately $235,512,131.10. The trade was a 0.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is currently owned by insiders.

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.