Transform Wealth LLC Trims Stock Position in Powell Industries, Inc. (NASDAQ:POWL)

Transform Wealth LLC lessened its position in shares of Powell Industries, Inc. (NASDAQ:POWL) by 0.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,627,909 shares of the industrial products company’s stock after selling 100 shares during the period. Powell Industries comprises 16.8% of Transform Wealth LLC’s portfolio, making the stock its largest position. Transform Wealth LLC owned 13.49% of Powell Industries worth $277,282,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. CX Institutional acquired a new stake in shares of Powell Industries during the 1st quarter worth approximately $227,000. GAMMA Investing LLC raised its position in shares of Powell Industries by 29.8% during the 1st quarter. GAMMA Investing LLC now owns 601 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 138 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Powell Industries by 412.8% during the 1st quarter. Harbor Capital Advisors Inc. now owns 21,095 shares of the industrial products company’s stock worth $3,593,000 after purchasing an additional 16,981 shares during the period. Wesbanco Bank Inc. acquired a new stake in shares of Powell Industries during the 1st quarter worth approximately $818,000. Finally, Vest Financial LLC acquired a new stake in shares of Powell Industries during the 1st quarter worth approximately $817,000. Institutional investors own 89.77% of the company’s stock.

Powell Industries Price Performance

POWL opened at $185.76 on Wednesday. Powell Industries, Inc. has a 12 month low of $127.01 and a 12 month high of $364.98. The stock has a market cap of $2.24 billion, a P/E ratio of 14.10, a P/E/G ratio of 0.98 and a beta of 0.73. The stock’s 50 day moving average price is $177.92 and its 200 day moving average price is $206.61.

Powell Industries (NASDAQ:POWL) last posted its earnings results on Tuesday, May 6th. The industrial products company reported $3.81 EPS for the quarter, beating the consensus estimate of $3.34 by $0.47. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. The firm had revenue of $278.63 million for the quarter, compared to analysts’ expectations of $282.68 million. During the same period last year, the firm earned $2.75 EPS. The firm’s revenue was up 9.2% compared to the same quarter last year. Equities analysts anticipate that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be paid a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Wednesday, May 21st. Powell Industries’s dividend payout ratio is presently 7.52%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Powell Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th.

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.