Nissay Asset Management Corp Japan lifted its holdings in Powell Industries, Inc. (NASDAQ:POWL – Free Report) by 333.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,607 shares of the industrial products company’s stock after purchasing an additional 18,161 shares during the quarter. Nissay Asset Management Corp Japan owned about 0.06% of Powell Industries worth $6,760,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new position in Powell Industries during the 1st quarter valued at about $43,000. Greenline Wealth Management LLC acquired a new stake in Powell Industries in the fourth quarter worth about $29,000. Hollencrest Capital Management purchased a new stake in shares of Powell Industries during the first quarter worth about $54,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Powell Industries by 183.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 105 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 68 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Powell Industries by 126.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 113 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 63 shares in the last quarter. 89.77% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, EVP Michael William Metcalf sold 4,500 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $284.64, for a total transaction of $1,280,880.00. Following the completion of the transaction, the executive vice president directly owned 78,900 shares in the company, valued at $22,458,096. The trade was a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brett Alan Cope sold 4,440 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $241.55, for a total transaction of $1,072,482.00. Following the completion of the sale, the chief executive officer directly owned 517,233 shares in the company, valued at approximately $124,937,631.15. The trade was a 0.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 42,898 shares of company stock valued at $12,353,653 over the last 90 days. Insiders own 2.20% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on POWL
Powell Industries Stock Performance
Shares of POWL stock opened at $182.71 on Monday. The stock’s 50-day simple moving average is $228.78 and its 200-day simple moving average is $231.42. The firm has a market capitalization of $6.66 billion, a PE ratio of 35.07, a P/E/G ratio of 2.43 and a beta of 1.18. Powell Industries, Inc. has a fifty-two week low of $83.85 and a fifty-two week high of $328.00.
Powell Industries (NASDAQ:POWL – Get Free Report) last released its earnings results on Monday, August 3rd. The industrial products company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.07). Powell Industries had a return on equity of 27.51% and a net margin of 16.49%.The firm had revenue of $311.74 million for the quarter, compared to analyst estimates of $316.70 million. During the same period last year, the firm earned $3.96 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. Sell-side analysts forecast that Powell Industries, Inc. will post 5.36 earnings per share for the current year.
Powell Industries Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.2%. Powell Industries’s dividend payout ratio is presently 6.91%.
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.
Recommended Stories
- Five stocks we like better than Powell Industries
- Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally
- Rubrik’s AI Security Bet Could Power the Next Leg Higher
- Apple’s Foldable iPhone Could Be a Catalyst, But Not a Cure-All
- Snowflake Is Up Nearly 50% in 2026—What Are Short Sellers Betting Against?
Receive News & Ratings for Powell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Powell Industries and related companies with MarketBeat.com's FREE daily email newsletter.
