Stratos Wealth Partners LTD. Sells 526 Shares of Powell Industries, Inc. $POWL

Stratos Wealth Partners LTD. lowered its stake in Powell Industries, Inc. (NASDAQ:POWL) by 1.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,217 shares of the industrial products company’s stock after selling 526 shares during the quarter. Stratos Wealth Partners LTD. owned about 0.27% of Powell Industries worth $6,780,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group raised its stake in Powell Industries by 168.8% during the 1st quarter. Brooklyn Investment Group now owns 172 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 108 shares during the period. Harbour Investments Inc. raised its stake in Powell Industries by 1,970.0% during the 1st quarter. Harbour Investments Inc. now owns 207 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 197 shares during the period. AlphaQuest LLC raised its stake in Powell Industries by 472.0% during the 1st quarter. AlphaQuest LLC now owns 429 shares of the industrial products company’s stock valued at $73,000 after purchasing an additional 354 shares during the period. Rossby Financial LCC bought a new stake in Powell Industries during the 1st quarter valued at approximately $112,000. Finally, GAMMA Investing LLC raised its stake in Powell Industries by 29.8% during the 1st quarter. GAMMA Investing LLC now owns 601 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 138 shares during the period. Institutional investors own 89.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Powell Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat.com, Powell Industries presently has an average rating of “Buy” and an average price target of $312.00.

Powell Industries Price Performance

NASDAQ:POWL opened at $330.71 on Friday. Powell Industries, Inc. has a 1 year low of $146.02 and a 1 year high of $364.98. The stock’s 50 day simple moving average is $286.62 and its two-hundred day simple moving average is $226.13. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.62 and a beta of 0.82.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.23. Powell Industries had a return on equity of 33.16% and a net margin of 16.22%.The business had revenue of $286.27 million for the quarter, compared to the consensus estimate of $301.69 million. During the same quarter in the previous year, the company posted $3.79 EPS. The company’s revenue was down .7% compared to the same quarter last year. As a group, 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 was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were paid a $0.2675 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $1.07 dividend on an annualized basis and a yield of 0.3%. Powell Industries’s payout ratio is presently 7.43%.

Insider Buying and Selling

In other Powell Industries news, Director John Birchall sold 3,000 shares of Powell Industries stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $260.03, for a total value of $780,090.00. Following the sale, the director owned 6,700 shares of the company’s stock, valued at $1,742,201. The trade was a 30.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael William Metcalf sold 3,200 shares of Powell Industries stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $298.74, for a total value of $955,968.00. Following the completion of the sale, the executive vice president directly owned 25,700 shares in the company, valued at approximately $7,677,618. The trade was a 11.07% decrease in their position. The disclosure for this sale can be found here. 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.