Bay Rivers Group boosted its holdings in Powell Industries, Inc. (NASDAQ:POWL – Free Report) by 199.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,988 shares of the industrial products company’s stock after acquiring an additional 3,986 shares during the period. Bay Rivers Group’s holdings in Powell Industries were worth $1,715,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in the business. Greenline Wealth Management LLC purchased a new position in Powell Industries during the 4th quarter valued at about $29,000. Hollencrest Capital Management purchased a new stake in shares of Powell Industries in the first quarter valued at about $54,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Powell Industries by 183.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 105 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 68 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Powell Industries by 126.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 113 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 63 shares during the last quarter. Finally, First Horizon Corp acquired a new stake in shares of Powell Industries in the fourth quarter valued at approximately $40,000. 89.77% of the stock is currently owned by hedge funds and other institutional investors.
Powell Industries Price Performance
NASDAQ:POWL opened at $211.56 on Monday. The firm has a market cap of $7.71 billion, a PE ratio of 40.61, a P/E/G ratio of 2.83 and a beta of 1.18. The firm has a 50 day simple moving average of $256.35 and a 200-day simple moving average of $226.73. Powell Industries, Inc. has a 1-year low of $77.73 and a 1-year high of $328.00.
Powell Industries Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, August 19th. Powell Industries’s dividend payout ratio is currently 6.91%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on POWL. Cantor Fitzgerald raised their price objective on shares of Powell Industries from $160.00 to $320.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Weiss Ratings lowered Powell Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. increased their target price on Powell Industries from $310.00 to $360.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Glj Research raised Powell Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Finally, Zacks Research cut Powell Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $236.67.
Check Out Our Latest Stock Report on POWL
Powell Industries News Roundup
Here are the key news stories impacting Powell Industries this week:
- Positive Sentiment: J.P. Morgan reaffirmed its Buy rating on Powell Industries, providing continued Wall Street support for the stock. J.P. Morgan Reaffirms Their Buy Rating on Powell Industries
- Positive Sentiment: Sidoti raised its EPS forecasts for several periods, including Q1 2027 to $1.28, Q2 2027 to $1.54, FY2027 to $6.95, Q1 2028 to $1.56, Q2 2028 to $1.87 and FY2028 to $7.98. The increases indicate expectations for improving earnings over the medium and long term. Sidoti Powell Industries Estimates
- Neutral Sentiment: The estimate changes were mixed overall: Sidoti lowered FY2026 EPS to $5.40 from $5.67 and cut Q4 2026 EPS to $1.59 from $1.78, but maintained a stronger longer-term trajectory with FY2027 and FY2028 earnings forecasts of $6.95 and $7.98, respectively.
- Negative Sentiment: A Seeking Alpha analysis characterized Powell Industries as a potential “bull trap,” arguing that AI- and utility-related growth expectations may already be reflected in the stock’s valuation. With a reported price-to-earnings ratio above 40, valuation risk could weigh on the shares if earnings growth disappoints. Powell Industries: Bull Trap Over AI/Utility-Driven Growth At Hefty Price
Insiders Place Their Bets
In related news, Director Richard E. Williams sold 5,250 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $299.19, for a total value of $1,570,747.50. Following the completion of the transaction, the director directly owned 39,630 shares in the company, valued at approximately $11,856,899.70. This represents a 11.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brett Alan Cope sold 4,440 shares of the stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $241.55, for a total value of $1,072,482.00. Following the transaction, the chief executive officer owned 517,233 shares in the company, valued at $124,937,631.15. This trade represents a 0.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,588 shares of company stock worth $15,260,841 over the last ninety days. Company insiders own 2.20% of the company’s stock.
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.
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