Powell Industries, Inc. (NASDAQ:POWL) Shares Bought by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. grew its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 34.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,947 shares of the industrial products company’s stock after acquiring an additional 2,827 shares during the period. Great Valley Advisor Group Inc. owned about 0.09% of Powell Industries worth $2,430,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of POWL. Hollencrest Capital Management purchased a new position in Powell Industries during the 3rd quarter valued at about $30,000. Quest Partners LLC purchased a new position in shares of Powell Industries during the 3rd quarter worth approximately $35,000. GAMMA Investing LLC raised its position in shares of Powell Industries by 38.2% during the 2nd quarter. GAMMA Investing LLC now owns 286 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 79 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Powell Industries by 110.5% in 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 in the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in Powell Industries during the 2nd quarter valued at $47,000. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Insiders Place Their Bets

In other Powell Industries news, Director James W. Mcgill sold 6,600 shares of Powell Industries stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $185.84, for a total value of $1,226,544.00. Following the completion of the sale, the director now owns 9,660 shares in the company, valued at $1,795,214.40. The trade was a 40.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Thomas W. Powell sold 5,000 shares of the stock in a transaction dated Friday, November 8th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 66,600 shares of company stock valued at $15,906,386. Company insiders own 2.20% of the company’s stock.

Powell Industries Trading Up 0.7 %

NASDAQ:POWL opened at $289.88 on Monday. Powell Industries, Inc. has a 12-month low of $75.05 and a 12-month high of $364.98. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 1.47 and a beta of 0.86. The company’s 50-day moving average is $260.58 and its two-hundred day moving average is $196.09.

Powell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 20th will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.06 dividend on an annualized basis and a yield of 0.37%. Powell Industries’s dividend payout ratio (DPR) is currently 8.62%.

Analysts Set New Price Targets

Separately, StockNews.com cut Powell Industries from a “buy” rating to a “hold” rating in a report on Saturday.

Powell Industries 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.