Guidance Capital Inc. Invests $674,000 in Powell Industries, Inc. (NASDAQ:POWL)

Guidance Capital Inc. purchased a new position in Powell Industries, Inc. (NASDAQ:POWL) during the 1st quarter, HoldingsChannel reports. The fund purchased 4,739 shares of the industrial products company’s stock, valued at approximately $674,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC increased its position in Powell Industries by 1,377.9% during the third quarter. FMR LLC now owns 138,597 shares of the industrial products company’s stock worth $11,490,000 after purchasing an additional 129,219 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Powell Industries by 169.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 73,865 shares of the industrial products company’s stock valued at $6,123,000 after acquiring an additional 46,413 shares during the last quarter. American Century Companies Inc. increased its position in shares of Powell Industries by 79.8% during the third quarter. American Century Companies Inc. now owns 101,858 shares of the industrial products company’s stock valued at $8,444,000 after acquiring an additional 45,209 shares during the last quarter. Qube Research & Technologies Ltd increased its position in shares of Powell Industries by 621.0% during the third quarter. Qube Research & Technologies Ltd now owns 47,187 shares of the industrial products company’s stock valued at $3,912,000 after acquiring an additional 40,642 shares during the last quarter. Finally, Jetstream Capital LLC acquired a new stake in shares of Powell Industries during the third quarter valued at about $2,902,000. 89.77% of the stock is owned by hedge funds and other institutional investors.

Powell Industries Stock Up 0.9 %

Shares of POWL traded up $1.31 during trading on Friday, reaching $143.40. 820,686 shares of the company traded hands, compared to its average volume of 330,568. Powell Industries, Inc. has a twelve month low of $57.78 and a twelve month high of $209.14. The stock has a market cap of $1.72 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 1.13 and a beta of 0.92. The stock has a 50-day simple moving average of $165.16 and a 200-day simple moving average of $137.68.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.86. The business had revenue of $255.10 million during the quarter, compared to analysts’ expectations of $201.45 million. Powell Industries had a net margin of 12.05% and a return on equity of 27.93%. The business’s revenue for the quarter was up 48.8% on a year-over-year basis. During the same period last year, the business earned $0.70 earnings per share. On average, equities research analysts predict that Powell Industries, Inc. will post 9.04 EPS for the current year.

Powell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, May 15th were issued a $0.265 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.74%. This is a boost from Powell Industries’s previous quarterly dividend of $0.26. Powell Industries’s payout ratio is 12.59%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a research report on Thursday, June 6th.

Insider Buying and Selling

In related news, Director Katheryn Baucom Curtis sold 5,000 shares of Powell Industries stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $165.79, for a total value of $828,950.00. Following the completion of the transaction, the director now owns 5,260 shares in the company, valued at $872,055.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Katheryn Baucom Curtis sold 5,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $165.79, for a total value of $828,950.00. Following the completion of the sale, the director now owns 5,260 shares in the company, valued at approximately $872,055.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael William Metcalf sold 5,800 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $157.52, for a total transaction of $913,616.00. Following the completion of the transaction, the executive vice president now directly owns 37,400 shares in the company, valued at $5,891,248. The disclosure for this sale can be found here. Insiders sold 31,900 shares of company stock worth $6,080,681 over the last 90 days. 2.20% of the stock is owned by insiders.

About Powell Industries

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.