Advisors Management Group Inc. ADV Acquires New Shares in Powell Industries, Inc. (NASDAQ:POWL)

Advisors Management Group Inc. ADV bought a new position in Powell Industries, Inc. (NASDAQ:POWL) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 16,851 shares of the industrial products company’s stock, valued at approximately $3,741,000. Advisors Management Group Inc. ADV owned approximately 0.14% of Powell Industries as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of POWL. GAMMA Investing LLC grew its holdings in 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 acquiring an additional 79 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Powell Industries by 110.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company’s stock worth $44,000 after buying an additional 105 shares during the period. Picton Mahoney Asset Management acquired a new position in shares of Powell Industries during the second quarter valued at about $47,000. Quarry LP bought a new position in Powell Industries in the second quarter worth approximately $48,000. Finally, Plato Investment Management Ltd bought a new position in shares of Powell Industries in the first quarter valued at $50,000. 89.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Powell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd.

Powell Industries Price Performance

NASDAQ POWL opened at $347.77 on Thursday. The business’s fifty day moving average is $224.48 and its 200-day moving average is $182.60. Powell Industries, Inc. has a one year low of $75.05 and a one year high of $350.48. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 1.54 and a beta of 0.86.

Insider Activity at Powell Industries

In other Powell Industries news, major shareholder Thomas W. Powell sold 25,000 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $213.56, for a total value of $5,339,000.00. Following the sale, the insider now directly owns 682,265 shares in the company, valued at $145,704,513.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Powell Industries news, major shareholder Thomas W. Powell sold 25,000 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $213.56, for a total transaction of $5,339,000.00. Following the completion of the transaction, the insider now owns 682,265 shares in the company, valued at $145,704,513.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brett Alan Cope sold 2,750 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $162.42, for a total transaction of $446,655.00. Following the completion of the sale, the chief executive officer now directly owns 145,987 shares in the company, valued at approximately $23,711,208.54. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,350 shares of company stock worth $14,614,341. 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.