Bay Rivers Group Takes $248,000 Position in Powell Industries, Inc. (NASDAQ:POWL)

Bay Rivers Group acquired a new stake in Powell Industries, Inc. (NASDAQ:POWL) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 1,117 shares of the industrial products company’s stock, valued at approximately $248,000.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Powell Industries by 38.2% during the second 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. Picton Mahoney Asset Management purchased a new stake in shares of Powell Industries during the second quarter valued at $47,000. Quarry LP acquired a new position in shares of Powell Industries in the 2nd quarter valued at $48,000. Plato Investment Management Ltd purchased a new position in Powell Industries in the 1st quarter worth $50,000. Finally, UMB Bank n.a. lifted its position in Powell Industries by 155.3% during the 3rd quarter. UMB Bank n.a. now owns 314 shares of the industrial products company’s stock worth $70,000 after acquiring an additional 191 shares during the period. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, major shareholder Thomas W. Powell sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $213.56, for a total transaction of $5,339,000.00. Following the completion of the sale, the insider now directly owns 682,265 shares in the company, valued at approximately $145,704,513.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Robert B. Callahan sold 1,000 shares of Powell Industries stock in a transaction on Monday, August 5th. The stock was sold at an average price of $160.00, for a total value of $160,000.00. Following the completion of the sale, the insider now directly owns 11,066 shares of the company’s stock, valued at approximately $1,770,560. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Thomas W. Powell sold 25,000 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $213.56, for a total value of $5,339,000.00. Following the completion of the sale, the insider now owns 682,265 shares in the company, valued at approximately $145,704,513.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,350 shares of company stock worth $14,774,341. Insiders own 2.20% of the company’s stock.

Powell Industries Trading Up 0.1 %

POWL traded up $0.14 on Tuesday, reaching $259.58. The stock had a trading volume of 130,520 shares, compared to its average volume of 365,860. Powell Industries, Inc. has a 12-month low of $74.04 and a 12-month high of $284.45. The company has a market cap of $3.11 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 1.46 and a beta of 0.88. The business’s 50-day moving average price is $210.43 and its two-hundred day moving average price is $175.42.

Powell Industries (NASDAQ:POWL) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $1.63. Powell Industries had a net margin of 13.77% and a return on equity of 33.09%. The business had revenue of $288.17 million for the quarter, compared to analyst estimates of $222.18 million. During the same quarter last year, the business earned $1.52 earnings per share. The company’s revenue for the quarter was up 49.8% compared to the same quarter last year. As a group, analysts predict that Powell Industries, Inc. will post 12.01 earnings per share for the current year.

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.