11,181 Shares in Powell Industries, Inc. (NASDAQ:POWL) Acquired by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC bought a new stake in shares of Powell Industries, Inc. (NASDAQ:POWL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,181 shares of the industrial products company’s stock, valued at approximately $988,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Precision Wealth Strategies LLC boosted its position in Powell Industries by 4.6% during the fourth quarter. Precision Wealth Strategies LLC now owns 3,255 shares of the industrial products company’s stock valued at $288,000 after purchasing an additional 142 shares during the last quarter. Valmark Advisers Inc. increased its holdings in Powell Industries by 82.2% in the fourth quarter. Valmark Advisers Inc. now owns 8,552 shares of the industrial products company’s stock worth $756,000 after buying an additional 3,857 shares during the last quarter. Yousif Capital Management LLC raised its position in Powell Industries by 11.0% during the fourth quarter. Yousif Capital Management LLC now owns 5,047 shares of the industrial products company’s stock valued at $446,000 after acquiring an additional 499 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Powell Industries by 20.4% in the fourth quarter. New York State Common Retirement Fund now owns 4,277 shares of the industrial products company’s stock valued at $378,000 after acquiring an additional 724 shares during the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of Powell Industries during the 4th quarter worth $206,000. Institutional investors and hedge funds own 89.77% of the company’s stock.

Insider Buying and Selling at Powell Industries

In other news, major shareholder Thomas W. Powell sold 6,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $151.36, for a total value of $908,160.00. Following the sale, the insider now directly owns 714,643 shares of the company’s stock, valued at $108,168,364.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Thomas W. Powell sold 6,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $151.36, for a total value of $908,160.00. Following the completion of the sale, the insider now directly owns 714,643 shares of the company’s stock, valued at $108,168,364.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Thomas W. Powell sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $174.38, for a total transaction of $871,900.00. Following the completion of the sale, the insider now owns 1,688,628 shares in the company, valued at approximately $294,462,950.64. The disclosure for this sale can be found here. Insiders sold 30,000 shares of company stock worth $4,850,830 over the last ninety days. Company insiders own 2.20% of the company’s stock.

Powell Industries Trading Down 4.5 %

Powell Industries stock traded down $6.66 during trading hours on Tuesday, reaching $143.00. 330,101 shares of the company were exchanged, compared to its average volume of 322,902. Powell Industries, Inc. has a 12 month low of $39.65 and a 12 month high of $197.87. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 1.41 and a beta of 0.80. The stock has a 50-day moving average of $147.95 and a 200 day moving average of $111.35.

Powell Industries (NASDAQ:POWL) last posted its earnings results on Tuesday, January 30th. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.98. The business had revenue of $194.00 million for the quarter, compared to analyst estimates of $182.04 million. Powell Industries had a net margin of 10.10% and a return on equity of 22.30%. Powell Industries’s revenue was up 53.0% compared to the same quarter last year. During the same period last year, the business posted $0.10 EPS. As a group, research analysts forecast that Powell Industries, Inc. will post 7.54 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Powell Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 1st.

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.