GW Henssler & Associates Ltd. Makes New $238,000 Investment in Powell Industries, Inc. (NASDAQ:POWL)

GW Henssler & Associates Ltd. purchased a new stake in shares of Powell Industries, Inc. (NASDAQ:POWL) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,072 shares of the industrial products company’s stock, valued at approximately $238,000.

Other hedge funds have also modified their holdings of the company. Transform Wealth LLC grew its stake in shares of Powell Industries by 25,920.5% in the 2nd quarter. Transform Wealth LLC now owns 1,674,162 shares of the industrial products company’s stock valued at $240,075,000 after buying an additional 1,667,728 shares in the last quarter. Driehaus Capital Management LLC bought a new stake in Powell Industries in the second quarter worth approximately $11,658,000. Envestnet Asset Management Inc. bought a new stake in Powell Industries in the second quarter worth approximately $6,713,000. American Century Companies Inc. increased its stake in shares of Powell Industries by 15.0% during the 2nd quarter. American Century Companies Inc. now owns 274,388 shares of the industrial products company’s stock worth $39,347,000 after purchasing an additional 35,818 shares during the last quarter. Finally, Spirepoint Private Client LLC bought a new position in shares of Powell Industries during the 1st quarter valued at $3,533,000. 89.77% of the stock is owned by institutional investors and hedge funds.

Powell Industries Stock Performance

Shares of NASDAQ POWL opened at $261.36 on Wednesday. The business’s 50-day simple moving average is $212.19 and its 200-day simple moving average is $176.38. Powell Industries, Inc. has a 52 week low of $74.04 and a 52 week high of $284.45. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 1.46 and a beta of 0.88.

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

Analyst Upgrades and Downgrades

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

Insider Activity at Powell Industries

In other Powell Industries news, major shareholder Thomas W. Powell sold 2,451 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $262.10, for a total transaction of $642,407.10. Following the completion of the transaction, the insider now owns 1,628,328 shares of the company’s stock, valued at $426,784,768.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Thomas W. Powell sold 17,549 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $256.33, for a total value of $4,498,335.17. Following the sale, the insider now owns 1,630,779 shares in the company, valued at approximately $418,017,581.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Thomas W. Powell sold 2,451 shares of the business’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $262.10, for a total transaction of $642,407.10. Following the transaction, the insider now directly owns 1,628,328 shares in the company, valued at $426,784,768.80. This trade represents a 0.00 % decrease in their position. 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. 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.