Jackson Creek Investment Advisors LLC Makes New $988,000 Investment in Powell Industries, Inc. (NASDAQ:POWL)

Jackson Creek Investment Advisors LLC purchased a new stake in Powell Industries, Inc. (NASDAQ:POWL) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 11,181 shares of the industrial products company’s stock, valued at approximately $988,000. Jackson Creek Investment Advisors LLC owned 0.09% of Powell Industries at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Covestor Ltd lifted its position in Powell Industries by 121.1% during the third quarter. Covestor Ltd now owns 796 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 436 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Powell Industries during the 3rd quarter valued at about $137,000. Private Trust Co. NA purchased a new stake in Powell Industries in the fourth quarter valued at about $192,000. Cornerstone Investment Partners LLC purchased a new stake in shares of Powell Industries during the fourth quarter worth about $206,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Powell Industries during the third quarter valued at about $208,000. 89.77% of the stock is owned by institutional investors.

Powell Industries Price Performance

NASDAQ:POWL traded down $6.66 during trading hours on Tuesday, reaching $143.00. The company had a trading volume of 330,101 shares, compared to its average volume of 322,902. The business’s 50 day moving average price is $147.95 and its 200-day moving average price is $111.35. The firm has a market cap of $1.72 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 1.41 and a beta of 0.80. Powell Industries, Inc. has a 1-year low of $39.65 and a 1-year high of $197.87.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.98. The company had revenue of $194.00 million for the quarter, compared to analyst estimates of $182.04 million. Powell Industries had a return on equity of 22.30% and a net margin of 10.10%. The firm’s revenue for the quarter was up 53.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 EPS. On average, analysts expect that Powell Industries, Inc. will post 7.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity at Powell Industries

In other Powell Industries news, major shareholder Thomas W. Powell sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $174.38, for a total value of $871,900.00. Following the transaction, the insider now directly owns 1,688,628 shares of the company’s stock, valued at approximately $294,462,950.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related 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 transaction 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 approximately $108,168,364.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Thomas W. Powell sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 1,688,628 shares of the company’s stock, valued at approximately $294,462,950.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,000 shares of company stock valued at $4,850,830. Corporate insiders own 2.20% of the company’s stock.

Powell Industries 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.