Public Sector Pension Investment Board Has $4.41 Million Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Public Sector Pension Investment Board decreased its holdings in Powell Industries, Inc. (NASDAQ:POWL) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,885 shares of the industrial products company’s stock after selling 400 shares during the quarter. Public Sector Pension Investment Board owned 0.17% of Powell Industries worth $4,414,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Hollencrest Capital Management bought a new position in shares of Powell Industries in the third quarter worth $30,000. Quest Partners LLC bought a new position in Powell Industries in the 3rd quarter valued at about $35,000. GAMMA Investing LLC raised its position in shares of Powell Industries by 38.2% in the 2nd quarter. GAMMA Investing LLC now owns 286 shares of the industrial products company’s stock valued at $41,000 after buying an additional 79 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings 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 acquiring an additional 105 shares during the period. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Powell Industries during the 2nd quarter worth approximately $47,000. Institutional investors own 89.77% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Powell Industries from a “buy” rating to a “hold” rating in a research note on Saturday, November 23rd.

Powell Industries Stock Up 2.8 %

Powell Industries stock opened at $274.80 on Tuesday. The stock has a market cap of $3.30 billion, a PE ratio of 22.36, a P/E/G ratio of 1.36 and a beta of 0.86. Powell Industries, Inc. has a 12-month low of $75.05 and a 12-month high of $364.98. The business’s 50-day moving average price is $268.98 and its two-hundred day moving average price is $199.78.

Powell Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, November 20th. Powell Industries’s dividend payout ratio (DPR) is presently 8.62%.

Insider Buying and Selling

In related news, major shareholder Thomas W. Powell sold 10,000 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $246.14, for a total transaction of $2,461,400.00. Following the sale, the insider now owns 1,658,328 shares in the company, valued at $408,180,853.92. The trade was a 0.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 60,000 shares of company stock worth $14,679,842 in the last three months. 2.20% of the stock is owned by corporate 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.