Roman Butler Fullerton & Co. Makes New $608,000 Investment in Powell Industries, Inc. (NASDAQ:POWL)

Roman Butler Fullerton & Co. bought a new stake in Powell Industries, Inc. (NASDAQ:POWL) during the third quarter, HoldingsChannel.com reports. The firm bought 2,737 shares of the industrial products company’s stock, valued at approximately $608,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. acquired a new stake in Powell Industries in the third quarter valued at about $446,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Powell Industries by 6.9% in the third quarter. Harbor Capital Advisors Inc. now owns 4,604 shares of the industrial products company’s stock worth $1,022,000 after acquiring an additional 296 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Powell Industries by 110.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 105 shares in the last quarter. Stephens Investment Management Group LLC bought a new stake in shares of Powell Industries during the 3rd quarter valued at approximately $13,606,000. Finally, Bay Rivers Group acquired a new position in Powell Industries during the 3rd quarter worth approximately $248,000. Institutional investors own 89.77% of the company’s stock.

Powell Industries Stock Up 9.5 %

Shares of POWL stock opened at $279.33 on Monday. Powell Industries, Inc. has a twelve month low of $75.05 and a twelve month high of $284.45. The stock’s fifty day simple moving average is $217.07 and its 200 day simple moving average is $178.90. The firm has a market capitalization of $3.35 billion, a P/E ratio of 26.13, a P/E/G ratio of 1.46 and a beta of 0.86.

Insider Activity

In related news, CEO Brett Alan Cope sold 2,750 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $162.42, for a total value of $446,655.00. Following the completion of the transaction, the chief executive officer now owns 145,987 shares in the company, valued at $23,711,208.54. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Brett Alan Cope sold 2,750 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $162.42, for a total value of $446,655.00. Following the completion of the sale, the chief executive officer now directly owns 145,987 shares in the company, valued at $23,711,208.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Thomas W. Powell sold 2,451 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $262.10, for a total value of $642,407.10. Following the completion of the sale, the insider now 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. Over the last three months, insiders have sold 64,350 shares of company stock valued at $14,614,341. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Powell Industries Company 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.