15 hours Ago By Defense World Staff
Powell Industries ( NASDAQ:POWL – Get Free Report ) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. POWL has been the topic of several other research reports.
Roth Mkm assumed coverage on Powell Industries in a research report on Wednesday, December 11th. They set a “buy” rating and a $312.00 target price on the stock.
Roth Capital raised Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th. Get Our Latest Analysis on POWL Powell Industries Stock Performance Insiders Place Their Bets In other Powell Industries news, major shareholder Thomas W. Powell sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 8th.
The stock was sold at an average price of $347.74, for a total value of $1,738,700.00.
Following the completion of the sale, the insider now owns 677,265 shares of the company’s stock, valued at approximately $235,512,131.10. This trade represents a 0.
73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Over the last three months, insiders have sold 35,000 shares of company stock valued at $9,340,842.
2.20% of the stock is currently owned by insiders. Hedge Funds Weigh In On Powell Industries Several hedge funds have recently modified their holdings of POWL.
Wellington Management Group LLP purchased a new stake in Powell Industries during the 3rd quarter worth approximately $30,038,000. Victory Capital Management Inc. increased its position in shares of Powell Industries by 1,119.
3% in the 3rd quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company’s stock valued at $21,886,000 after acquiring an additional 90,504 shares during the period.
Driehaus Capital Management LLC purchased a new position in Powell Industries in the 2nd quarter worth $11,658,000. Stephens Investment Management Group LLC acquired a new stake in Powell Industries during the 3rd quarter worth about $13,606,000. Finally, Sanctuary Advisors LLC purchased a new stake in Powell Industries during the 3rd quarter valued at about $12,176,000.
Institutional investors and hedge funds own 89.77% of the company’s stock. Powell Industries Company Profile ( Get Free Report ) 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. Featured Stories Five stocks we like better than Powell Industries How to Evaluate a Stock Before Buying Top 3 Reasons to Invest in This Bond ETF for Stability and Growth Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index 2 Drone Stocks Surging from Increased Media Attention What Investors Need to Know About Upcoming IPOs Ciena Rebounds: AI and Strong Guidance Drive Post-Earnings Surge Receive News & Ratings for Powell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Powell Industries and related companies with MarketBeat.com's FREE daily email newsletter .
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