First Houston Capital adds Powell Industries (POWL) to its portfolio

Powell Industries (POWL) : First Houston Capital added new position in Powell Industries during the most recent quarter end. The investment management firm now holds 118,004 shares of Powell Industries which is valued at $4,432,230 , the company said in a statement filed on Aug 15, 2016 with the SEC.Powell Industries makes up approximately 4.00% of First Houston Capital’s portfolio.

Other Hedge Funds, Including , Jacobs Levy Equity Management Inc added POWL to its portfolio by purchasing 18,030 company shares during the most recent quarter which is valued at $677,207. Powell Industries makes up approx 0.01% of Jacobs Levy Equity Management Inc’s portfolio.Comerica Bank reduced its stake in POWL by selling 95 shares or 1.06% in the most recent quarter. The Hedge Fund company now holds 8,833 shares of POWL which is valued at $331,767. Globeflex Capital L P added POWL to its portfolio by purchasing 9,644 company shares during the most recent quarter which is valued at $362,229. Powell Industries makes up approx 0.09% of Globeflex Capital L P’s portfolio.Acrospire Investment Management boosted its stake in POWL in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 2,146 shares of Powell Industries which is valued at $78,930. Powell Industries makes up approx 0.06% of Acrospire Investment Management’s portfolio.

Powell Industries opened for trading at $39.67 and hit $39.86 on the upside on Thursday, eventually ending the session at $39.83, with a gain of 0.20% or 0.08 points. The heightened volatility saw the trading volume jump to 28,695 shares. Company has a market cap of $454 M.

On the company’s financial health, Powell Industries reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.35 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.12. The company had revenue of $133.20 million for the quarter, compared to analysts expectations of $126.74 million. The company’s revenue was down -24.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.60 EPS.

Many Wall Street Analysts have commented on Powell Industries. Sidoti Downgraded Powell Industries on Jul 6, 2016 to ” Neutral”, Price Target of the shares are set at $42.

Powell Industries Inc. (Powell) develops designs manufactures and services custom engineered-to-order equipment and systems for the management and control of electrical energy and other critical processes. The Company’s wholly owned subsidiaries include: Powell Electrical Systems Inc.; Transdyn Inc.; Powell Industries International B.V.; Switchgear & Instrumentation Limited (S&I) and Powell Canada Inc. The Company’s business operations are consolidated into two business segments: Electrical Power Products and Process Control Systems. The Electrical Power Products business segment develops designs manufactures and markets custom engineered-to-order electrical power distribution and control systems designed to distribute monitor and control the flow of electrical energy and to provide protection to motors transformers and other electrically-powered equipment.

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