Aurora Investment Counsel significantly reduced its stake in Powell Industries (NASDAQ:POWL) by 37.4% in Q3, selling 4,522 shares and retaining 7,578 shares valued at $2.31 million. This reduction aligns with recent insider selling activity, where insiders disposed of over 28,000 shares worth $16.33 million. Despite institutional selling, Powell Industries reported strong quarterly results, beating EPS estimates, increasing its dividend, and maintaining a “Moderate Buy” consensus rating from analysts with a target price of $415.50.
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Aurora Investment Counsel Decreases Holdings in Powell Industries, Inc. $POWL
Aurora Investment Counsel significantly reduced its stake in Powell Industries (NASDAQ:POWL) by 37.4% in Q3, selling 4,522 shares and retaining 7,578 shares valued at $2.31 million. This reduction aligns with recent insider selling activity, where insiders disposed of over 28,000 shares worth $16.33 million. Despite institutional selling, Powell Industries reported strong quarterly results, beating EPS estimates, increasing its dividend, and maintaining a “Moderate Buy” consensus rating from analysts with a target price of $415.50.