Powell Industries (NASDAQ:POWL) VP Sells $809,225.00 in Stock

Powell Industries, Inc. (NASDAQ:POWL) VP William Marshall Mauney, Jr. sold 2,500 shares of Powell Industries stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $323.69, for a total transaction of $809,225.00. Following the completion of the transaction, the vice president directly owned 10,853 shares of the company’s stock, valued at approximately $3,513,007.57. This trade represents a 18.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Powell Industries Price Performance

Shares of POWL opened at $292.65 on Friday. The firm has a 50-day moving average of $222.53 and a 200-day moving average of $165.60. Powell Industries, Inc. has a one year low of $54.75 and a one year high of $328.00. The company has a market cap of $10.66 billion, a PE ratio of 57.27, a price-to-earnings-growth ratio of 3.88 and a beta of 1.14.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings data on Monday, May 4th. The industrial products company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.09). Powell Industries had a net margin of 16.51% and a return on equity of 28.61%. The firm had revenue of $296.62 million during the quarter, compared to the consensus estimate of $298.12 million. During the same period last year, the business earned $3.81 EPS. The business’s revenue was up 6.5% on a year-over-year basis. Analysts expect that Powell Industries, Inc. will post 5.47 earnings per share for the current year.

Powell Industries Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $0.36 annualized dividend and a dividend yield of 0.1%. Powell Industries’s payout ratio is presently 7.05%.

Institutional Trading of Powell Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the business. OMERS ADMINISTRATION Corp raised its stake in Powell Industries by 4.3% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 5,835 shares of the industrial products company’s stock worth $3,157,000 after purchasing an additional 240 shares in the last quarter. Waverly Advisors LLC acquired a new stake in Powell Industries in the 1st quarter worth about $207,000. Entropy Technologies LP raised its stake in Powell Industries by 17.9% in the 1st quarter. Entropy Technologies LP now owns 1,320 shares of the industrial products company’s stock worth $714,000 after purchasing an additional 200 shares in the last quarter. Renaissance Technologies LLC raised its stake in Powell Industries by 229.4% in the 1st quarter. Renaissance Technologies LLC now owns 34,694 shares of the industrial products company’s stock worth $18,772,000 after purchasing an additional 24,160 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Powell Industries by 111.0% in the 1st quarter. Sei Investments Co. now owns 16,199 shares of the industrial products company’s stock worth $8,765,000 after purchasing an additional 8,522 shares in the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on POWL shares. Texas Capital raised shares of Powell Industries to a “strong-buy” rating in a report on Friday, March 27th. Wall Street Zen downgraded shares of Powell Industries from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Cantor Fitzgerald lifted their target price on shares of Powell Industries from $160.00 to $320.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Zacks Research downgraded shares of Powell Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Glj Research started coverage on shares of Powell Industries in a report on Thursday, March 5th. They set a “hold” rating and a $150.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $236.67.

Powell Industries Company Profile

Powell Industries, Inc is an industrial electrical engineering company specializing in the design, manufacture and integration of customized power control and distribution solutions. The firm’s offerings range from medium‐voltage switchgear and power control centers to bus duct, motor control centers and specialty transformers. Powell also provides automation systems, protective relaying, metering, supervisory control and data acquisition (SCADA) platforms, and turnkey engineering services to help clients manage critical power infrastructure.

Serving the oil and gas, petrochemical, refining, utility, mining and industrial sectors, Powell’s products are engineered to meet demanding performance, safety and reliability requirements.