Powell Industries, Inc. (NASDAQ:POWL) Director Sells $828,950.00 in Stock

Powell Industries, Inc. (NASDAQ:POWL) Director Katheryn Baucom Curtis sold 5,000 shares of Powell Industries stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $165.79, for a total transaction of $828,950.00. Following the transaction, the director now owns 5,260 shares of the company’s stock, valued at approximately $872,055.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Powell Industries Stock Up 0.2 %

NASDAQ POWL opened at $158.12 on Thursday. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 1.26 and a beta of 0.79. Powell Industries, Inc. has a fifty-two week low of $50.93 and a fifty-two week high of $197.87. The business has a fifty day moving average of $147.45 and a 200-day moving average of $115.05.

Powell Industries (NASDAQ:POWL) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.86. Powell Industries had a net margin of 12.05% and a return on equity of 27.93%. The firm had revenue of $255.10 million during the quarter, compared to the consensus estimate of $201.45 million. During the same quarter in the previous year, the company posted $0.70 EPS. The firm’s revenue for the quarter was up 48.8% on a year-over-year basis. As a group, analysts anticipate that Powell Industries, Inc. will post 9.04 EPS for the current year.

Powell Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 15th will be paid a $0.265 dividend. This is a boost from Powell Industries’s previous quarterly dividend of $0.26. This represents a $1.06 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, May 14th. Powell Industries’s payout ratio is presently 12.59%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Jetstream Capital LLC purchased a new position in Powell Industries during the third quarter worth about $2,902,000. Raymond James & Associates purchased a new position in Powell Industries during the fourth quarter worth approximately $1,085,000. Stratos Wealth Partners LTD. grew its stake in shares of Powell Industries by 119.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 17,253 shares of the industrial products company’s stock valued at $1,525,000 after buying an additional 9,393 shares during the period. Invesco Ltd. increased its holdings in shares of Powell Industries by 28.1% during the 3rd quarter. Invesco Ltd. now owns 156,952 shares of the industrial products company’s stock worth $13,011,000 after buying an additional 34,455 shares during the last quarter. Finally, FMR LLC boosted its holdings in Powell Industries by 1,377.9% in the third quarter. FMR LLC now owns 138,597 shares of the industrial products company’s stock valued at $11,490,000 after acquiring an additional 129,219 shares during the last quarter. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Powell Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 1st.

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.