Thomas W. Powell Sells 25,000 Shares of Powell Industries, Inc. (NASDAQ:POWL) Stock

Powell Industries, Inc. (NASDAQ:POWL) major shareholder Thomas W. Powell sold 25,000 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $213.56, for a total transaction of $5,339,000.00. Following the sale, the insider now owns 682,265 shares in the company, valued at $145,704,513.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Powell Industries Trading Up 1.5 %

Powell Industries stock opened at $219.09 on Friday. The firm has a market capitalization of $2.63 billion, a P/E ratio of 26.02, a P/E/G ratio of 1.29 and a beta of 0.87. The stock’s fifty day simple moving average is $168.46 and its 200-day simple moving average is $158.74. Powell Industries, Inc. has a twelve month low of $72.51 and a twelve month high of $223.96.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $1.63. Powell Industries had a return on equity of 33.09% and a net margin of 13.77%. The company had revenue of $288.17 million for the quarter, compared to analyst estimates of $222.18 million. During the same quarter last year, the company earned $1.52 EPS. Powell Industries’s revenue for the quarter was up 49.8% compared to the same quarter last year. Sell-side analysts predict that Powell Industries, Inc. will post 12.01 earnings per share for the current year.

Powell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 0.48%. The ex-dividend date was Wednesday, August 14th. Powell Industries’s dividend payout ratio (DPR) is presently 12.59%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Powell Industries from a “buy” rating to a “hold” rating in a research note on Tuesday.

Institutional Investors Weigh In On Powell Industries

A number of hedge funds and other institutional investors have recently modified their holdings of POWL. GAMMA Investing LLC grew its stake in shares of Powell Industries by 38.2% during the second quarter. GAMMA Investing LLC now owns 286 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 79 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in Powell Industries during the 2nd quarter worth about $47,000. Quarry LP acquired a new position in shares of Powell Industries during the 2nd quarter worth about $48,000. Plato Investment Management Ltd purchased a new position in shares of Powell Industries in the 1st quarter valued at about $50,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Powell Industries during the 2nd quarter worth about $72,000. 89.77% of the stock is currently owned by institutional investors and hedge funds.

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.