Insider Selling: Powell Industries Inc. (POWL) Director Sells 1,000 Shares of Stock
Powell Industries Inc. (NASDAQ:POWL) Director Christopher E. Cragg sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $38.15, for a total value of $38,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Powell Industries Inc. (NASDAQ:POWL) opened at 38.26 on Wednesday. The stock has a 50 day moving average price of $38.65 and a 200 day moving average price of $34.90. The company has a market capitalization of $435.90 million, a price-to-earnings ratio of 27.08 and a beta of 0.78. Powell Industries Inc. has a 52-week low of $23.00 and a 52-week high of $41.10.
Powell Industries (NASDAQ:POWL) last released its earnings results on Tuesday, August 2nd. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.35. Powell Industries had a return on equity of 6.18% and a net margin of 2.73%. The firm earned $133.20 million during the quarter, compared to analysts’ expectations of $126.74 million. During the same period in the prior year, the company earned $0.60 earnings per share. The company’s quarterly revenue was down 24.6% on a year-over-year basis. Analysts anticipate that Powell Industries Inc. will post $1.41 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Wednesday, August 17th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Monday, August 15th. Powell Industries’s payout ratio is presently 73.24%.
Several research firms have recently issued reports on POWL. Zacks Investment Research lowered Powell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Sidoti lowered Powell Industries from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research report on Wednesday, July 6th.
A number of large investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC increased its position in shares of Powell Industries by 0.4% in the second quarter. Parametric Portfolio Associates LLC now owns 21,111 shares of the company’s stock valued at $831,000 after buying an additional 78 shares during the period. BlackRock Advisors LLC increased its position in shares of Powell Industries by 3.4% in the second quarter. BlackRock Advisors LLC now owns 4,162 shares of the company’s stock valued at $164,000 after buying an additional 138 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Powell Industries by 1.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 30,484 shares of the company’s stock valued at $1,200,000 after buying an additional 462 shares during the period. Geode Capital Management LLC increased its position in shares of Powell Industries by 1.0% in the first quarter. Geode Capital Management LLC now owns 64,054 shares of the company’s stock valued at $1,909,000 after buying an additional 610 shares during the period. Finally, Guggenheim Capital LLC increased its position in shares of Powell Industries by 2.0% in the second quarter. Guggenheim Capital LLC now owns 38,607 shares of the company’s stock valued at $1,519,000 after buying an additional 754 shares during the period. Hedge funds and other institutional investors own 63.52% of the company’s stock.
About Powell Industries
Powell Industries, Inc develops, designs, manufactures and services custom-engineered equipment and systems. The Company manufactures systems for the distribution, control and monitoring of electrical energy designed to distribute, control and monitor the flow of electrical energy and provide protection to motors, transformers and other electrically powered equipment.
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