Powell Industries, Inc. (NASDAQ:POWL) VP Milburn E. Honeycutt sold 400 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $28.53, for a total transaction of $11,412.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Powell Industries, Inc. (NASDAQ:POWL) traded up $0.37 during midday trading on Friday, reaching $29.27. 210,409 shares of the company were exchanged, compared to its average volume of 42,071. Powell Industries, Inc. has a 1 year low of $22.80 and a 1 year high of $40.38.

Powell Industries (NASDAQ:POWL) last announced its earnings results on Tuesday, December 5th. The industrial products company reported ($0.42) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.23). Powell Industries had a negative return on equity of 2.65% and a negative net margin of 2.40%. The firm had revenue of $95.00 million for the quarter, compared to analyst estimates of $87.96 million. During the same quarter last year, the business posted $0.54 EPS. The firm’s revenue was down 26.8% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Tuesday, November 21st were given a dividend of $0.26 per share. The ex-dividend date was Monday, November 20th. This represents a $1.04 dividend on an annualized basis and a yield of 3.55%. Powell Industries’s dividend payout ratio (DPR) is currently -125.30%.

A number of hedge funds and other institutional investors have recently made changes to their positions in POWL. Texas Permanent School Fund boosted its position in Powell Industries by 1.0% during the second quarter. Texas Permanent School Fund now owns 6,258 shares of the industrial products company’s stock worth $200,000 after acquiring an additional 61 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in Powell Industries during the second quarter worth approximately $205,000. Wells Fargo & Company MN boosted its holdings in shares of Powell Industries by 2.3% in the 2nd quarter. Wells Fargo & Company MN now owns 6,736 shares of the industrial products company’s stock valued at $216,000 after purchasing an additional 150 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Powell Industries by 7.9% in the 2nd quarter. Bessemer Group Inc. now owns 8,200 shares of the industrial products company’s stock valued at $262,000 after purchasing an additional 600 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Powell Industries by 13.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,330 shares of the industrial products company’s stock valued at $266,000 after purchasing an additional 983 shares during the last quarter. Hedge funds and other institutional investors own 65.45% of the company’s stock.

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Powell Industries Company Profile

Powell Industries, Inc develops design, manufactures and services custom-engineered equipment and 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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