Michael William Metcalf Sells 3,000 Shares of Powell Industries (NASDAQ:POWL) Stock

Powell Industries, Inc. (NASDAQ:POWL) EVP Michael William Metcalf sold 3,000 shares of the business’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $528.00, for a total value of $1,584,000.00. Following the transaction, the executive vice president owned 27,800 shares in the company, valued at $14,678,400. This represents a 9.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Powell Industries Price Performance

Powell Industries stock opened at $547.81 on Friday. The business has a 50 day moving average price of $525.62 and a two-hundred day moving average price of $405.29. Powell Industries, Inc. has a 12 month low of $152.89 and a 12 month high of $612.50. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 35.60, a price-to-earnings-growth ratio of 2.38 and a beta of 0.81.

Powell Industries’s stock is going to split before the market opens on Monday, April 6th. The 3-1 split was recently announced. The newly created shares will be issued to shareholders after the closing bell on Sunday, April 5th.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.55. The company had revenue of $251.18 million for the quarter, compared to analyst estimates of $255.34 million. Powell Industries had a return on equity of 30.64% and a net margin of 16.82%.Powell Industries’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.86 EPS. On average, analysts expect that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 18th were paid a dividend of $0.27 per share. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.08 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Wednesday, February 18th. Powell Industries’s dividend payout ratio is presently 7.02%.

Analyst Ratings Changes

POWL has been the subject of a number of recent research reports. Texas Capital upgraded shares of Powell Industries to a “strong-buy” rating in a research note on Friday, March 27th. Glj Research assumed coverage on shares of Powell Industries in a research note on Thursday, March 5th. They issued a “hold” rating and a $450.00 target price on the stock. Wall Street Zen lowered shares of Powell Industries from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Cantor Fitzgerald raised their price target on shares of Powell Industries from $427.00 to $481.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Powell Industries in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Powell Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $427.00.

Institutional Investors Weigh In On Powell Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alps Advisors Inc. boosted its stake in Powell Industries by 1.1% in the fourth quarter. Alps Advisors Inc. now owns 1,599 shares of the industrial products company’s stock worth $510,000 after purchasing an additional 18 shares in the last quarter. CWM LLC increased its stake in shares of Powell Industries by 2.0% in the fourth quarter. CWM LLC now owns 1,219 shares of the industrial products company’s stock valued at $389,000 after buying an additional 24 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Powell Industries by 3.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 686 shares of the industrial products company’s stock valued at $219,000 after buying an additional 25 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in shares of Powell Industries by 2.0% in the fourth quarter. Maryland State Retirement & Pension System now owns 1,380 shares of the industrial products company’s stock valued at $440,000 after buying an additional 27 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its holdings in shares of Powell Industries by 2.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 1,048 shares of the industrial products company’s stock valued at $319,000 after buying an additional 29 shares during the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds.

About Powell Industries

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.