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 the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $165.79, for a total value of $828,950.00. Following the sale, the director now directly owns 5,260 shares of the company’s stock, valued at approximately $872,055.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Powell Industries Price Performance

Shares of NASDAQ POWL traded down $3.82 during mid-day trading on Tuesday, reaching $157.76. The company’s stock had a trading volume of 206,059 shares, compared to its average volume of 332,377. The firm has a market capitalization of $1.89 billion, a PE ratio of 19.19, a P/E/G ratio of 1.26 and a beta of 0.79. The stock has a fifty day moving average of $148.08 and a two-hundred day moving average of $114.16. Powell Industries, Inc. has a 52 week low of $49.34 and a 52 week high of $197.87.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.86. The firm had revenue of $255.10 million during the quarter, compared to analyst estimates of $201.45 million. Powell Industries had a return on equity of 27.93% and a net margin of 12.05%. The business’s quarterly revenue was up 48.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.70 earnings per share. Analysts anticipate that Powell Industries, Inc. will post 9.04 EPS for the current fiscal year.

Powell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 15th will be paid a $0.265 dividend. This is a positive change from Powell Industries’s previous quarterly dividend of $0.26. The ex-dividend date is Tuesday, May 14th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.67%. Powell Industries’s dividend payout ratio is 12.59%.

Institutional Investors Weigh In On Powell Industries

A number of hedge funds have recently made changes to their positions in POWL. AJOVista LLC purchased a new stake in shares of Powell Industries in the fourth quarter worth about $29,000. Covestor Ltd raised its position in Powell Industries by 121.1% during the third quarter. Covestor Ltd now owns 796 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 436 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Powell Industries during the third quarter valued at approximately $137,000. Invst LLC purchased a new stake in Powell Industries during the fourth quarter valued at approximately $161,000. Finally, Private Trust Co. NA purchased a new stake in Powell Industries during the fourth quarter valued at approximately $192,000. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

About Powell Industries

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.