Powell Industries Inc. (NASDAQ:POWL) Director Christopher E. Cragg sold 1,000 shares of the stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $38.15, for a total value of $38,150.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Powell Industries Inc. (NASDAQ:POWL) opened at 38.55 on Thursday. Powell Industries Inc. has a 52 week low of $23.00 and a 52 week high of $41.10. The company has a 50-day moving average price of $38.73 and a 200-day moving average price of $34.92. The stock has a market cap of $439.20 million, a price-to-earnings ratio of 27.28 and a beta of 0.78.

Powell Industries (NASDAQ:POWL) last announced its earnings results on Tuesday, August 2nd. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.35. The company had revenue of $133.20 million for the quarter, compared to analyst estimates of $126.74 million. Powell Industries had a return on equity of 6.18% and a net margin of 2.73%. The firm’s quarterly revenue was down 24.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 earnings per share. Equities research analysts anticipate that Powell Industries Inc. will post $1.41 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Wednesday, August 17th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Monday, August 15th. Powell Industries’s payout ratio is 73.24%.

Several analysts have recently commented on POWL shares. Zacks Investment Research upgraded Powell Industries from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Saturday, July 16th. Sidoti lowered Powell Industries from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a report on Wednesday, July 6th.

Several institutional investors have recently bought and sold shares of the company. BlackRock Fund Advisors increased its position in Powell Industries by 1.1% in the first quarter. BlackRock Fund Advisors now owns 581,579 shares of the company’s stock valued at $17,337,000 after buying an additional 6,177 shares during the period. Prudential Financial Inc. increased its position in Powell Industries by 38.1% in the first quarter. Prudential Financial Inc. now owns 28,617 shares of the company’s stock valued at $853,000 after buying an additional 7,900 shares during the period. Granite Investment Partners LLC acquired a new position in Powell Industries during the first quarter valued at approximately $1,407,000. Renaissance Technologies LLC increased its position in Powell Industries by 60.4% in the first quarter. Renaissance Technologies LLC now owns 150,800 shares of the company’s stock valued at $4,495,000 after buying an additional 56,800 shares during the period. Finally, DUPONT CAPITAL MANAGEMENT Corp acquired a new position in Powell Industries during the second quarter valued at approximately $603,000. Institutional investors and hedge funds 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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