Powell Industries (NASDAQ:POWL) Insider Sells 70 Shares

Powell Industries, Inc. (NASDAQ:POWL) insider Ping Ni sold 70 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $590.00, for a total value of $41,300.00. Following the transaction, the insider owned 2,023 shares of the company’s stock, valued at $1,193,570. The trade was a 3.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Powell Industries Stock Up 0.1%

Powell Industries stock traded up $0.55 during midday trading on Thursday, reaching $592.90. The stock had a trading volume of 260,223 shares, compared to its average volume of 327,197. The firm has a market capitalization of $7.20 billion, a PE ratio of 38.53, a P/E/G ratio of 2.59 and a beta of 0.85. The firm’s 50-day moving average price is $396.32 and its 200 day moving average price is $334.68. Powell Industries, Inc. has a 12 month low of $146.02 and a 12 month high of $612.50.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.55. Powell Industries had a net margin of 16.82% and a return on equity of 30.64%. The company had revenue of $251.18 million for the quarter, compared to analysts’ expectations of $255.34 million. During the same period in the prior year, the company posted $2.86 EPS. Powell Industries’s revenue was up 4.1% compared to the same quarter last year. Equities research analysts expect that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 18th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.2%. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, February 18th. Powell Industries’s dividend payout ratio (DPR) is presently 6.95%.

Wall Street Analyst Weigh In

Several research analysts have commented on POWL shares. Roth Mkm restated a “buy” rating and issued a $350.00 target price on shares of Powell Industries in a research note on Wednesday, November 19th. Cantor Fitzgerald raised their price objective on shares of Powell Industries from $427.00 to $481.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Powell Industries in a research note on Monday, December 29th. Finally, Wall Street Zen lowered shares of Powell Industries from a “buy” rating to a “hold” rating in a report on Monday, January 19th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Powell Industries presently has a consensus rating of “Moderate Buy” and an average target price of $415.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Avanza Fonder AB purchased a new stake in Powell Industries in the fourth quarter valued at approximately $30,000. Elevation Point Wealth Partners LLC bought a new position in shares of Powell Industries in the 2nd quarter worth $33,000. State of Wyoming bought a new position in shares of Powell Industries in the 2nd quarter worth $33,000. Steward Partners Investment Advisory LLC raised its position in shares of Powell Industries by 126.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 113 shares of the industrial products company’s stock valued at $36,000 after buying an additional 63 shares in the last quarter. Finally, First Horizon Corp purchased a new position in Powell Industries in the fourth quarter worth $40,000. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Powell Industries Company Profile

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.