Powell Industries (NASDAQ:POWL) Director Richard Williams Sells 5,250 Shares

Powell Industries, Inc. (NASDAQ:POWL) Director Richard Williams sold 5,250 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $299.19, for a total transaction of $1,570,747.50. Following the completion of the transaction, the director owned 39,630 shares of the company’s stock, valued at $11,856,899.70. This represents a 11.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Powell Industries Stock Down 1.5%

Shares of POWL opened at $292.65 on Friday. The firm has a 50-day moving average price of $222.53 and a 200 day moving average price of $165.60. The firm has a market capitalization of $10.66 billion, a PE ratio of 57.27, a P/E/G ratio of 3.88 and a beta of 1.14. Powell Industries, Inc. has a 52-week low of $54.75 and a 52-week high of $328.00.

Powell Industries (NASDAQ:POWL) last announced its earnings results on Monday, May 4th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.09). The company had revenue of $296.62 million during the quarter, compared to the consensus estimate of $298.12 million. Powell Industries had a net margin of 16.51% and a return on equity of 28.61%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.81 EPS. On average, equities analysts expect that Powell Industries, Inc. will post 5.47 EPS for the current year.

Powell Industries Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, May 20th. Powell Industries’s dividend payout ratio is currently 7.05%.

Institutional Trading of Powell Industries

Hedge funds have recently bought and sold shares of the company. Greenline Wealth Management LLC purchased a new stake in Powell Industries during the fourth quarter valued at about $29,000. Avanza Fonder AB purchased a new stake in Powell Industries during the fourth quarter valued at about $30,000. Hollencrest Capital Management purchased a new stake in Powell Industries during the first quarter valued at about $54,000. Steward Partners Investment Advisory LLC lifted its stake in Powell Industries by 126.0% during the fourth 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 stake in Powell Industries during the fourth quarter valued at about $40,000. 89.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

POWL has been the subject of a number of recent analyst reports. Glj Research initiated coverage on shares of Powell Industries in a research report on Thursday, March 5th. They issued a “hold” rating and a $150.00 target price for the company. Texas Capital upgraded shares of Powell Industries to a “strong-buy” rating in a research report on Friday, March 27th. Weiss Ratings upgraded shares of Powell Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Wall Street Zen lowered shares of Powell Industries from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Cantor Fitzgerald increased their target price on shares of Powell Industries from $160.00 to $320.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $236.67.

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.