Powell Industries, Inc. (NASDAQ:POWL) to Issue Quarterly Dividend of $0.26

Powell Industries, Inc. (NASDAQ:POWLGet Free Report) announced a quarterly dividend on Tuesday, January 30th, Zacks reports. Investors of record on Wednesday, February 14th will be paid a dividend of 0.262 per share by the industrial products company on Wednesday, March 13th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Tuesday, February 13th.

Powell Industries has increased its dividend by an average of 0.3% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Powell Industries has a dividend payout ratio of 14.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Powell Industries to earn $7.37 per share next year, which means the company should continue to be able to cover its $1.05 annual dividend with an expected future payout ratio of 14.2%.

Powell Industries Stock Up 2.7 %

Shares of NASDAQ POWL opened at $151.19 on Monday. The firm has a market capitalization of $1.81 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.39 and a beta of 0.71. The stock’s 50-day simple moving average is $92.05 and its two-hundred day simple moving average is $84.49. Powell Industries has a twelve month low of $38.87 and a twelve month high of $151.85.

Powell Industries (NASDAQ:POWLGet Free Report) last announced its earnings results on Tuesday, January 30th. The industrial products company reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.98. The business had revenue of $194.00 million for the quarter, compared to the consensus estimate of $182.04 million. Powell Industries had a net margin of 10.10% and a return on equity of 22.30%. Powell Industries’s quarterly revenue was up 53.0% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share. As a group, research analysts anticipate that Powell Industries will post 7.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Powell Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 1st.

Get Our Latest Analysis on POWL

Insider Transactions at Powell Industries

In related news, major shareholder Thomas W. Powell sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $90.92, for a total transaction of $454,600.00. Following the transaction, the insider now directly owns 1,748,628 shares in the company, valued at approximately $158,985,257.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder Thomas W. Powell sold 5,000 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $90.92, for a total value of $454,600.00. Following the completion of the sale, the insider now owns 1,748,628 shares of the company’s stock, valued at $158,985,257.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Thomas W. Powell sold 10,357 shares of Powell Industries stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $91.26, for a total transaction of $945,179.82. Following the sale, the insider now directly owns 1,753,628 shares in the company, valued at approximately $160,036,091.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,627 shares of company stock worth $1,709,678. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Powell Industries

Several hedge funds have recently added to or reduced their stakes in POWL. Royal Bank of Canada grew its position in Powell Industries by 7.0% during the 3rd quarter. Royal Bank of Canada now owns 8,581 shares of the industrial products company’s stock valued at $181,000 after purchasing an additional 560 shares during the last quarter. Citigroup Inc. raised its holdings in Powell Industries by 13.6% in the 1st quarter. Citigroup Inc. now owns 9,049 shares of the industrial products company’s stock worth $176,000 after acquiring an additional 1,081 shares during the last quarter. State of Wyoming raised its holdings in Powell Industries by 66.1% in the 2nd quarter. State of Wyoming now owns 2,734 shares of the industrial products company’s stock worth $166,000 after acquiring an additional 1,088 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in Powell Industries by 7.0% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 2,421 shares of the industrial products company’s stock valued at $146,000 after acquiring an additional 158 shares in the last quarter. Finally, Advisor Group Holdings Inc. purchased a new stake in Powell Industries during the 4th quarter valued at $112,000. 66.82% of the stock is owned by institutional investors.

Powell Industries Company Profile

(Get Free Report)

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.

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Dividend History for Powell Industries (NASDAQ:POWL)

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