Michael William Metcalf Sells 3,200 Shares of Powell Industries (NASDAQ:POWL) Stock

Powell Industries, Inc. (NASDAQ:POWL) EVP Michael William Metcalf sold 3,200 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $298.74, for a total transaction of $955,968.00. Following the completion of the transaction, the executive vice president owned 25,700 shares of the company’s stock, valued at $7,677,618. This trade represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Michael William Metcalf also recently made the following trade(s):

• On Friday, June 27th, Michael William Metcalf sold 3,921 shares of Powell Industries stock. The stock was sold at an average price of $210.55, for a total value of $825,566.55.
• On Thursday, June 26th, Michael William Metcalf sold 2,533 shares of Powell Industries stock. The stock was sold at an average price of $200.05, for a total value of $506,726.65.

Powell Industries Trading Down 3.4%

Shares of NASDAQ POWL opened at $283.73 on Friday. The stock’s 50-day moving average is $261.14 and its 200 day moving average is $211.30. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 1.46 and a beta of 0.85. Powell Industries, Inc. has a 1-year low of $146.02 and a 1-year high of $364.98.

Powell Industries (NASDAQ:POWL) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $3.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.23. The business had revenue of $286.27 million during the quarter, compared to analyst estimates of $301.69 million. Powell Industries had a return on equity of 33.16% and a net margin of 16.22%.Powell Industries’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.79 earnings per share. On average, analysts forecast that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were given a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, August 20th. Powell Industries’s dividend payout ratio (DPR) is presently 7.43%.

Institutional Trading of Powell Industries

Institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc bought a new position in shares of Powell Industries during the first quarter valued at about $25,000. Elevation Point Wealth Partners LLC purchased a new stake in Powell Industries during the 2nd quarter valued at about $33,000. State of Wyoming bought a new position in Powell Industries during the 2nd quarter worth approximately $33,000. Brooklyn Investment Group grew its position in Powell Industries by 168.8% during the 1st quarter. Brooklyn Investment Group now owns 172 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 108 shares during the last quarter. Finally, Manchester Capital Management LLC increased its stake in Powell Industries by 42.9% in the 2nd quarter. Manchester Capital Management LLC now owns 200 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 60 shares during the period. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

Powell Industries Company Profile

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.