Powell Industries, Inc. (POWL) To Go Ex-Dividend on May 20th

Powell Industries, Inc. (NASDAQ:POWL) declared a quarterly dividend on Tuesday, May 5th. Investors of record on Wednesday, May 20th will be given a dividend of 0.09 per share by the industrial products company on Wednesday, June 17th. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, May 20th.

Powell Industries has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 3 years. Powell Industries has a payout ratio of 2.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Powell Industries to earn $6.84 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 5.3%.

Powell Industries Price Performance

Shares of POWL stock opened at $292.65 on Monday. The stock has a market capitalization of $10.66 billion, a price-to-earnings ratio of 57.27, a PEG ratio of 3.82 and a beta of 1.14. The company’s fifty day simple moving average is $222.53 and its two-hundred day simple moving average is $165.89. Powell Industries has a 1 year low of $54.75 and a 1 year high of $328.00.

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

Insider Transactions at Powell Industries

In related news, CEO Brett Alan Cope sold 4,440 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $233.96, for a total value of $1,038,782.40. Following the completion of the sale, the chief executive officer owned 164,851 shares in the company, valued at $38,568,539.96. The trade was a 2.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Richard E. Williams sold 5,250 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $299.19, for a total transaction of $1,570,747.50. Following the completion of the sale, the director directly owned 39,630 shares of the company’s stock, valued at $11,856,899.70. This represents a 11.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 183,835 shares of company stock worth $32,915,210. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Powell Industries

A number of institutional investors have recently modified their holdings of POWL. Greenline Wealth Management LLC bought a new stake in Powell Industries in the fourth quarter valued at $29,000. Avanza Fonder AB purchased a new stake in shares of Powell Industries in the 4th quarter worth about $30,000. State of Wyoming bought a new position in shares of Powell Industries in the 2nd quarter worth about $33,000. Steward Partners Investment Advisory LLC lifted its position in 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 acquiring an additional 63 shares during the period. Finally, First Horizon Corp bought a new stake in Powell Industries during the fourth quarter worth about $40,000. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

About Powell Industries

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.