Powell Industries (NASDAQ:POWL) CEO Brett Alan Cope Sells 4,799 Shares of Stock

Powell Industries, Inc. (NASDAQ:POWL) CEO Brett Cope sold 4,799 shares of Powell Industries stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $187.67, for a total value of $900,628.33. Following the sale, the chief executive officer owned 507,934 shares in the company, valued at $95,323,973.78. This trade represents a 0.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Brett Alan Cope also recently made the following trade(s):

• On Thursday, July 9th, Brett Cope sold 4,440 shares of Powell Industries stock. The shares were sold at an average price of $241.55, for a total value of $1,072,482.00.

Powell Industries Trading Up 2.9%

Shares of NASDAQ POWL traded up $5.50 during trading hours on Friday, reaching $196.10. The stock had a trading volume of 546,885 shares, compared to its average volume of 722,358. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 37.64, a PEG ratio of 2.46 and a beta of 1.17. Powell Industries, Inc. has a fifty-two week low of $92.59 and a fifty-two week high of $328.00. The firm has a 50-day moving average of $193.69 and a 200-day moving average of $231.79.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings results on Monday, August 3rd. The industrial products company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.07). Powell Industries had a return on equity of 27.51% and a net margin of 16.49%.The firm had revenue of $311.74 million for the quarter, compared to analyst estimates of $316.70 million. During the same period last year, the firm earned $3.96 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, equities analysts predict that Powell Industries, Inc. will post 5.36 EPS for the current year.

Powell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were paid a dividend of $0.09 per share. The ex-dividend date was Wednesday, August 19th. This represents a $0.36 dividend on an annualized basis and a yield of 0.2%. Powell Industries’s dividend payout ratio is currently 6.91%.

Analyst Upgrades and Downgrades

A number of research firms have commented on POWL. Weiss Ratings lowered shares of Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Glj Research raised Powell Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $235.00 price target on shares of Powell Industries in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $215.42.

Hedge Funds Weigh In On Powell Industries

Several institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. purchased a new position in Powell Industries during the 2nd quarter worth $211,000. Anchor Investment Management LLC boosted its holdings in shares of Powell Industries by 92.9% in the second quarter. Anchor Investment Management LLC now owns 135 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 65 shares in the last quarter. SkyView Investment Advisors LLC acquired a new position in shares of Powell Industries during the second quarter worth about $215,000. Sequoia Financial Advisors LLC increased its stake in shares of Powell Industries by 205.1% during the second quarter. Sequoia Financial Advisors LLC now owns 1,751 shares of the industrial products company’s stock worth $501,000 after acquiring an additional 1,177 shares during the period. Finally, Tidal Investments LLC raised its holdings in Powell Industries by 222.3% during the second quarter. Tidal Investments LLC now owns 282,483 shares of the industrial products company’s stock worth $80,892,000 after purchasing an additional 194,840 shares in the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds.

Powell Industries Company Profile

Powell Industries, Inc designs, manufactures and services equipment used to control, monitor and distribute electrical power. Its products include medium-voltage and low-voltage switchgear, motor control centers, electrical control panels, power-control rooms, bus systems and related protection and control equipment. The company also provides engineered electrical systems, field services, equipment modernization, installation support and commissioning services.

Powell serves customers in industries that require reliable and specialized electrical infrastructure, including oil and gas, petrochemical and chemical processing, utilities, mining, transportation, commercial facilities and renewable energy.