Powell Industries (NASDAQ:POWL) Director Sells $1,570,747.50 in Stock

Powell Industries, Inc. (NASDAQ:POWL) Director Richard Williams sold 5,250 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $299.19, for a total value of $1,570,747.50. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Powell Industries Stock Performance

Shares of NASDAQ:POWL opened at $292.65 on Monday. Powell Industries, Inc. has a twelve month low of $54.75 and a twelve month high of $328.00. The firm has a market cap of $10.66 billion, a PE ratio of 57.27, a price-to-earnings-growth ratio of 3.82 and a beta of 1.14. The business has a fifty day moving average of $222.53 and a 200-day moving average of $165.89.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings results on Monday, May 4th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.09). The firm 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%. Powell Industries’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.81 EPS. On average, analysts anticipate that Powell Industries, Inc. will post 5.47 EPS for the current fiscal year.

Powell Industries Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Alps Advisors Inc. increased its position in shares of Powell Industries by 1.1% during the 4th quarter. Alps Advisors Inc. now owns 1,599 shares of the industrial products company’s stock worth $510,000 after purchasing an additional 18 shares during the last quarter. CWM LLC boosted its stake in shares of Powell Industries by 2.0% during the 4th quarter. CWM LLC now owns 1,219 shares of the industrial products company’s stock worth $389,000 after acquiring an additional 24 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of Powell Industries by 3.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 686 shares of the industrial products company’s stock worth $219,000 after acquiring an additional 25 shares during the period. Maryland State Retirement & Pension System grew its holdings in Powell Industries by 2.0% in the 4th quarter. Maryland State Retirement & Pension System now owns 1,380 shares of the industrial products company’s stock valued at $440,000 after buying an additional 27 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its holdings in Powell Industries by 2.8% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 1,048 shares of the industrial products company’s stock valued at $319,000 after buying an additional 29 shares in the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on POWL. Cantor Fitzgerald raised their target price on Powell Industries from $160.00 to $320.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. JPMorgan Chase & Co. raised their price target on Powell Industries from $310.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Glj Research assumed coverage on Powell Industries in a research report on Thursday, March 5th. They set a “hold” rating and a $150.00 price target on the stock. Wall Street Zen lowered Powell Industries from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Texas Capital raised Powell Industries to a “strong-buy” rating in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $236.67.

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.