Powell Industries, Inc. (NASDAQ:POWL) VP Milburn E. Honeycutt sold 400 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $28.53, for a total transaction of $11,412.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Powell Industries, Inc. (NASDAQ:POWL) traded up $0.37 during trading on Friday, hitting $29.27. 210,409 shares of the company traded hands, compared to its average volume of 60,141. Powell Industries, Inc. has a 1-year low of $22.80 and a 1-year high of $40.38.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings data on Tuesday, December 5th. The industrial products company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.23). Powell Industries had a negative return on equity of 2.65% and a negative net margin of 2.40%. The business had revenue of $95.00 million during the quarter, compared to analysts’ expectations of $87.96 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Powell Industries’s quarterly revenue was down 26.8% on a year-over-year basis.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Tuesday, November 21st were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend was Monday, November 20th. Powell Industries’s payout ratio is -125.30%.

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Powell Industries by 5.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 797,721 shares of the industrial products company’s stock valued at $23,924,000 after buying an additional 41,005 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Powell Industries by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 476,740 shares of the industrial products company’s stock worth $15,251,000 after purchasing an additional 17,107 shares in the last quarter. Heartland Advisors Inc. grew its holdings in shares of Powell Industries by 26.7% during the 3rd quarter. Heartland Advisors Inc. now owns 379,385 shares of the industrial products company’s stock worth $11,378,000 after purchasing an additional 79,884 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Powell Industries by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 357,842 shares of the industrial products company’s stock worth $10,736,000 after purchasing an additional 1,893 shares in the last quarter. Finally, Brandywine Global Investment Management LLC boosted its stake in Powell Industries by 10.6% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 311,548 shares of the industrial products company’s stock valued at $9,967,000 after buying an additional 29,774 shares in the last quarter. 65.45% of the stock is owned by hedge funds and other institutional investors.

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Powell Industries Company Profile

Powell Industries, Inc develops design, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy designed to distribute, control and monitor the flow of electrical energy, and provide protection to motors, transformers and other electrically powered equipment.

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