Powell Industries (NASDAQ:POWL) Insider Ping Ni Sells 70 Shares

Powell Industries, Inc. (NASDAQ:POWL) insider Ping Ni sold 70 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $590.00, for a total value of $41,300.00. Following the transaction, the insider directly owned 2,023 shares of the company’s stock, valued at approximately $1,193,570. This trade represents a 3.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Powell Industries Price Performance

Powell Industries stock opened at $592.90 on Friday. Powell Industries, Inc. has a 1-year low of $146.02 and a 1-year high of $612.50. The company has a market cap of $7.20 billion, a PE ratio of 38.53, a price-to-earnings-growth ratio of 2.69 and a beta of 0.85. The stock’s 50 day moving average price is $401.44 and its 200 day moving average price is $336.47.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.55. The firm had revenue of $251.18 million during the quarter, compared to analysts’ expectations of $255.34 million. Powell Industries had a return on equity of 30.64% and a net margin of 16.82%.Powell Industries’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.86 earnings per share. On average, equities research analysts anticipate that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 18th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, February 18th. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.08 annualized dividend and a yield of 0.2%. Powell Industries’s dividend payout ratio (DPR) is currently 6.95%.

Analyst Ratings Changes

Several equities research analysts have recently commented on POWL shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Powell Industries in a research note on Monday, December 29th. Cantor Fitzgerald boosted their target price on Powell Industries from $427.00 to $481.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Roth Mkm reissued a “buy” rating and issued a $350.00 target price on shares of Powell Industries in a report on Wednesday, November 19th. Finally, Wall Street Zen downgraded Powell Industries from a “buy” rating to a “hold” rating in a research note on Monday, January 19th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Powell Industries has an average rating of “Moderate Buy” and an average target price of $415.50.

Institutional Investors Weigh In On Powell Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kovitz Investment Group Partners LLC increased its position in Powell Industries by 42.2% during the third quarter. Kovitz Investment Group Partners LLC now owns 2,314,474 shares of the industrial products company’s stock worth $705,475,000 after buying an additional 686,588 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Powell Industries by 1,230,312.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 775,160 shares of the industrial products company’s stock valued at $247,106,000 after acquiring an additional 775,097 shares during the last quarter. Vanguard Group Inc. increased its position in Powell Industries by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 706,642 shares of the industrial products company’s stock worth $225,263,000 after purchasing an additional 6,419 shares in the last quarter. First Trust Advisors LP increased its position in Powell Industries by 65.8% during the 3rd quarter. First Trust Advisors LP now owns 615,067 shares of the industrial products company’s stock worth $187,479,000 after purchasing an additional 244,051 shares in the last quarter. Finally, State Street Corp raised its stake in Powell Industries by 0.9% in the 2nd quarter. State Street Corp now owns 352,103 shares of the industrial products company’s stock valued at $74,100,000 after purchasing an additional 3,159 shares during the last quarter. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Powell Industries Company Profile

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.