Insider Selling: Powell Industries (NASDAQ:POWL) Insider Sells 700 Shares of Stock

Powell Industries, Inc. (NASDAQ:POWL) insider Ping Ni sold 700 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $167.14, for a total transaction of $116,998.00. Following the completion of the transaction, the insider directly owned 5,339 shares of the company’s stock, valued at approximately $892,360.46. This represents a 11.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Powell Industries Trading Down 0.5%

Shares of NASDAQ:POWL traded down $0.82 during trading on Tuesday, reaching $164.94. The company had a trading volume of 836,998 shares, compared to its average volume of 723,457. The company has a fifty day moving average of $187.58 and a two-hundred day moving average of $232.44. The stock has a market capitalization of $6.01 billion, a P/E ratio of 31.66, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17. Powell Industries, Inc. has a 12 month low of $92.59 and a 12 month high of $328.00.

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

Powell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th were given 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 (DPR) is presently 6.91%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in Powell Industries by 3.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,009 shares of the industrial products company’s stock worth $546,000 after purchasing an additional 34 shares during the period. Wealthfront Advisers LLC boosted its stake in shares of Powell Industries by 5.4% during the first quarter. Wealthfront Advisers LLC now owns 697 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 36 shares during the period. KBC Group NV boosted its stake in shares of Powell Industries by 15.6% during the first quarter. KBC Group NV now owns 303 shares of the industrial products company’s stock valued at $164,000 after purchasing an additional 41 shares during the period. Anchor Investment Management LLC boosted its stake in shares of Powell Industries by 92.9% during the second quarter. Anchor Investment Management LLC now owns 135 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 65 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Powell Industries by 183.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 105 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 68 shares during the last quarter. 89.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on POWL shares. JPMorgan Chase & Co. decreased their price objective on Powell Industries from $300.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Glj Research raised Powell Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Cantor Fitzgerald reiterated a “neutral” rating and set a $235.00 price target on shares of Powell Industries in a research report on Thursday, October 1st. Finally, Weiss Ratings cut shares of Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.92.

About Powell Industries

Powell Industries, Inc is a Houston-based manufacturer of custom-engineered electrical equipment and systems used to control, distribute and monitor electrical power. The company serves industrial and utility customers that require equipment designed for demanding operating environments, including facilities with high-voltage, hazardous or highly regulated applications.

Its product portfolio includes medium- and high-voltage metal-clad switchgear, motor control centers, electrical houses and enclosures, control panels, switchboards, bus systems and related protection and control equipment.