Powell Industries, Inc. (POWL) To Go Ex-Dividend on February 18th

Powell Industries, Inc. (NASDAQ:POWL) announced a quarterly dividend on Tuesday, February 3rd. Investors of record on Wednesday, February 18th will be given a dividend of 0.27 per share by the industrial products company on Wednesday, March 18th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, February 18th. This is a 0.9% increase from Powell Industries’s previous quarterly dividend of $0.27.

Powell Industries has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Powell Industries has a dividend payout ratio of 7.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Powell Industries to earn $14.80 per share next year, which means the company should continue to be able to cover its $1.07 annual dividend with an expected future payout ratio of 7.2%.

Powell Industries Price Performance

Shares of POWL stock opened at $527.30 on Thursday. The business’s fifty day moving average price is $371.58 and its 200 day moving average price is $322.92. The firm has a market capitalization of $6.40 billion, a PE ratio of 34.26, a P/E/G ratio of 2.10 and a beta of 0.85. Powell Industries has a 1-year low of $146.02 and a 1-year high of $569.80.

Powell Industries (NASDAQ:POWL) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $3.40 EPS for the quarter, topping the consensus estimate of $2.85 by $0.55. Powell Industries had a net margin of 16.82% and a return on equity of 31.63%. The company had revenue of $251.18 million for the quarter, compared to analyst estimates of $255.34 million. During the same period in the previous year, the firm earned $2.86 EPS. The business’s revenue was up 4.1% on a year-over-year basis. Equities research analysts expect that Powell Industries will post 13.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Powell Industries

In other news, VP William Marshall Mauney, Jr. sold 3,000 shares of the company’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $331.73, for a total value of $995,190.00. Following the sale, the vice president directly owned 4,451 shares in the company, valued at $1,476,530.23. This represents a 40.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC grew its holdings in shares of 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. Vanguard Group Inc. grew its stake in Powell Industries by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 706,642 shares of the industrial products company’s stock worth $225,263,000 after acquiring an additional 6,419 shares during the period. First Trust Advisors LP grew its stake in Powell Industries by 65.8% in the 3rd quarter. First Trust Advisors LP now owns 615,067 shares of the industrial products company’s stock worth $187,479,000 after acquiring an additional 244,051 shares during the period. State Street Corp raised its holdings 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 acquiring an additional 3,159 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Powell Industries by 2.4% during the 3rd quarter. Invesco Ltd. now owns 348,091 shares of the industrial products company’s stock worth $106,102,000 after purchasing an additional 8,083 shares during the period. Institutional investors and hedge funds own 89.77% of the company’s stock.

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.