Brett Alan Cope Sells 3,099 Shares of Powell Industries, Inc. (NASDAQ:POWL) Stock

Powell Industries, Inc. (NASDAQ:POWL - Get Free Report) CEO Brett Alan Cope sold 3,099 shares of Powell Industries stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $200.06, for a total transaction of $619,985.94. Following the completion of the transaction, the chief executive officer directly owned 154,246 shares of the company's stock, valued at $30,858,454.76. This trade represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Brett Alan Cope also recently made the following trade(s):

• On Friday, June 27th, Brett Alan Cope sold 6,775 shares of Powell Industries stock. The shares were sold at an average price of $210.55, for a total value of $1,426,476.25.
• On Monday, June 16th, Brett Alan Cope sold 780 shares of Powell Industries stock. The stock was sold at an average price of $200.00, for a total value of $156,000.00.

Powell Industries Price Performance

POWL stock traded down $2.47 on Monday, reaching $210.45. The company's stock had a trading volume of 358,799 shares, compared to its average volume of 420,608. Powell Industries, Inc. has a 52 week low of $127.01 and a 52 week high of $364.98. The company has a market capitalization of $2.54 billion, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 1.07 and a beta of 0.73. The firm has a fifty day moving average of $182.61 and a two-hundred day moving average of $198.79.

Powell Industries (NASDAQ:POWL - Get Free Report) last released its earnings results on Tuesday, May 6th. The industrial products company reported $3.81 earnings per share for the quarter, topping analysts' consensus estimates of $3.34 by $0.47. The firm had revenue of $278.63 million during the quarter, compared to the consensus estimate of $282.68 million. Powell Industries had a return on equity of 35.43% and a net margin of 16.00%. The firm's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.75 earnings per share. As a group, equities analysts expect that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were given a dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a yield of 0.51%. The ex-dividend date was Wednesday, May 21st. Powell Industries's payout ratio is 7.52%.

Hedge Funds Weigh In On Powell Industries

Several institutional investors and hedge funds have recently bought and sold shares of POWL. Charles Schwab Investment Management Inc. lifted its holdings in shares of Powell Industries by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 94,482 shares of the industrial products company's stock valued at $20,942,000 after buying an additional 637 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Powell Industries by 59.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 7,138 shares of the industrial products company's stock valued at $1,216,000 after purchasing an additional 2,665 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Powell Industries in the 4th quarter valued at $57,000. Price T Rowe Associates Inc. MD increased its position in Powell Industries by 108.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,378 shares of the industrial products company's stock worth $1,414,000 after buying an additional 3,322 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Powell Industries by 58.6% during the fourth quarter. Deutsche Bank AG now owns 9,267 shares of the industrial products company's stock worth $2,054,000 after buying an additional 3,423 shares during the last quarter. Hedge funds and other institutional investors own 89.77% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Powell Industries from a "hold" rating to a "buy" rating in a report on Tuesday, March 11th.

Powell Industries Company Profile

Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems. The company's principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.

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