Powell Industries, Inc. (NASDAQ:POWL) CEO Sells $1,426,476.25 in Stock

Powell Industries, Inc. (NASDAQ:POWL - Get Free Report) CEO Brett Alan Cope sold 6,775 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $210.55, for a total value of $1,426,476.25. Following the sale, the chief executive officer directly owned 147,471 shares in the company, valued at approximately $31,050,019.05. This represents a 4.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, June 26th, Brett Alan Cope sold 3,099 shares of Powell Industries stock. The stock was sold at an average price of $200.06, for a total transaction of $619,985.94.
• 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 transaction of $156,000.00.

Powell Industries Price Performance

Shares of POWL traded down $1.03 during mid-day trading on Thursday, hitting $217.50. 229,294 shares of the company's stock were exchanged, compared to its average volume of 419,809. Powell Industries, Inc. has a 52 week low of $127.01 and a 52 week high of $364.98. The company has a market cap of $2.63 billion, a PE ratio of 15.28, a P/E/G ratio of 1.06 and a beta of 0.77. The company has a 50-day simple moving average of $185.40 and a 200 day simple moving average of $198.72.

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

Powell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st were issued a $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Wednesday, May 21st. Powell Industries's payout ratio is 7.52%.

Institutional Trading of Powell Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc bought a new position in Powell Industries in the first quarter valued at approximately $25,000. Smartleaf Asset Management LLC boosted its holdings in shares of Powell Industries by 455.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company's stock valued at $37,000 after buying an additional 132 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of Powell Industries by 168.8% in the first quarter. Brooklyn Investment Group now owns 172 shares of the industrial products company's stock valued at $29,000 after buying an additional 108 shares in the last quarter. GeoWealth Management LLC increased its holdings in Powell Industries by 123.8% during the fourth quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company's stock worth $40,000 after buying an additional 99 shares during the last quarter. Finally, Tucker Asset Management LLC acquired a new position in Powell Industries during the fourth quarter worth $43,000. Institutional investors and hedge funds own 89.77% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded 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.