Insider Selling: Powell Industries, Inc. (NASDAQ:POWL) CEO Sells 780 Shares of Stock

Powell Industries, Inc. (NASDAQ:POWL - Get Free Report) CEO Brett Alan Cope sold 780 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $200.00, for a total transaction of $156,000.00. Following the sale, the chief executive officer now owns 157,345 shares of the company's stock, valued at approximately $31,469,000. The trade was a 0.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Powell Industries Stock Down 2.0%

Shares of POWL traded down $3.51 during trading hours on Friday, hitting $175.42. The company had a trading volume of 395,576 shares, compared to its average volume of 422,970. The stock's 50 day moving average price is $180.12 and its 200 day moving average price is $201.77. Powell Industries, Inc. has a 52-week low of $127.01 and a 52-week high of $364.98. The firm has a market cap of $2.12 billion, a P/E ratio of 12.33, a P/E/G ratio of 0.88 and a beta of 0.72.

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

Powell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st were given a $0.2675 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $1.07 annualized dividend and a dividend yield of 0.61%. Powell Industries's dividend payout ratio is 7.52%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc purchased a new stake in Powell Industries in the first quarter worth about $25,000. Principal Securities Inc. bought a new stake in shares of Powell Industries in the 4th quarter worth approximately $26,000. Brooklyn Investment Group grew its stake in shares of Powell Industries by 168.8% in the 1st quarter. Brooklyn Investment Group now owns 172 shares of the industrial products company's stock worth $29,000 after buying an additional 108 shares during the last quarter. Harbour Investments Inc. boosted its holdings in Powell Industries by 1,970.0% in the first quarter. Harbour Investments Inc. now owns 207 shares of the industrial products company's stock worth $35,000 after acquiring an additional 197 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Powell Industries by 455.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company's stock worth $37,000 after buying an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 89.77% of the company's stock.

About Powell Industries

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.