Brett Alan Cope Sells 780 Shares of Powell Industries, Inc. (NASDAQ:POWL) Stock

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

Powell Industries Stock Performance

Shares of NASDAQ:POWL traded down $1.96 during midday trading on Thursday, reaching $178.93. 274,716 shares of the company's stock were exchanged, compared to its average volume of 423,891. The company's 50 day simple moving average is $180.07 and its two-hundred day simple moving average is $203.04. The firm has a market capitalization of $2.16 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 0.90 and a beta of 0.72. Powell Industries, Inc. has a 12 month low of $127.01 and a 12 month high of $364.98.

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

Powell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st were issued a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Wednesday, May 21st. Powell Industries's payout ratio is 7.52%.

Hedge Funds Weigh In On Powell Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc bought a new position in Powell Industries during the 1st quarter valued at about $25,000. Principal Securities Inc. bought a new position in Powell Industries during the 4th quarter valued at about $26,000. Brooklyn Investment Group lifted its holdings in Powell Industries by 168.8% during the 1st quarter. Brooklyn Investment Group now owns 172 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 108 shares during the last quarter. Harbour Investments Inc. lifted its holdings in Powell Industries by 1,970.0% during the 1st quarter. Harbour Investments Inc. now owns 207 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 197 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Powell Industries by 455.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 132 shares during the last quarter. 89.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.