Insider Selling: Powell Industries (NASDAQ:POWL) Insider Sells $116,998.00 in Stock

Key Points

• Insider sale: Powell Industries insider Ping Ni sold 700 shares for approximately $116,998, reducing their position by 11.59% to 5,339 shares.
• Stock performance: Shares traded at $164.94, down 0.5%, and remained well below their 12-month high of $328.00 and 50-day and 200-day moving averages.
• Mixed fundamentals and outlook: The company’s latest quarterly EPS and revenue missed analyst expectations, while analysts maintained a “Moderate Buy” consensus with an average price target of $187.92.

Powell Industries, Inc. (NASDAQ:POWL - Get Free Report) insider Ping Ni sold 700 shares of the company's stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $167.14, for a total transaction of $116,998.00. Following the transaction, the insider owned 5,339 shares in the company, valued at approximately $892,360.46. This trade represents a 11.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Powell Industries Stock Down 0.5%

NASDAQ:POWL traded down $0.82 during mid-day trading on Tuesday, reaching $164.94. 836,998 shares of the company were exchanged, compared to its average volume of 723,457. The stock has a market cap of $6.01 billion, a PE ratio of 31.66, a PEG ratio of 1.72 and a beta of 1.17. Powell Industries, Inc. has a 12 month low of $92.59 and a 12 month high of $328.00. The company has a fifty day moving average of $187.58 and a 200 day moving average of $232.44.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its earnings results on Monday, August 3rd. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.07). The company had revenue of $311.74 million for the quarter, compared to analyst estimates of $316.70 million. Powell Industries had a return on equity of 27.51% and a net margin of 16.49%. Powell Industries's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.96 earnings per share. On average, equities research analysts anticipate that Powell Industries, Inc. will post 5.36 EPS for the current fiscal year.

Powell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th were given a dividend of $0.09 per share. The ex-dividend date was Wednesday, August 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.2%. Powell Industries's payout ratio is presently 6.91%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on POWL. JPMorgan Chase & Co. lowered their price objective on Powell Industries from $300.00 to $250.00 and set an "overweight" rating for the company in a research report on Tuesday, October 13th. Cantor Fitzgerald restated a "neutral" rating and set a $235.00 target price on shares of Powell Industries in a research report on Thursday, October 1st. Weiss Ratings lowered shares of Powell Industries from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, August 19th. Finally, Glj Research upgraded shares of Powell Industries from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $187.92.

Hedge Funds Weigh In On Powell Industries

Several institutional investors have recently modified their holdings of POWL. PNC Financial Services Group Inc. grew its position in Powell Industries by 3.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,009 shares of the industrial products company's stock worth $546,000 after buying an additional 34 shares in the last quarter. Wealthfront Advisers LLC increased its stake in Powell Industries by 5.4% in the 1st quarter. Wealthfront Advisers LLC now owns 697 shares of the industrial products company's stock worth $377,000 after acquiring an additional 36 shares during the last quarter. KBC Group NV raised its holdings in shares of Powell Industries by 15.6% in the 1st quarter. KBC Group NV now owns 303 shares of the industrial products company's stock valued at $164,000 after acquiring an additional 41 shares in the last quarter. Anchor Investment Management LLC raised its holdings in shares of Powell Industries by 92.9% in the 2nd quarter. Anchor Investment Management LLC now owns 135 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 65 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Powell Industries by 183.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 105 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 68 shares in the last quarter. Institutional investors own 89.77% of the company's stock.

Powell Industries Company Profile

Powell Industries, Inc is a Houston-based manufacturer of custom-engineered electrical equipment and systems used to control, distribute and monitor electrical power. The company serves industrial and utility customers that require equipment designed for demanding operating environments, including facilities with high-voltage, hazardous or highly regulated applications.

Its product portfolio includes medium- and high-voltage metal-clad switchgear, motor control centers, electrical houses and enclosures, control panels, switchboards, bus systems and related protection and control equipment.

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