Powell Industries (NASDAQ:POWL) VP William Marshall Mauney Jr Sells 301 Shares of Stock

Key Points

• Insider sale: Powell Industries VP William Marshall Mauney Jr. sold 301 shares for approximately $56,489, reducing his holdings by 2.77% to 10,552 shares.
• Stock performance: POWL shares rose 2.9% to $196.10, though they remain below the 200-day moving average of $231.79 and well under the 52-week high of $328.
• Financial and analyst outlook: Powell missed quarterly EPS and revenue estimates, but revenue still grew 8.9% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $215.42.

Powell Industries, Inc. (NASDAQ:POWL - Get Free Report) VP Marshall Jr sold 301 shares of Powell Industries stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $187.67, for a total value of $56,488.67. Following the completion of the sale, the vice president owned 10,552 shares of the company's stock, valued at $1,980,293.84. The trade was a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Powell Industries Trading Up 2.9%

Shares of POWL traded up $5.50 during mid-day trading on Friday, hitting $196.10. The company's stock had a trading volume of 546,885 shares, compared to its average volume of 722,358. The company's 50-day moving average is $193.69 and its 200-day moving average is $231.79. Powell Industries, Inc. has a 52-week low of $92.59 and a 52-week high of $328.00. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 37.64, a PEG ratio of 2.46 and a beta of 1.17.

Powell Industries (NASDAQ:POWL - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.07). The business had revenue of $311.74 million for the quarter, compared to analysts' expectations of $316.70 million. Powell Industries had a net margin of 16.49% and a return on equity of 27.51%. The business's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.96 earnings per share. As a group, sell-side analysts predict that Powell Industries, Inc. will post 5.36 earnings per share for the current fiscal year.

Powell Industries Announces Dividend

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

Institutional Investors Weigh In On Powell Industries

A number of large investors have recently modified their holdings of the business. USA Financial Formulas purchased a new position in shares of Powell Industries in the 1st quarter valued at approximately $43,000. Hollencrest Capital Management acquired a new position in Powell Industries during the 1st quarter valued at approximately $54,000. MassMutual Private Wealth & Trust FSB increased its stake in Powell Industries by 183.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 105 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 68 shares in the last quarter. Allworth Financial LP purchased a new position in shares of Powell Industries in the second quarter worth $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Powell Industries in the second quarter worth $34,000. Hedge funds and other institutional investors own 89.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on POWL shares. Weiss Ratings cut shares of Powell Industries from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, August 19th. Glj Research upgraded shares of Powell Industries from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $235.00 price target on shares of Powell Industries in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $215.42.

About Powell Industries

Powell Industries, Inc designs, manufactures and services equipment used to control, monitor and distribute electrical power. Its products include medium-voltage and low-voltage switchgear, motor control centers, electrical control panels, power-control rooms, bus systems and related protection and control equipment. The company also provides engineered electrical systems, field services, equipment modernization, installation support and commissioning services.

Powell serves customers in industries that require reliable and specialized electrical infrastructure, including oil and gas, petrochemical and chemical processing, utilities, mining, transportation, commercial facilities and renewable energy.

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