Powell Industries, Inc. (NASDAQ:POWL - Get Free Report) EVP Michael William Metcalf sold 200 shares of Powell Industries 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 $40,000.00. Following the completion of the sale, the executive vice president now owns 35,354 shares of the company's stock, valued at $7,070,800. This trade represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Powell Industries Price Performance
Powell Industries stock traded down $3.51 during trading hours on Friday, hitting $175.42. 395,576 shares of the stock traded hands, compared to its average volume of 422,970. The firm's 50 day moving average price is $180.12 and its 200-day moving average price is $201.77. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 0.88 and a beta of 0.72. Powell Industries, Inc. has a 1 year low of $127.01 and a 1 year high of $364.98.
Powell Industries (NASDAQ:POWL - Get Free Report) last released its earnings results 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 firm had revenue of $278.63 million during the quarter, compared to the consensus estimate of $282.68 million. Powell Industries had a return on equity of 35.43% and a net margin of 16.00%. The company's revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.75 earnings per share. Research analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.
Powell Industries Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were paid a dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Wednesday, May 21st. Powell Industries's payout ratio is 7.52%.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised Powell Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, March 11th.
Read Our Latest Analysis on Powell Industries
Institutional Trading of Powell Industries
Several large investors have recently made changes to their positions in the business. Vontobel Holding Ltd. lifted its position in Powell Industries by 28.1% during the fourth quarter. Vontobel Holding Ltd. now owns 1,200 shares of the industrial products company's stock valued at $266,000 after purchasing an additional 263 shares during the period. Blue Trust Inc. purchased a new position in shares of Powell Industries during the 4th quarter valued at about $40,000. Principal Securities Inc. acquired a new position in shares of Powell Industries in the 4th quarter valued at about $26,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of Powell Industries in the fourth quarter worth about $1,489,000. Finally, Principal Financial Group Inc. grew its holdings in Powell Industries by 5.0% during the fourth quarter. Principal Financial Group Inc. now owns 54,059 shares of the industrial products company's stock worth $11,982,000 after acquiring an additional 2,552 shares during the period. 89.77% of the stock is owned by hedge funds and other institutional investors.
Powell Industries Company Profile
(
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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.
Further Reading
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