Powell Industries, Inc. (NASDAQ:POWL) EVP Sells $506,726.65 in Stock

Powell Industries, Inc. (NASDAQ:POWL - Get Free Report) EVP Michael William Metcalf sold 2,533 shares of Powell Industries stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $200.05, for a total transaction of $506,726.65. Following the transaction, the executive vice president directly owned 32,821 shares of the company's stock, valued at approximately $6,565,841.05. This represents a 7.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Michael William Metcalf also recently made the following trade(s):

• On Friday, June 27th, Michael William Metcalf sold 3,921 shares of Powell Industries stock. The stock was sold at an average price of $210.55, for a total value of $825,566.55.
• On Monday, June 16th, Michael William Metcalf sold 200 shares of Powell Industries stock. The shares were sold at an average price of $200.00, for a total value of $40,000.00.

Powell Industries Stock Down 1.2%

Shares of NASDAQ:POWL traded down $2.47 during trading on Monday, hitting $210.45. The stock had a trading volume of 358,799 shares, compared to its average volume of 420,608. Powell Industries, Inc. has a 12-month low of $127.01 and a 12-month high of $364.98. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 1.07 and a beta of 0.73. The stock has a 50-day simple moving average of $182.61 and a two-hundred day simple moving average of $198.79.

Powell Industries (NASDAQ:POWL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $3.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.47. Powell Industries had a return on equity of 35.43% and a net margin of 16.00%. The business had revenue of $278.63 million during the quarter, compared to analysts' expectations of $282.68 million. During the same quarter in the previous year, the firm posted $2.75 EPS. The company's revenue for the quarter was up 9.2% on a year-over-year basis. As a group, sell-side analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st were paid a $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Wednesday, May 21st. Powell Industries's dividend payout ratio is currently 7.52%.

Institutional Trading of Powell Industries

A number of hedge funds have recently added to or reduced their stakes in POWL. Sei Investments Co. increased its holdings in Powell Industries by 2.7% in the first quarter. Sei Investments Co. now owns 2,926 shares of the industrial products company's stock valued at $498,000 after buying an additional 77 shares in the last quarter. Freedom Investment Management Inc. grew its holdings in Powell Industries by 3.7% in the fourth quarter. Freedom Investment Management Inc. now owns 2,421 shares of the industrial products company's stock valued at $537,000 after purchasing an additional 87 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Powell Industries by 10.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 979 shares of the industrial products company's stock worth $217,000 after buying an additional 90 shares during the period. GeoWealth Management LLC raised its position in Powell Industries by 123.8% during the fourth quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company's stock worth $40,000 after acquiring an additional 99 shares during the period. Finally, Prestige Wealth Management Group LLC grew its position in shares of Powell Industries by 100.0% in the fourth quarter. Prestige Wealth Management Group LLC now owns 200 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 100 shares during the period. 89.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Powell Industries Company Profile

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.

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