Insider Selling: Powell Industries, Inc. (NASDAQ:POWL) EVP Sells 3,921 Shares of Stock

Powell Industries, Inc. (NASDAQ:POWL - Get Free Report) EVP Michael William Metcalf sold 3,921 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $210.55, for a total value of $825,566.55. Following the completion of the transaction, the executive vice president owned 28,900 shares of the company's stock, valued at $6,084,895. The trade was a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, June 26th, Michael William Metcalf sold 2,533 shares of Powell Industries stock. The shares were sold at an average price of $200.05, for a total value of $506,726.65.
• On Monday, June 16th, Michael William Metcalf sold 200 shares of Powell Industries stock. The stock was sold at an average price of $200.00, for a total value of $40,000.00.

Powell Industries Stock Performance

POWL stock traded down $6.18 during trading on Tuesday, hitting $204.27. 67,531 shares of the company's stock traded hands, compared to its average volume of 419,240. Powell Industries, Inc. has a 52 week low of $127.01 and a 52 week high of $364.98. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 1.07 and a beta of 0.73. The business has a fifty day simple moving average of $183.63 and a 200 day simple moving average of $198.50.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its earnings results 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 net margin of 16.00% and a return on equity of 35.43%. The firm had revenue of $278.63 million for the quarter, compared to analysts' expectations of $282.68 million. During the same period in the prior year, the company earned $2.75 EPS. The business's revenue was up 9.2% compared to the same quarter last year. Research analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were given a dividend of $0.2675 per share. The ex-dividend date was Wednesday, May 21st. This represents a $1.07 dividend on an annualized basis and a yield of 0.52%. Powell Industries's dividend payout ratio (DPR) is presently 7.52%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Powell Industries

Institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its position in shares of Powell Industries by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 94,482 shares of the industrial products company's stock valued at $20,942,000 after purchasing an additional 637 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in Powell Industries by 59.6% during the first quarter. Oppenheimer & Co. Inc. now owns 7,138 shares of the industrial products company's stock worth $1,216,000 after buying an additional 2,665 shares during the period. Oppenheimer Asset Management Inc. bought a new position in Powell Industries during the first quarter valued at $536,000. SBI Securities Co. Ltd. purchased a new stake in shares of Powell Industries in the fourth quarter valued at $57,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Powell Industries by 108.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,378 shares of the industrial products company's stock worth $1,414,000 after acquiring an additional 3,322 shares during the last quarter. 89.77% of the stock is owned by institutional investors.

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.