Powell Industries (NASDAQ:POWL) EVP Sells $955,968.00 in Stock

Key Points

• Michael William Metcalf, EVP of Powell Industries, sold 3,200 shares of the company's stock for approximately $955,968 on September 22nd, reducing his total shareholding to 25,700 shares.
• Powell Industries has reported a quarterly EPS of $3.96, surpassing analysts' estimates, but its revenue of $286.27 million fell short of expectations.
• Institutional investors now hold 89.77% of Powell Industries' stock, with significant recent purchases made by multiple hedge funds indicating increasing institutional interest.

Powell Industries, Inc. (NASDAQ:POWL - Get Free Report) EVP Michael William Metcalf sold 3,200 shares of Powell Industries stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $298.74, for a total value of $955,968.00. Following the transaction, the executive vice president owned 25,700 shares in the company, valued at approximately $7,677,618. This represents a 11.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 Thursday, June 26th, Michael William Metcalf sold 2,533 shares of Powell Industries stock. The stock was sold at an average price of $200.05, for a total value of $506,726.65.

Powell Industries Price Performance

Shares of NASDAQ:POWL traded up $1.42 during midday trading on Wednesday, reaching $293.64. 169,615 shares of the company's stock were exchanged, compared to its average volume of 357,329. The firm's 50 day simple moving average is $258.67 and its two-hundred day simple moving average is $209.86. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 1.50 and a beta of 0.85. Powell Industries, Inc. has a fifty-two week low of $146.02 and a fifty-two week high of $364.98.

Powell Industries (NASDAQ:POWL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.73 by $0.23. The firm had revenue of $286.27 million during the quarter, compared to the consensus estimate of $301.69 million. Powell Industries had a return on equity of 33.16% and a net margin of 16.22%.The company's quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company earned $3.79 EPS. Equities research analysts predict that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were given a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 20th. Powell Industries's dividend payout ratio (DPR) is presently 7.43%.

Institutional Trading of Powell Industries

A number of hedge funds and other institutional investors have recently modified their holdings of POWL. Demars Financial Group LLC acquired a new stake in shares of Powell Industries during the 1st quarter worth about $58,692,000. New Vernon Capital Holdings II LLC acquired a new position in Powell Industries in the 1st quarter valued at about $34,554,000. Voss Capital LP purchased a new stake in Powell Industries during the second quarter worth about $38,904,000. GW&K Investment Management LLC acquired a new stake in shares of Powell Industries during the first quarter worth about $27,984,000. Finally, RPG Investment Advisory LLC boosted its stake in shares of Powell Industries by 342.4% in the first quarter. RPG Investment Advisory LLC now owns 154,126 shares of the industrial products company's stock valued at $26,252,000 after purchasing an additional 119,289 shares during the period. 89.77% of the stock is owned by institutional investors and hedge funds.

About Powell Industries

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.