Powell Industries, Inc. (NASDAQ:POWL - Get Free Report) traded up 8.7% on Thursday . The stock traded as high as $235.72 and last traded at $236.61. 342,680 shares were traded during trading, a decline of 18% from the average session volume of 416,540 shares. The stock had previously closed at $217.60.
Powell Industries Stock Up 8.7%
The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 1.10 and a beta of 0.77. The company has a fifty day moving average of $192.11 and a two-hundred day moving average of $197.18.
Powell Industries (NASDAQ:POWL - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $3.81 earnings per share for the quarter, beating analysts' consensus estimates of $3.34 by $0.47. The business had revenue of $278.63 million during the quarter, compared to analysts' expectations of $282.68 million. Powell Industries had a return on equity of 35.43% and a net margin of 16.00%. The business's revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the business posted $2.75 earnings per share. Equities analysts anticipate that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.
Powell Industries Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were issued a $0.2675 dividend. This represents a $1.07 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Wednesday, May 21st. Powell Industries's dividend payout ratio (DPR) is 7.52%.
Insider Activity at Powell Industries
In other news, CEO Brett Alan Cope sold 6,775 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $210.55, for a total value of $1,426,476.25. Following the completion of the sale, the chief executive officer owned 147,471 shares in the company, valued at $31,050,019.05. This represents a 4.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael William Metcalf sold 3,921 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $210.55, for a total value of $825,566.55. Following the transaction, the executive vice president directly owned 28,900 shares in the company, valued at approximately $6,084,895. This represents a 11.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,308 shares of company stock worth $3,574,755 over the last 90 days. 2.20% of the stock is owned by company insiders.
Institutional Investors Weigh In On Powell Industries
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc bought a new stake in Powell Industries during the first quarter worth about $25,000. Brooklyn Investment Group lifted its stake in shares of Powell Industries by 168.8% in the 1st quarter. Brooklyn Investment Group now owns 172 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 108 shares during the last quarter. GeoWealth Management LLC lifted its stake in shares of Powell Industries by 123.8% in the 4th quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 99 shares during the last quarter. Tucker Asset Management LLC acquired a new stake in Powell Industries in the fourth quarter valued at $43,000. Finally, Prestige Wealth Management Group LLC increased its holdings in 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 institutional investors and hedge funds.
About Powell Industries
(
Get Free Report)
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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