Insider Selling: Powell Industries (NASDAQ:POWL) VP Sells 3,000 Shares of Stock

Powell Industries, Inc. (NASDAQ:POWL) VP William Marshall Mauney, Jr. sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $331.73, for a total value of $995,190.00. Following the completion of the sale, the vice president owned 4,451 shares in the company, valued at $1,476,530.23. The trade was a 40.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Powell Industries Trading Up 1.1%

Shares of NASDAQ POWL traded up $3.63 during midday trading on Monday, reaching $336.53. The company’s stock had a trading volume of 93,409 shares, compared to its average volume of 327,395. The stock has a 50 day simple moving average of $341.35 and a 200-day simple moving average of $279.77. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 1.56 and a beta of 0.87. Powell Industries, Inc. has a fifty-two week low of $146.02 and a fifty-two week high of $413.00.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings results on Tuesday, November 18th. The industrial products company reported $4.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.46. Powell Industries had a net margin of 16.37% and a return on equity of 31.80%. The firm had revenue of $297.98 million for the quarter, compared to analyst estimates of $292.85 million. During the same period in the previous year, the business earned $3.77 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts anticipate that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th were issued a dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a yield of 0.3%. The ex-dividend date was Wednesday, November 19th. Powell Industries’s dividend payout ratio is presently 7.21%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on POWL. Wall Street Zen raised Powell Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Powell Industries in a report on Monday, December 8th. Finally, Roth Capital reiterated a “buy” rating and issued a $350.00 price target on shares of Powell Industries in a research note on Wednesday, November 19th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $350.00.

Hedge Funds Weigh In On Powell Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in POWL. Ashton Thomas Private Wealth LLC grew its stake in Powell Industries by 2.8% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 1,048 shares of the industrial products company’s stock valued at $319,000 after buying an additional 29 shares during the last quarter. State of Wyoming boosted its holdings in shares of Powell Industries by 18.5% during the third quarter. State of Wyoming now owns 186 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 29 shares during the period. Arizona State Retirement System grew its position in shares of Powell Industries by 1.1% in the third quarter. Arizona State Retirement System now owns 2,847 shares of the industrial products company’s stock valued at $868,000 after purchasing an additional 30 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Powell Industries by 3.6% during the second quarter. Advisors Asset Management Inc. now owns 1,221 shares of the industrial products company’s stock worth $257,000 after purchasing an additional 42 shares during the period. Finally, Quest Investment Management LLC lifted its holdings in Powell Industries by 0.9% during the 3rd quarter. Quest Investment Management LLC now owns 5,002 shares of the industrial products company’s stock worth $1,525,000 after purchasing an additional 45 shares during the last quarter. 89.77% of the stock is owned by institutional investors.

About Powell Industries

Powell Industries, Inc is an industrial electrical engineering company specializing in the design, manufacture and integration of customized power control and distribution solutions. The firm’s offerings range from medium‐voltage switchgear and power control centers to bus duct, motor control centers and specialty transformers. Powell also provides automation systems, protective relaying, metering, supervisory control and data acquisition (SCADA) platforms, and turnkey engineering services to help clients manage critical power infrastructure.

Serving the oil and gas, petrochemical, refining, utility, mining and industrial sectors, Powell’s products are engineered to meet demanding performance, safety and reliability requirements.