Powell Industries, Inc. (NASDAQ:POWL) Major Shareholder Sells $5,339,000.00 in Stock

Powell Industries, Inc. (NASDAQ:POWL) major shareholder Thomas W. Powell sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $213.56, for a total value of $5,339,000.00. Following the transaction, the insider now owns 682,265 shares of the company’s stock, valued at approximately $145,704,513.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Powell Industries Trading Up 1.5 %

Shares of Powell Industries stock opened at $219.09 on Friday. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 1.30 and a beta of 0.87. The firm’s 50-day moving average price is $168.46 and its two-hundred day moving average price is $158.74. Powell Industries, Inc. has a 1-year low of $72.51 and a 1-year high of $223.96.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $1.63. Powell Industries had a net margin of 13.77% and a return on equity of 33.09%. The firm had revenue of $288.17 million for the quarter, compared to analyst estimates of $222.18 million. During the same quarter in the prior year, the firm earned $1.52 EPS. The company’s revenue was up 49.8% on a year-over-year basis. As a group, equities research analysts predict that Powell Industries, Inc. will post 12.01 EPS for the current year.

Powell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 14th were given a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Wednesday, August 14th. Powell Industries’s dividend payout ratio (DPR) is presently 12.59%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Powell Industries from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of POWL. Cim LLC bought a new stake in shares of Powell Industries during the second quarter worth $222,000. Dana Investment Advisors Inc. acquired a new stake in Powell Industries in the second quarter worth about $1,460,000. Quarry LP bought a new stake in Powell Industries during the 2nd quarter worth about $48,000. Invst LLC lifted its position in Powell Industries by 55.3% during the 2nd quarter. Invst LLC now owns 4,201 shares of the industrial products company’s stock valued at $603,000 after purchasing an additional 1,496 shares during the period. Finally, Creative Planning bought a new position in shares of Powell Industries in the 2nd quarter valued at about $310,000. 89.77% of the stock is currently 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.