Thomas W. Powell Sells 5,000 Shares of Powell Industries, Inc. (NASDAQ:POWL) Stock

Powell Industries, Inc. (NASDAQ:POWL) major shareholder Thomas W. Powell sold 5,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $347.74, for a total transaction of $1,738,700.00. Following the sale, the insider now directly owns 677,265 shares of the company’s stock, valued at $235,512,131.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Powell Industries Stock Down 7.7 %

Shares of POWL traded down $26.63 during midday trading on Wednesday, hitting $317.23. The company’s stock had a trading volume of 455,366 shares, compared to its average volume of 369,527. Powell Industries, Inc. has a one year low of $75.05 and a one year high of $364.98. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 31.49, a price-to-earnings-growth ratio of 1.97 and a beta of 0.86. The company’s fifty day simple moving average is $239.08 and its two-hundred day simple moving average is $188.50.

Powell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 20th will be given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Wednesday, November 20th. Powell Industries’s dividend payout ratio is presently 9.92%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Powell Industries from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its holdings in shares of Powell Industries by 74.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,133 shares of the industrial products company’s stock valued at $2,027,000 after purchasing an additional 3,897 shares during the last quarter. Private Trust Co. NA grew its stake in shares of Powell Industries by 31.7% during the third quarter. Private Trust Co. NA now owns 3,590 shares of the industrial products company’s stock worth $797,000 after buying an additional 865 shares during the last quarter. Truvestments Capital LLC increased its holdings in shares of Powell Industries by 14.6% during the third quarter. Truvestments Capital LLC now owns 3,792 shares of the industrial products company’s stock worth $842,000 after buying an additional 482 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Powell Industries in the 3rd quarter valued at $7,225,000. Finally, Independent Advisor Alliance acquired a new stake in shares of Powell Industries during the 3rd quarter valued at $3,690,000. Institutional investors own 89.77% of the company’s stock.

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.