Insider Selling: Powell Industries (NASDAQ:POWL) VP Sells $56,488.67 in Stock

Powell Industries, Inc. (NASDAQ:POWL) VP Marshall Jr sold 301 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $187.67, for a total transaction of $56,488.67. Following the completion of the transaction, the vice president owned 10,552 shares in the company, valued at approximately $1,980,293.84. This represents a 2.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Powell Industries Price Performance

NASDAQ:POWL opened at $196.10 on Monday. The company’s 50 day moving average price is $192.96 and its 200-day moving average price is $231.97. Powell Industries, Inc. has a 52 week low of $92.59 and a 52 week high of $328.00. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 37.64, a PEG ratio of 2.04 and a beta of 1.17.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings data on Monday, August 3rd. The industrial products company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.07). The firm had revenue of $311.74 million during the quarter, compared to analysts’ expectations of $316.70 million. Powell Industries had a return on equity of 27.51% and a net margin of 16.49%.Powell Industries’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.96 earnings per share. As a group, sell-side analysts anticipate that Powell Industries, Inc. will post 5.36 earnings per share for the current year.

Powell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th were paid a $0.09 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.36 annualized dividend and a dividend yield of 0.2%. Powell Industries’s payout ratio is currently 6.91%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Capital World Investors purchased a new position in Powell Industries during the fourth quarter valued at approximately $20,704,000. Private Advisory Group LLC bought a new position in shares of Powell Industries in the second quarter worth approximately $14,158,000. NewEdge Advisors LLC increased its stake in shares of Powell Industries by 146.0% in the second quarter. NewEdge Advisors LLC now owns 26,941 shares of the industrial products company’s stock worth $7,715,000 after purchasing an additional 15,990 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Powell Industries by 209.9% in the second quarter. Baird Financial Group Inc. now owns 199,087 shares of the industrial products company’s stock worth $57,011,000 after purchasing an additional 134,837 shares in the last quarter. Finally, Voss Capital LP raised its position in shares of Powell Industries by 18.6% during the 4th quarter. Voss Capital LP now owns 350,000 shares of the industrial products company’s stock valued at $111,573,000 after purchasing an additional 55,000 shares during the period. 89.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on POWL. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $235.00 price objective on shares of Powell Industries in a research report on Thursday. Glj Research raised Powell Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings cut shares of Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $215.42.

Powell Industries Company Profile

Powell Industries, Inc designs, manufactures and services equipment used to control, monitor and distribute electrical power. Its products include medium-voltage and low-voltage switchgear, motor control centers, electrical control panels, power-control rooms, bus systems and related protection and control equipment. The company also provides engineered electrical systems, field services, equipment modernization, installation support and commissioning services.

Powell serves customers in industries that require reliable and specialized electrical infrastructure, including oil and gas, petrochemical and chemical processing, utilities, mining, transportation, commercial facilities and renewable energy.