Powell Industries (NASDAQ:POWL) VP William Marshall Mauney, Jr. Sells 2,500 Shares of Stock

Powell Industries, Inc. (NASDAQ:POWL) VP William Marshall Mauney, Jr. sold 2,500 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $323.69, for a total transaction of $809,225.00. Following the transaction, the vice president directly owned 10,853 shares in the company, valued at approximately $3,513,007.57. This represents a 18.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Powell Industries Stock Down 2.3%

Shares of NASDAQ POWL opened at $300.84 on Thursday. The firm has a market cap of $10.96 billion, a PE ratio of 58.87, a P/E/G ratio of 4.02 and a beta of 1.14. Powell Industries, Inc. has a 12-month low of $54.75 and a 12-month high of $328.00. The company’s fifty day simple moving average is $217.56 and its 200 day simple moving average is $163.47.

Powell Industries (NASDAQ:POWL) last issued its earnings results on Monday, May 4th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.09). The company had revenue of $296.62 million for the quarter, compared to the consensus estimate of $298.12 million. Powell Industries had a return on equity of 28.61% and a net margin of 16.51%.The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.81 earnings per share. On average, equities analysts predict that Powell Industries, Inc. will post 5.47 earnings per share for the current year.

Powell Industries Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, May 20th. Powell Industries’s dividend payout ratio (DPR) is 7.05%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Truist Financial Corp grew its position in shares of Powell Industries by 42.9% during the 3rd quarter. Truist Financial Corp now owns 15,041 shares of the industrial products company’s stock valued at $4,585,000 after acquiring an additional 4,519 shares during the period. Stephens Investment Management Group LLC grew its position in shares of Powell Industries by 6.5% during the 3rd quarter. Stephens Investment Management Group LLC now owns 89,669 shares of the industrial products company’s stock valued at $27,332,000 after acquiring an additional 5,455 shares during the period. Littlejohn Financial Services Inc. bought a new position in shares of Powell Industries during the 3rd quarter valued at approximately $1,078,000. Envestnet Asset Management Inc. grew its position in shares of Powell Industries by 17.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 96,315 shares of the industrial products company’s stock valued at $29,358,000 after acquiring an additional 14,210 shares during the period. Finally, Blackhawk Capital Partners LLC bought a new position in shares of Powell Industries during the 3rd quarter valued at approximately $1,256,000. 89.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on POWL. Zacks Research lowered shares of Powell Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday. Weiss Ratings raised shares of Powell Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Glj Research began coverage on shares of Powell Industries in a research note on Thursday, March 5th. They issued a “hold” rating and a $150.00 price objective on the stock. Cantor Fitzgerald raised their price objective on shares of Powell Industries from $160.00 to $320.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Texas Capital raised shares of Powell Industries to a “strong-buy” rating in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Powell Industries has an average rating of “Moderate Buy” and a consensus price target of $236.67.

Trending Headlines about Powell Industries

Here are the key news stories impacting Powell Industries this week:

• Positive Sentiment: Powell’s recent operating story remains strong after it disclosed a record-setting data center order worth more than $400 million, reinforcing the market’s view that the company is benefiting from AI-driven power infrastructure demand. How Powell Industries (POWL) Became a Direct Play on AI’s Power Bottleneck
• Positive Sentiment: Wall Street has turned more constructive, with JPMorgan raising its price target to $360 and Cantor Fitzgerald lifting its target to $320, which supports the bullish case for the stock. Powell Industries (POWL) Price Target Increased to $360 by JPMorgan
• Neutral Sentiment: A Zacks article said Powell’s diversification beyond oil and gas is gaining traction, with backlog growth and stronger demand in utility and industrial markets, but this was more of a business-update takeaway than a fresh catalyst. Neutral Sentiment: Is Powell Industries’ Diversification Efforts Gaining Traction?
• Negative Sentiment: Sentiment was tempered by a downgrade from Zacks Research to “hold,” suggesting some analysts think the stock’s recent run may be getting stretched. Zacks.com
• Negative Sentiment: An SEC filing showed Vice President William Marshall Mauney Jr. sold 2,500 shares, adding to investor attention on persistent insider selling at Powell Industries. SEC filing for insider transaction

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.