Powell Industries, Inc. (NASDAQ:POWL) Director Katheryn Baucom Curtis Sells 5,000 Shares

Powell Industries, Inc. (NASDAQ:POWL) Director Katheryn Baucom Curtis sold 5,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $165.79, for a total transaction of $828,950.00. Following the completion of the transaction, the director now owns 5,260 shares in the company, valued at approximately $872,055.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Powell Industries Trading Down 2.4 %

POWL stock opened at $157.76 on Wednesday. Powell Industries, Inc. has a 12-month low of $49.34 and a 12-month high of $197.87. The firm’s 50-day moving average price is $147.80 and its two-hundred day moving average price is $114.75. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.26 and a beta of 0.79.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.86. Powell Industries had a net margin of 12.05% and a return on equity of 27.93%. The company had revenue of $255.10 million for the quarter, compared to analysts’ expectations of $201.45 million. During the same quarter in the previous year, the company earned $0.70 earnings per share. Powell Industries’s quarterly revenue was up 48.8% on a year-over-year basis. Equities analysts predict that Powell Industries, Inc. will post 9.04 EPS for the current year.

Powell Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 15th will be given a dividend of $0.265 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.06 annualized dividend and a dividend yield of 0.67%. This is a boost from Powell Industries’s previous quarterly dividend of $0.26. Powell Industries’s payout ratio is currently 12.59%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Powell Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 1st.

Hedge Funds Weigh In On Powell Industries

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Powell Industries by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 807,985 shares of the industrial products company’s stock valued at $71,427,000 after buying an additional 9,177 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Powell Industries by 9.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 380,177 shares of the industrial products company’s stock worth $31,517,000 after purchasing an additional 31,989 shares during the period. Invesco Ltd. grew its holdings in Powell Industries by 28.1% in the third quarter. Invesco Ltd. now owns 156,952 shares of the industrial products company’s stock worth $13,011,000 after purchasing an additional 34,455 shares during the period. FMR LLC grew its holdings in Powell Industries by 1,377.9% in the third quarter. FMR LLC now owns 138,597 shares of the industrial products company’s stock worth $11,490,000 after purchasing an additional 129,219 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Powell Industries by 23.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 128,017 shares of the industrial products company’s stock worth $10,613,000 after purchasing an additional 24,354 shares during the period. Hedge funds and other institutional investors own 89.77% of the company’s stock.

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.