Thomas W. Powell Sells 25,000 Shares of Powell Industries, Inc. (NASDAQ:POWL) Stock

Powell Industries, Inc. (NASDAQ:POWL) major shareholder Thomas W. Powell sold 25,000 shares of Powell Industries stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $213.56, for a total transaction of $5,339,000.00. Following the completion of the sale, the insider now directly owns 682,265 shares in the company, valued at approximately $145,704,513.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Powell Industries Stock Up 1.9 %

Shares of POWL stock traded up $4.06 on Thursday, reaching $215.76. 188,982 shares of the stock were exchanged, compared to its average volume of 364,148. Powell Industries, Inc. has a 1-year low of $72.51 and a 1-year high of $223.96. The stock has a market cap of $2.59 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 1.29 and a beta of 0.87. The firm has a 50 day moving average of $165.05 and a two-hundred day moving average of $157.87.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.79 EPS for the quarter, beating the consensus estimate 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 last year, the firm posted $1.52 earnings per share. Powell Industries’s revenue for the quarter was up 49.8% compared to the same quarter last year. On average, equities research analysts predict that Powell Industries, Inc. will post 12.01 EPS for the current fiscal year.

Powell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 14th were paid a $0.265 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.49%. Powell Industries’s dividend payout ratio (DPR) is currently 12.59%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Powell Industries from a “buy” rating to a “hold” rating in a research note on Tuesday.

Institutional Trading of Powell Industries

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Powell Industries by 38.2% during the 2nd quarter. GAMMA Investing LLC now owns 286 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 79 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of Powell Industries during the second quarter worth about $47,000. Quarry LP acquired a new position in shares of Powell Industries in the second quarter worth about $48,000. Plato Investment Management Ltd purchased a new position in Powell Industries in the first quarter valued at about $50,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Powell Industries in the 2nd quarter valued at approximately $72,000. Institutional investors and hedge funds 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.