Brett Alan Cope Sells 1,480 Shares of Powell Industries (NASDAQ:POWL) Stock

Powell Industries, Inc. (NASDAQ:POWL) CEO Brett Alan Cope sold 1,480 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $504.80, for a total value of $747,104.00. Following the transaction, the chief executive officer owned 169,291 shares of the company’s stock, valued at $85,458,096.80. This represents a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Powell Industries Stock Performance

Shares of NASDAQ POWL opened at $522.12 on Wednesday. Powell Industries, Inc. has a 52-week low of $152.89 and a 52-week high of $612.50. The business has a fifty day moving average of $490.05 and a two-hundred day moving average of $383.17. The stock has a market cap of $6.34 billion, a PE ratio of 33.93, a PEG ratio of 2.29 and a beta of 0.82.

Shares of Powell Industries are set to split on the morning of Monday, April 6th. The 3-1 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell on Sunday, April 5th.

Powell Industries (NASDAQ:POWL) last announced its earnings results on Tuesday, February 3rd. The industrial products company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.55. The business had revenue of $251.18 million during the quarter, compared to analysts’ expectations of $255.34 million. Powell Industries had a net margin of 16.82% and a return on equity of 30.64%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the company posted $2.86 EPS. Analysts predict that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 18th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, February 18th. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend payout ratio (DPR) is presently 7.02%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on POWL. Cantor Fitzgerald raised their price target on Powell Industries from $427.00 to $481.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Roth Mkm restated a “buy” rating and issued a $350.00 target price on shares of Powell Industries in a research note on Wednesday, November 19th. Wall Street Zen cut Powell Industries from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Powell Industries in a research report on Monday, December 29th. Finally, Glj Research assumed coverage on shares of Powell Industries in a report on Thursday, March 5th. They set a “hold” rating and a $450.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Powell Industries presently has an average rating of “Moderate Buy” and a consensus price target of $427.00.

Institutional Trading of Powell Industries

Several institutional investors and hedge funds have recently bought and sold shares of POWL. Northwestern Mutual Wealth Management Co. raised its stake in shares of Powell Industries by 1,230,312.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 775,160 shares of the industrial products company’s stock worth $247,106,000 after purchasing an additional 775,097 shares in the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Powell Industries by 42.2% during the third quarter. Kovitz Investment Group Partners LLC now owns 2,314,474 shares of the industrial products company’s stock worth $705,475,000 after buying an additional 686,588 shares during the last quarter. First Trust Advisors LP increased its holdings in Powell Industries by 65.8% during the third quarter. First Trust Advisors LP now owns 615,067 shares of the industrial products company’s stock worth $187,479,000 after buying an additional 244,051 shares during the last quarter. Voss Capital LP bought a new stake in Powell Industries during the second quarter worth $38,904,000. Finally, Summit Partners Public Asset Management LLC acquired a new stake in Powell Industries in the third quarter valued at $43,515,000. Institutional investors own 89.77% of the company’s stock.

Powell Industries Company Profile

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.