Thomas W. Powell Sells 10,000 Shares of Powell Industries, Inc. (NASDAQ:POWL) Stock

Powell Industries, Inc. (NASDAQ:POWL) major shareholder Thomas W. Powell sold 10,000 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $246.14, for a total transaction of $2,461,400.00. Following the transaction, the insider now owns 1,658,328 shares in the company, valued at $408,180,853.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Powell Industries Price Performance

POWL traded up $2.84 on Wednesday, reaching $255.01. 543,659 shares of the company’s stock were exchanged, compared to its average volume of 368,936. The stock’s fifty day moving average price is $182.41 and its 200-day moving average price is $162.94. Powell Industries, Inc. has a twelve month low of $72.51 and a twelve month high of $260.55. The stock has a market cap of $3.06 billion, a PE ratio of 30.29, a P/E/G ratio of 1.33 and a beta of 0.88.

Powell Industries (NASDAQ:POWL) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $1.63. Powell Industries had a net margin of 13.77% and a return on equity of 33.09%. The company had revenue of $288.17 million for the quarter, compared to the consensus estimate of $222.18 million. During the same period in the previous year, the firm earned $1.52 earnings per share. Powell Industries’s quarterly revenue was up 49.8% compared to the same quarter last year. As a group, research analysts predict that Powell Industries, Inc. will post 12.01 earnings per share for the current fiscal year.

Powell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 14th were paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date was Wednesday, August 14th. Powell Industries’s dividend payout ratio (DPR) is presently 12.59%.

Hedge Funds Weigh In On Powell Industries

A number of institutional investors have recently bought and sold shares of POWL. GAMMA Investing LLC raised its stake in shares of Powell Industries by 38.2% in the 2nd quarter. GAMMA Investing LLC now owns 286 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 79 shares during the period. Diversified Trust Co raised its stake in shares of Powell Industries by 7.1% in the 3rd quarter. Diversified Trust Co now owns 1,733 shares of the industrial products company’s stock valued at $385,000 after acquiring an additional 115 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Powell Industries by 2.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,294 shares of the industrial products company’s stock valued at $759,000 after acquiring an additional 151 shares during the period. WINTON GROUP Ltd raised its stake in shares of Powell Industries by 2.9% in the 2nd quarter. WINTON GROUP Ltd now owns 6,224 shares of the industrial products company’s stock valued at $893,000 after acquiring an additional 174 shares during the period. Finally, Texas Permanent School Fund Corp raised its stake in shares of Powell Industries by 2.2% in the 1st quarter. Texas Permanent School Fund Corp now owns 8,065 shares of the industrial products company’s stock valued at $1,148,000 after acquiring an additional 175 shares during the period. 89.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Powell Industries from a “buy” rating to a “hold” rating in a research report on Friday, October 4th.

About Powell Industries

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.