Powell Industries, Inc. (NASDAQ:POWL – Get Free Report) 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 – Get Free Report) 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
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.
Check Out Our Latest Report on Powell Industries
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.
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