Powell Industries, Inc. (NASDAQ:POWL – Get Free Report) CEO Brett Alan Cope sold 4,440 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $241.55, for a total value of $1,072,482.00. Following the sale, the chief executive officer owned 517,233 shares in the company, valued at approximately $124,937,631.15. The trade was a 0.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Brett Alan Cope also recently made the following trade(s):
- On Thursday, May 14th, Brett Alan Cope sold 4,440 shares of Powell Industries stock. The stock was sold at an average price of $301.00, for a total value of $1,336,440.00.
Powell Industries Stock Performance
Shares of POWL stock opened at $232.19 on Monday. Powell Industries, Inc. has a fifty-two week low of $68.33 and a fifty-two week high of $328.00. The stock has a 50 day simple moving average of $283.79 and a two-hundred day simple moving average of $212.42. The company has a market cap of $8.46 billion, a P/E ratio of 45.44, a PEG ratio of 3.03 and a beta of 1.13.
Powell Industries Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Wednesday, May 20th. Powell Industries’s payout ratio is presently 7.05%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Greenline Wealth Management LLC acquired a new position in shares of Powell Industries during the fourth quarter valued at about $29,000. Avanza Fonder AB bought a new stake in shares of Powell Industries during the fourth quarter worth about $30,000. Hollencrest Capital Management acquired a new stake in shares of Powell Industries in the 1st quarter worth about $54,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Powell Industries by 183.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 105 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 68 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in Powell Industries by 126.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 113 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 63 shares in the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have commented on POWL. Texas Capital upgraded shares of Powell Industries to a “strong-buy” rating in a report on Friday, March 27th. JPMorgan Chase & Co. upped their price objective on shares of Powell Industries from $310.00 to $360.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Cantor Fitzgerald raised their target price on Powell Industries from $160.00 to $320.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Weiss Ratings upgraded Powell Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Finally, Zacks Research lowered Powell Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Powell Industries presently has an average rating of “Moderate Buy” and an average price target of $236.67.
Read Our Latest Research Report on Powell Industries
About Powell Industries
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.
Featured Articles
- Five stocks we like better than Powell Industries
- 3 Rare-Earth ETFs That Help Investors Balance Exposure and Risk
- Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs
- Delta Air Lines Lives Up to Its Claims: Shares Can Keep Climbing
- This Dividend ETF Choice Could Shape Your Income Strategy Through 2026
Receive News & Ratings for Powell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Powell Industries and related companies with MarketBeat.com's FREE daily email newsletter.
