Powell Industries, Inc. (NASDAQ:POWL – Get Free Report) insider Ping Ni sold 700 shares of the company’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $167.14, for a total transaction of $116,998.00. Following the transaction, the insider owned 5,339 shares in the company, valued at $892,360.46. This represents a 11.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Powell Industries Stock Down 11.5%
Shares of NASDAQ POWL opened at $150.71 on Friday. The firm’s 50-day moving average price is $184.89 and its 200-day moving average price is $231.99. Powell Industries, Inc. has a 52-week low of $92.59 and a 52-week high of $328.00. The company has a market cap of $5.49 billion, a PE ratio of 28.93, a PEG ratio of 1.77 and a beta of 1.17.
Powell Industries (NASDAQ:POWL – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The industrial products company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.07). The company had revenue of $311.74 million for the quarter, compared to analysts’ expectations of $316.70 million. Powell Industries had a net margin of 16.49% and a return on equity of 27.51%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.96 earnings per share. As a group, equities research analysts anticipate that Powell Industries, Inc. will post 5.36 EPS for the current fiscal year.
Powell Industries Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, August 19th. Powell Industries’s payout ratio is 6.91%.
Hedge Funds Weigh In On Powell Industries
A number of institutional investors and hedge funds have recently made changes to their positions in POWL. James Investment Research Inc. grew its position in Powell Industries by 7.0% during the third quarter. James Investment Research Inc. now owns 7,464 shares of the industrial products company’s stock valued at $1,377,000 after buying an additional 488 shares during the period. Root Financial Partners LLC purchased a new stake in Powell Industries during the third quarter valued at approximately $26,000. Diversify Advisory Services LLC bought a new position in Powell Industries in the third quarter worth approximately $255,000. IFP Advisors Inc raised its position in Powell Industries by 55.5% in the third quarter. IFP Advisors Inc now owns 2,011 shares of the industrial products company’s stock worth $371,000 after acquiring an additional 718 shares during the period. Finally, Howard Capital Management Group LLC raised its position in Powell Industries by 38.9% in the third quarter. Howard Capital Management Group LLC now owns 2,500 shares of the industrial products company’s stock worth $461,000 after acquiring an additional 700 shares during the period. Hedge funds and other institutional investors own 89.77% of the company’s stock.
Wall Street Analysts Forecast Growth
POWL has been the subject of a number of research reports. Cantor Fitzgerald reiterated a “neutral” rating and set a $235.00 target price on shares of Powell Industries in a research note on Thursday, October 1st. Weiss Ratings downgraded Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. cut their price objective on Powell Industries from $300.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. Finally, Glj Research upgraded Powell Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Powell Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.92.
Check Out Our Latest Report on POWL
About Powell Industries
Powell Industries, Inc is a Houston-based manufacturer of custom-engineered electrical equipment and systems used to control, distribute and monitor electrical power. The company serves industrial and utility customers that require equipment designed for demanding operating environments, including facilities with high-voltage, hazardous or highly regulated applications.
Its product portfolio includes medium- and high-voltage metal-clad switchgear, motor control centers, electrical houses and enclosures, control panels, switchboards, bus systems and related protection and control equipment.
Featured Articles
- Five stocks we like better than Powell Industries
- Is Texas Instruments Setting Up for Its Next Big Breakout?
- Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow
- Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was
- Tesla’s Flying-Car Hype Hits an Earnings Reality Check
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.
