Powell Industries (NASDAQ:POWL) CEO Sells $900,628.33 in Stock

Powell Industries, Inc. (NASDAQ:POWL – Get Free Report) CEO Brett Cope sold 4,799 shares of the stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $187.67, for a total value of $900,628.33. Following the completion of the transaction, the chief executive officer directly owned 507,934 shares of the company’s stock, valued at approximately $95,323,973.78. The trade was a 0.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Brett Alan Cope also recently made the following trade(s):

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• On Thursday, July 9th, Brett Cope sold 4,440 shares of Powell Industries stock. The stock was sold at an average price of $241.55, for a total transaction of $1,072,482.00.

Powell Industries Price Performance

Shares of POWL opened at $196.10 on Monday. The firm has a 50-day moving average price of $192.96 and a 200 day moving average price of $231.97. The firm has a market capitalization of $7.14 billion, a PE ratio of 37.64, a P/E/G ratio of 2.04 and a beta of 1.17. Powell Industries, Inc. has a 52-week low of $92.59 and a 52-week high of $328.00.

Powell Industries (NASDAQ:POWL – Get Free Report) last released its earnings results on Monday, August 3rd. The industrial products company reported $1.42 EPS 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 analyst estimates of $316.70 million. Powell Industries had a net margin of 16.49% and a return on equity of 27.51%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $3.96 EPS. On average, equities analysts expect that Powell Industries, Inc. will post 5.36 EPS for the current year.

Powell Industries Announces Dividend

The company 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 was Wednesday, August 19th. Powell Industries’s dividend payout ratio is 6.91%.

Institutional Investors Weigh In On Powell Industries

A number of institutional investors and hedge funds have recently modified their holdings of POWL. BlackRock Inc. purchased a new position in Powell Industries in the 2nd quarter worth about $1,033,376,000. Voss Capital LP lifted its stake in Powell Industries by 18.6% during the fourth quarter. Voss Capital LP now owns 350,000 shares of the industrial products company’s stock valued at $111,573,000 after buying an additional 55,000 shares in the last quarter. Jupiter Topco LLC purchased a new stake in Powell Industries during the second quarter valued at about $93,845,000. Tidal Investments LLC boosted its holdings in shares of Powell Industries by 222.3% in the second quarter. Tidal Investments LLC now owns 282,483 shares of the industrial products company’s stock worth $80,892,000 after buying an additional 194,840 shares during the period. Finally, Tema ETFs LLC boosted its holdings in shares of Powell Industries by 217.3% in the second quarter. Tema ETFs LLC now owns 268,692 shares of the industrial products company’s stock worth $76,943,000 after buying an additional 184,010 shares during the period. 89.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on POWL shares. Cantor Fitzgerald reiterated a “neutral” rating and set a $235.00 price target on shares of Powell Industries in a research report on Thursday. Weiss Ratings lowered Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th. Finally, Glj Research raised Powell Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $215.42.

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Powell Industries Company Profile

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Powell Industries, Inc designs, manufactures and services equipment used to control, monitor and distribute electrical power. Its products include medium-voltage and low-voltage switchgear, motor control centers, electrical control panels, power-control rooms, bus systems and related protection and control equipment. The company also provides engineered electrical systems, field services, equipment modernization, installation support and commissioning services.

Powell serves customers in industries that require reliable and specialized electrical infrastructure, including oil and gas, petrochemical and chemical processing, utilities, mining, transportation, commercial facilities and renewable energy.

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