Powell Industries, Inc. (NASDAQ:POWL) Major Shareholder Thomas W. Powell Sells 25,000 Shares of Stock

Powell Industries, Inc. (NASDAQ:POWL) major shareholder Thomas W. Powell sold 25,000 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $213.56, for a total value of $5,339,000.00. Following the transaction, the insider now directly owns 682,265 shares in the company, valued at approximately $145,704,513.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Powell Industries Stock Performance

Shares of POWL opened at $215.76 on Friday. The company has a 50 day moving average price of $166.76 and a 200-day moving average price of $158.27. Powell Industries, Inc. has a fifty-two week low of $72.51 and a fifty-two week high of $223.96. The stock has a market capitalization of $2.59 billion, a PE ratio of 25.62, a PEG ratio of 1.29 and a beta of 0.87.

Powell Industries (NASDAQ:POWL) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $3.79 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $1.63. The company had revenue of $288.17 million during the quarter, compared to analyst estimates of $222.18 million. Powell Industries had a return on equity of 33.09% and a net margin of 13.77%. Powell Industries’s revenue was up 49.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 earnings per share. Equities research analysts forecast that Powell Industries, Inc. will post 12.01 EPS for the current year.

Powell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 14th were paid a $0.265 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.06 annualized dividend and a yield of 0.49%. Powell Industries’s dividend payout ratio (DPR) is presently 12.59%.

Hedge Funds Weigh In On Powell Industries

A number of large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position 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 worth $41,000 after buying an additional 79 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in Powell Industries in the second quarter worth $47,000. Quarry LP acquired a new position in shares of Powell Industries during the second quarter worth $48,000. Plato Investment Management Ltd purchased a new stake in shares of Powell Industries during the 1st quarter valued at $50,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Powell Industries in the 2nd quarter worth $72,000. 89.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Powell Industries from a “buy” rating to a “hold” rating in a research note on Tuesday.

Powell Industries Company Profile

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.