Katheryn Baucom Curtis Sells 5,000 Shares of Powell Industries, Inc. (NASDAQ:POWL) Stock

Powell Industries, Inc. (NASDAQ:POWL) Director Katheryn Baucom Curtis sold 5,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $165.79, for a total transaction of $828,950.00. Following the completion of the sale, the director now directly owns 5,260 shares of the company’s stock, valued at $872,055.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Powell Industries Stock Up 0.2 %

Shares of NASDAQ POWL opened at $158.12 on Thursday. Powell Industries, Inc. has a twelve month low of $50.93 and a twelve month high of $197.87. The business has a fifty day simple moving average of $147.45 and a two-hundred day simple moving average of $115.05. The firm has a market cap of $1.90 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 1.26 and a beta of 0.79.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.86. The company had revenue of $255.10 million during the quarter, compared to analyst estimates of $201.45 million. Powell Industries had a net margin of 12.05% and a return on equity of 27.93%. The firm’s revenue for the quarter was up 48.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 earnings per share. On average, research analysts expect that Powell Industries, Inc. will post 9.04 earnings per share for the current year.

Powell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This is an increase from Powell Industries’s previous quarterly dividend of $0.26. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.67%. Powell Industries’s dividend payout ratio (DPR) is currently 12.59%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Powell Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 1st.

Hedge Funds Weigh In On Powell Industries

Several institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in Powell Industries by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 807,985 shares of the industrial products company’s stock valued at $71,427,000 after acquiring an additional 9,177 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Powell Industries by 9.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 380,177 shares of the industrial products company’s stock valued at $31,517,000 after purchasing an additional 31,989 shares in the last quarter. Invesco Ltd. boosted its position in Powell Industries by 28.1% during the third quarter. Invesco Ltd. now owns 156,952 shares of the industrial products company’s stock valued at $13,011,000 after purchasing an additional 34,455 shares in the last quarter. FMR LLC grew its stake in Powell Industries by 1,377.9% in the third quarter. FMR LLC now owns 138,597 shares of the industrial products company’s stock valued at $11,490,000 after purchasing an additional 129,219 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Powell Industries by 23.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 128,017 shares of the industrial products company’s stock worth $10,613,000 after purchasing an additional 24,354 shares in the last quarter. 89.77% of the stock is owned by hedge funds and other institutional investors.

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.