John Birchall Sells 3,000 Shares of Powell Industries (NASDAQ:POWL) Stock

Powell Industries, Inc. (NASDAQ:POWL) Director John Birchall sold 3,000 shares of Powell Industries stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $260.03, for a total value of $780,090.00. Following the transaction, the director owned 6,700 shares of the company’s stock, valued at $1,742,201. This represents a 30.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Powell Industries Stock Performance

Shares of POWL opened at $274.37 on Thursday. The stock has a fifty day moving average of $229.33 and a two-hundred day moving average of $196.91. The company has a market capitalization of $3.31 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 1.36 and a beta of 0.81. Powell Industries, Inc. has a fifty-two week low of $146.02 and a fifty-two week high of $364.98.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.96 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.23. Powell Industries had a net margin of 16.22% and a return on equity of 33.16%. The company had revenue of $286.27 million during the quarter, compared to analysts’ expectations of $301.69 million. During the same period in the prior year, the company posted $3.79 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. As a group, equities research analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be paid a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, August 20th. Powell Industries’s dividend payout ratio (DPR) is currently 7.43%.

Hedge Funds Weigh In On Powell Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in POWL. Versant Capital Management Inc purchased a new stake in Powell Industries in the 1st quarter worth approximately $25,000. Brooklyn Investment Group grew its position in Powell Industries by 168.8% in the 1st quarter. Brooklyn Investment Group now owns 172 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 108 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Powell Industries in the 2nd quarter worth $33,000. State of Wyoming acquired a new stake in shares of Powell Industries during the 2nd quarter valued at about $33,000. Finally, Harbour Investments Inc. lifted its holdings in Powell Industries by 1,970.0% during the 1st quarter. Harbour Investments Inc. now owns 207 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 197 shares during the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

About Powell Industries

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.