Powell Industries (NASDAQ:POWL) Stock: Insider Ping Ni Sells 700 Shares

Powell Industries, Inc. (NASDAQ:POWL) insider Ping Ni sold 700 shares of the business’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $167.14, for a total value of $116,998.00. Following the sale, the insider owned 5,339 shares of the company’s stock, valued at approximately $892,360.46. This represents a 11.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Powell Industries Stock Up 3.3%

NASDAQ POWL opened at $170.32 on Thursday. The company has a 50-day moving average price of $185.96 and a 200-day moving average price of $232.22. Powell Industries, Inc. has a 52 week low of $92.59 and a 52 week high of $328.00. The firm has a market capitalization of $6.21 billion, a P/E ratio of 32.69, a PEG ratio of 1.71 and a beta of 1.17.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings data on Monday, August 3rd. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.07). The business had revenue of $311.74 million during the quarter, compared to analysts’ expectations of $316.70 million. Powell Industries had a return on equity of 27.51% and a net margin of 16.49%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.96 EPS. As a group, equities research analysts anticipate that Powell Industries, Inc. will post 5.36 EPS for the current year.

Powell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th were given a $0.09 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.36 annualized dividend and a yield of 0.2%. Powell Industries’s dividend payout ratio (DPR) is presently 6.91%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on POWL. Glj Research raised shares of Powell Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Weiss Ratings downgraded Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. Cantor Fitzgerald reissued a “neutral” rating and set a $235.00 price target on shares of Powell Industries in a report on Thursday, October 1st. Finally, JPMorgan Chase & Co. reduced their price target on Powell Industries from $300.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Powell Industries presently has an average rating of “Moderate Buy” and an average target price of $187.92.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. USA Financial Formulas bought a new stake in Powell Industries during the first quarter valued at about $43,000. Hollencrest Capital Management purchased a new position in shares of Powell Industries in the first quarter valued at about $54,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Powell Industries by 183.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 105 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 68 shares in the last quarter. Allworth Financial LP purchased a new position in shares of Powell Industries in the second quarter valued at about $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Powell Industries in the second quarter worth about $34,000. Institutional investors own 89.77% of the company’s stock.

Powell Industries Company Profile

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.