Key Points
- Insider sale: Ping Ni sold 70 shares of Powell on Feb. 11 at an average price of $590 for $41,300, trimming their holding by 3.34% to 2,023 shares valued at $1,193,570.
- Quarterly results: Powell reported $3.40 EPS vs. $2.85 expected and strong profitability (ROE 30.64%, net margin 16.82%), while revenue of $251.18M was slightly below estimates; the company also declared a $0.27 quarterly dividend (yield ~0.2%, ex-div Feb. 18).
- Market position and sentiment: Shares trade near $593 (1‑year high $612.50) with a $7.2B market cap and P/E ~38.5, about 89.8% owned by institutions, and a consensus rating of "Moderate Buy" with an average target of $415.50.
Powell Industries, Inc. (NASDAQ:POWL - Get Free Report) insider Ping Ni sold 70 shares of the company's stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $590.00, for a total transaction of $41,300.00. Following the transaction, the insider directly owned 2,023 shares in the company, valued at $1,193,570. The trade was a 3.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.
Powell Industries Stock Performance
Shares of NASDAQ POWL opened at $592.90 on Friday. The firm has a market cap of $7.20 billion, a P/E ratio of 38.53, a price-to-earnings-growth ratio of 2.69 and a beta of 0.85. Powell Industries, Inc. has a 1 year low of $146.02 and a 1 year high of $612.50. The firm's 50 day moving average price is $401.44 and its 200 day moving average price is $336.47.
Powell Industries (NASDAQ:POWL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $3.40 earnings per share for the quarter, topping analysts' consensus estimates of $2.85 by $0.55. Powell Industries had a return on equity of 30.64% and a net margin of 16.82%.The company had revenue of $251.18 million for the quarter, compared to analyst estimates of $255.34 million. During the same quarter in the prior year, the company posted $2.86 EPS. The business's revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, equities analysts predict that Powell Industries, Inc. will post 13.71 EPS for the current year.
Powell Industries Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 18th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.2%. This is a boost from Powell Industries's previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, February 18th. Powell Industries's dividend payout ratio (DPR) is currently 6.95%.
Institutional Trading of Powell Industries
Institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in Powell Industries by 1,230,312.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 775,160 shares of the industrial products company's stock valued at $247,106,000 after buying an additional 775,097 shares during the period. Kovitz Investment Group Partners LLC increased its position in shares of Powell Industries by 42.2% in the third quarter. Kovitz Investment Group Partners LLC now owns 2,314,474 shares of the industrial products company's stock worth $705,475,000 after acquiring an additional 686,588 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Powell Industries by 65.8% in the 3rd quarter. First Trust Advisors LP now owns 615,067 shares of the industrial products company's stock valued at $187,479,000 after acquiring an additional 244,051 shares during the period. Voss Capital LP acquired a new position in shares of Powell Industries during the 2nd quarter valued at $38,904,000. Finally, Summit Partners Public Asset Management LLC acquired a new position in shares of Powell Industries during the 3rd quarter valued at $43,515,000. Hedge funds and other institutional investors own 89.77% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on POWL. Wall Street Zen downgraded shares of Powell Industries from a "buy" rating to a "hold" rating in a research note on Monday, January 19th. Cantor Fitzgerald upped their price target on shares of Powell Industries from $427.00 to $481.00 and gave the stock a "neutral" rating in a research report on Thursday, February 5th. Roth Mkm reaffirmed a "buy" rating and set a $350.00 price target on shares of Powell Industries in a research note on Wednesday, November 19th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Powell Industries in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $415.50.
Read Our Latest Stock Report on POWL
About Powell Industries
(
Get Free Report)
Powell Industries, Inc is an industrial electrical engineering company specializing in the design, manufacture and integration of customized power control and distribution solutions. The firm's offerings range from medium‐voltage switchgear and power control centers to bus duct, motor control centers and specialty transformers. Powell also provides automation systems, protective relaying, metering, supervisory control and data acquisition (SCADA) platforms, and turnkey engineering services to help clients manage critical power infrastructure.
Serving the oil and gas, petrochemical, refining, utility, mining and industrial sectors, Powell's products are engineered to meet demanding performance, safety and reliability requirements.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
