Key Points
- Powell CEO Brett Alan Cope sold 4,440 shares on April 9 at an average price of $233.96 for a total of $1,038,782.40 under a pre‑arranged Rule 10b5‑1 plan, leaving him with 164,851 shares (~$38.6M), a 2.62% reduction in his stake.
- In the most recent quarter Powell reported EPS of $1.13 (beating estimates) on $251.18M revenue (slightly below expectations), with a 30.6% ROE and 16.8% net margin; the stock carries a PE of 44.6 and a market cap of $8.34B.
- The company now pays a quarterly dividend of $0.09 (annualized $0.36, yield ~0.2%), and analysts are mixed on the stock with a MarketBeat consensus target of $142.33 and ratings ranging from Hold to Strong Buy.
Powell Industries, Inc. (NASDAQ:POWL - Get Free Report) CEO Brett Alan Cope sold 4,440 shares of the firm's stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $233.96, for a total transaction of $1,038,782.40. Following the completion of the transaction, the chief executive officer directly owned 164,851 shares of the company's stock, valued at approximately $38,568,539.96. This represents a 2.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Brett Alan Cope also recently made the following trade(s):
- On Thursday, March 12th, Brett Alan Cope sold 4,440 shares of Powell Industries stock. The stock was sold at an average price of $168.27, for a total transaction of $747,104.00.
Powell Industries Price Performance
Shares of POWL opened at $228.99 on Tuesday. The company's fifty day moving average price is $183.48 and its 200-day moving average price is $140.59. Powell Industries, Inc. has a 1-year low of $51.49 and a 1-year high of $237.79. The firm has a market capitalization of $8.34 billion, a PE ratio of 44.64, a price-to-earnings-growth ratio of 3.01 and a beta of 0.81.
Powell Industries (NASDAQ:POWL - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.18. 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 during the quarter, compared to analyst estimates of $255.34 million. During the same quarter last year, the business posted $0.95 EPS. The firm's quarterly revenue was up 4.1% on a year-over-year basis. As a group, research analysts anticipate that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.
Powell Industries Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, February 18th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.2%. Powell Industries's payout ratio is 7.02%.
Analysts Set New Price Targets
Several brokerages recently weighed in on POWL. Wall Street Zen downgraded shares of Powell Industries from a "buy" rating to a "hold" rating in a report on Saturday, March 7th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Powell Industries in a report on Monday, December 29th. Zacks Research upgraded shares of Powell Industries from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 7th. Glj Research initiated coverage on shares of Powell Industries in a report on Thursday, March 5th. They set a "hold" rating and a $150.00 target price for the company. Finally, Texas Capital raised shares of Powell Industries to a "strong-buy" rating in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $142.33.
Get Our Latest Analysis on POWL
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Truist Financial Corp lifted its holdings in Powell Industries by 42.9% during the third quarter. Truist Financial Corp now owns 15,041 shares of the industrial products company's stock valued at $4,585,000 after purchasing an additional 4,519 shares in the last quarter. Tema Etfs LLC increased its stake in shares of Powell Industries by 281.6% during the third quarter. Tema Etfs LLC now owns 53,170 shares of the industrial products company's stock worth $16,207,000 after purchasing an additional 39,238 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in shares of Powell Industries by 6.5% during the third quarter. Stephens Investment Management Group LLC now owns 89,669 shares of the industrial products company's stock worth $27,332,000 after purchasing an additional 5,455 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Powell Industries by 32.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 56,620 shares of the industrial products company's stock worth $17,961,000 after purchasing an additional 14,013 shares during the last quarter. Finally, Littlejohn Financial Services Inc. acquired a new position in shares of Powell Industries during the 3rd quarter worth about $1,078,000. 89.77% of the stock is owned by institutional investors and hedge funds.
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.
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