Key Points
- Powell Industries VP William Marshall Mauney Jr. sold 2,500 shares on May 11 at an average price of $323.69, totaling about $809,225. After the sale, he still owned 10,853 shares, a reduction of 18.72% in his stake.
- Powell Industries recently reported mixed quarterly results, with earnings of $1.25 per share missing estimates and revenue of $296.62 million slightly below expectations. Even so, revenue rose 6.5% year over year and analysts still forecast full-year EPS of 5.47.
- The stock has drawn both bullish and cautious analyst attention, with JPMorgan raising its target to $360 and Cantor Fitzgerald lifting its target to $320, while Zacks Research downgraded it to “hold.” The company also cut its quarterly dividend to $0.09 per share.
Powell Industries, Inc. (NASDAQ:POWL - Get Free Report) VP William Marshall Mauney, Jr. sold 2,500 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $323.69, for a total transaction of $809,225.00. Following the transaction, the vice president directly owned 10,853 shares of the company's stock, valued at $3,513,007.57. This represents a 18.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Powell Industries Stock Down 2.3%
POWL opened at $300.84 on Thursday. The company has a market capitalization of $10.96 billion, a price-to-earnings ratio of 58.87, a PEG ratio of 4.02 and a beta of 1.14. The firm has a 50-day moving average price of $217.56 and a 200-day moving average price of $163.47. Powell Industries, Inc. has a twelve month low of $54.75 and a twelve month high of $328.00.
Powell Industries (NASDAQ:POWL - Get Free Report) last posted its earnings results on Monday, May 4th. The industrial products company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.09). The business had revenue of $296.62 million during the quarter, compared to analysts' expectations of $298.12 million. Powell Industries had a return on equity of 28.61% and a net margin of 16.51%.Powell Industries's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.81 EPS. On average, sell-side analysts expect that Powell Industries, Inc. will post 5.47 earnings per share for the current fiscal year.
Powell Industries Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $0.36 annualized dividend and a dividend yield of 0.1%. Powell Industries's dividend payout ratio (DPR) is presently 7.05%.
Trending Headlines about Powell Industries
Here are the key news stories impacting Powell Industries this week:
- Positive Sentiment: Powell’s recent operating story remains strong after it disclosed a record-setting data center order worth more than $400 million, reinforcing the market’s view that the company is benefiting from AI-driven power infrastructure demand. How Powell Industries (POWL) Became a Direct Play on AI’s Power Bottleneck
- Positive Sentiment: Wall Street has turned more constructive, with JPMorgan raising its price target to $360 and Cantor Fitzgerald lifting its target to $320, which supports the bullish case for the stock. Powell Industries (POWL) Price Target Increased to $360 by JPMorgan
- Neutral Sentiment: A Zacks article said Powell’s diversification beyond oil and gas is gaining traction, with backlog growth and stronger demand in utility and industrial markets, but this was more of a business-update takeaway than a fresh catalyst. Neutral Sentiment: Is Powell Industries' Diversification Efforts Gaining Traction?
- Negative Sentiment: Sentiment was tempered by a downgrade from Zacks Research to “hold,” suggesting some analysts think the stock’s recent run may be getting stretched. Zacks.com
- Negative Sentiment: An SEC filing showed Vice President William Marshall Mauney Jr. sold 2,500 shares, adding to investor attention on persistent insider selling at Powell Industries. SEC filing for insider transaction
Hedge Funds Weigh In On Powell Industries
A number of hedge funds and other institutional investors have recently bought and sold shares of POWL. Greenline Wealth Management LLC purchased a new position in Powell Industries in the 4th quarter worth approximately $29,000. Avanza Fonder AB purchased a new position in Powell Industries in the 4th quarter worth approximately $30,000. State of Wyoming purchased a new position in Powell Industries in the 2nd quarter worth approximately $33,000. Steward Partners Investment Advisory LLC grew its stake in Powell Industries by 126.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 113 shares of the industrial products company's stock worth $36,000 after buying an additional 63 shares in the last quarter. Finally, First Horizon Corp purchased a new position in Powell Industries in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 89.77% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on POWL. Cantor Fitzgerald lifted their target price on shares of Powell Industries from $160.00 to $320.00 and gave the stock a "neutral" rating in a research note on Monday. Weiss Ratings upgraded shares of Powell Industries from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, May 8th. Glj Research began coverage on shares of Powell Industries in a research note on Thursday, March 5th. They issued a "hold" rating and a $150.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of Powell Industries from $310.00 to $360.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 6th. Finally, Texas Capital upgraded shares of Powell Industries to a "strong-buy" rating in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $236.67.
Check Out Our Latest Stock Analysis on Powell Industries
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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