Powell Industries (NASDAQ:POWL) Hits New 12-Month High at $211.99

Powell Industries, Inc. (NASDAQ:POWL)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $211.99 and last traded at $211.49, with a volume of 19286 shares trading hands. The stock had previously closed at $206.34.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Powell Industries from a “hold” rating to a “buy” rating in a report on Thursday, June 6th.

Powell Industries Price Performance

The company has a market capitalization of $2.56 billion, a P/E ratio of 24.51, a PEG ratio of 1.01 and a beta of 0.87. The stock’s fifty day simple moving average is $160.47 and its 200-day simple moving average is $156.58.

Powell Industries (NASDAQ:POWL) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $2.16 by $1.63. The firm had revenue of $288.17 million during the quarter, compared to the consensus estimate of $222.18 million. Powell Industries had a return on equity of 33.09% and a net margin of 13.77%. The firm’s revenue for the quarter was up 49.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.52 EPS. On average, research analysts predict that Powell Industries, Inc. will post 12.01 earnings per share for the current year.

Powell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 14th were given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Wednesday, August 14th. Powell Industries’s dividend payout ratio (DPR) is currently 12.59%.

Insider Activity at Powell Industries

In related news, Director James W. Mcgill sold 6,600 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $185.84, for a total value of $1,226,544.00. Following the completion of the sale, the director now owns 9,660 shares in the company, valued at $1,795,214.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Powell Industries news, Director James W. Mcgill sold 6,600 shares of Powell Industries stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $185.84, for a total transaction of $1,226,544.00. Following the sale, the director now owns 9,660 shares in the company, valued at $1,795,214.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brett Alan Cope sold 2,750 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $142.31, for a total transaction of $391,352.50. Following the completion of the sale, the chief executive officer now directly owns 148,737 shares in the company, valued at approximately $21,166,762.47. The disclosure for this sale can be found here. Insiders sold a total of 13,100 shares of company stock worth $2,224,552 in the last ninety days. 2.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Powell Industries

Institutional investors have recently added to or reduced their stakes in the company. Cim LLC bought a new stake in Powell Industries during the 2nd quarter worth about $222,000. Dana Investment Advisors Inc. bought a new stake in shares of Powell Industries during the second quarter valued at approximately $1,460,000. Quarry LP acquired a new stake in shares of Powell Industries in the second quarter valued at approximately $48,000. Invst LLC raised its position in Powell Industries by 55.3% in the 2nd quarter. Invst LLC now owns 4,201 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 1,496 shares during the last quarter. Finally, Creative Planning bought a new position in Powell Industries in the 2nd quarter worth approximately $310,000. 89.77% of the stock is owned by institutional investors.

Powell Industries Company Profile

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.