Shares of Powell Industries, Inc. (NASDAQ:POWL - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $380.00 and last traded at $380.00, with a volume of 2167 shares changing hands. The stock had previously closed at $346.37.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Powell Industries from a "buy" rating to a "hold" rating in a research report on Thursday.
Check Out Our Latest Research Report on Powell Industries
Powell Industries Price Performance
The firm has a fifty day simple moving average of $231.55 and a 200 day simple moving average of $185.68. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 32.40, a P/E/G ratio of 1.99 and a beta of 0.86.
Powell Industries Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 20th will be paid a dividend of $0.265 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.06 annualized dividend and a yield of 0.30%. Powell Industries's payout ratio is 9.92%.
Insiders Place Their Bets
In other news, Director James W. Mcgill sold 6,600 shares of the firm's stock in a transaction on 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 sale, the director now owns 9,660 shares in the company, valued at approximately $1,795,214.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 approximately $1,795,214.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Thomas W. Powell sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $213.56, for a total value of $5,339,000.00. Following the completion of the transaction, the insider now directly owns 682,265 shares of the company's stock, valued at approximately $145,704,513.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,600 shares of company stock valued at $14,167,686 in the last three months. Company insiders own 2.20% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its position in Powell Industries by 164.0% in the first quarter. BNP Paribas Financial Markets now owns 11,425 shares of the industrial products company's stock valued at $1,626,000 after acquiring an additional 7,098 shares during the period. Mutual of America Capital Management LLC acquired a new position in shares of Powell Industries in the first quarter valued at approximately $226,000. Texas Permanent School Fund Corp increased its holdings in Powell Industries by 2.2% during the 1st quarter. Texas Permanent School Fund Corp now owns 8,065 shares of the industrial products company's stock worth $1,148,000 after purchasing an additional 175 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in Powell Industries by 11.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 5,946 shares of the industrial products company's stock valued at $846,000 after buying an additional 607 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Powell Industries by 1.1% in the first quarter. Swiss National Bank now owns 18,900 shares of the industrial products company's stock valued at $2,689,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 89.77% of the company's stock.
About Powell Industries
(
Get Free Report)
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.
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