Powell Industries, Inc. (NASDAQ:POWL) Announces $0.26 Quarterly Dividend

Powell Industries, Inc. (NASDAQ:POWLGet Free Report) declared a quarterly dividend on Tuesday, January 30th, Zacks reports. Stockholders of record on Wednesday, February 14th will be paid a dividend of 0.262 per share by the industrial products company on Wednesday, March 13th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Tuesday, February 13th.

Powell Industries has raised its dividend by an average of 0.3% annually over the last three years and has increased its dividend every year for the last 1 years. Powell Industries has a dividend payout ratio of 14.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Powell Industries to earn $7.37 per share next year, which means the company should continue to be able to cover its $1.05 annual dividend with an expected future payout ratio of 14.2%.

Powell Industries Stock Up 2.7 %

Shares of POWL stock opened at $151.19 on Monday. Powell Industries has a 12 month low of $38.87 and a 12 month high of $151.85. The company has a market cap of $1.81 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 1.39 and a beta of 0.71. The business’s 50 day moving average is $92.05 and its two-hundred day moving average is $84.49.

Powell Industries (NASDAQ:POWLGet Free Report) last announced its earnings results on Tuesday, January 30th. The industrial products company reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.98. The firm had revenue of $194.00 million during the quarter, compared to the consensus estimate of $182.04 million. Powell Industries had a return on equity of 22.30% and a net margin of 10.10%. The firm’s revenue for the quarter was up 53.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 EPS. As a group, equities analysts expect that Powell Industries will post 7.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Powell Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 1st.

View Our Latest Stock Report on Powell Industries

Insider Buying and Selling

In other Powell Industries news, major shareholder Thomas W. Powell sold 3,270 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $94.77, for a total value of $309,897.90. Following the completion of the sale, the insider now owns 1,740,358 shares in the company, valued at approximately $164,933,727.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Thomas W. Powell sold 5,000 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $90.92, for a total value of $454,600.00. Following the completion of the transaction, the insider now directly owns 1,748,628 shares of the company’s stock, valued at approximately $158,985,257.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Thomas W. Powell sold 3,270 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $94.77, for a total value of $309,897.90. Following the transaction, the insider now owns 1,740,358 shares of the company’s stock, valued at approximately $164,933,727.66. The disclosure for this sale can be found here. Insiders have sold a total of 18,627 shares of company stock valued at $1,709,678 over the last three months. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Powell Industries

Large investors have recently bought and sold shares of the stock. US Bancorp DE boosted its stake in shares of Powell Industries by 2,649.2% in the 4th quarter. US Bancorp DE now owns 4,866 shares of the industrial products company’s stock valued at $430,000 after purchasing an additional 4,689 shares in the last quarter. UBS Group AG boosted its position in Powell Industries by 434.6% in the fourth quarter. UBS Group AG now owns 17,428 shares of the industrial products company’s stock valued at $1,541,000 after buying an additional 14,168 shares in the last quarter. Norges Bank bought a new stake in Powell Industries during the fourth quarter worth about $3,850,000. Deutsche Bank AG grew its stake in Powell Industries by 15.4% during the third quarter. Deutsche Bank AG now owns 4,495 shares of the industrial products company’s stock worth $373,000 after buying an additional 600 shares during the last quarter. Finally, Comerica Bank acquired a new stake in shares of Powell Industries during the third quarter worth approximately $347,000. 66.82% of the stock is currently owned by institutional investors.

Powell Industries Company Profile

(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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Dividend History for Powell Industries (NASDAQ:POWL)

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