Truist Financial Corp Sells 9,530 Shares of Powell Industries, Inc. $POWL

Truist Financial Corp decreased its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 63.4% during the fourth quarter, Holdings Channel reports. The firm owned 5,511 shares of the industrial products company’s stock after selling 9,530 shares during the quarter. Truist Financial Corp’s holdings in Powell Industries were worth $1,757,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC boosted its stake in shares of Powell Industries by 42.2% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 2,314,474 shares of the industrial products company’s stock worth $705,475,000 after buying an additional 686,588 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Powell Industries by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 706,642 shares of the industrial products company’s stock valued at $225,263,000 after purchasing an additional 6,419 shares during the period. First Trust Advisors LP grew its stake in shares of Powell Industries by 65.8% during the 3rd quarter. First Trust Advisors LP now owns 615,067 shares of the industrial products company’s stock valued at $187,479,000 after purchasing an additional 244,051 shares during the period. State Street Corp grew its stake in shares of Powell Industries by 0.9% during the 2nd quarter. State Street Corp now owns 352,103 shares of the industrial products company’s stock valued at $74,100,000 after purchasing an additional 3,159 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Powell Industries by 2.4% during the 3rd quarter. Invesco Ltd. now owns 348,091 shares of the industrial products company’s stock valued at $106,102,000 after purchasing an additional 8,083 shares during the period. Institutional investors own 89.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on POWL. Zacks Research downgraded Powell Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday. Weiss Ratings raised shares of Powell Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Texas Capital raised shares of Powell Industries to a “strong-buy” rating in a report on Friday, March 27th. 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, Wall Street Zen cut shares of Powell Industries from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $236.67.

Insider Transactions at Powell Industries

In related news, CEO Brett Alan Cope sold 4,440 shares of the business’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $233.96, for a total value of $1,038,782.40. Following the sale, the chief executive officer owned 164,851 shares in the company, valued at approximately $38,568,539.96. The trade was a 2.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP William Marshall Mauney, Jr. sold 2,500 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $323.69, for a total transaction of $809,225.00. Following the completion of the sale, the vice president owned 10,853 shares in the company, valued at $3,513,007.57. This represents a 18.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 174,145 shares of company stock worth $30,008,023. 2.20% of the stock is owned by corporate insiders.

Key Headlines Impacting Powell Industries

Here are the key news stories impacting Powell Industries this week:

• Positive Sentiment: Powell’s business outlook remains strong after it disclosed a record data center order worth more than $400 million, reinforcing the company’s exposure to AI-driven power infrastructure demand. How Powell Industries (POWL) Became a Direct Play on AI’s Power Bottleneck
• Positive Sentiment: Wall Street sentiment has improved, with firms such as JPMorgan and Cantor Fitzgerald raising price targets, signaling confidence in Powell’s growth prospects. Powell Industries (POWL) Price Target Increased to $360 by JPMorgan
• Neutral Sentiment: Analysts still point to strong demand in utility and industrial markets and growing backlog, but some commentary suggests the stock may already reflect much of that good news. Powell Industries (POWL) Valuation Check After Record AI Data Center Order And Strong Utility Demand
• Neutral Sentiment: A valuation-focused article argued Powell may be “fully priced” after its sharp rally, which can limit upside in the near term if growth expectations cool. Powell Industries: +164% Since December, Now A Fully-Priced HOLD
• Negative Sentiment: Zacks Research downgraded Powell Industries from “strong-buy” to “hold,” adding pressure by suggesting the stock’s recent strength may have outpaced fundamentals. Zacks.com downgrade coverage
• Negative Sentiment: Vice President William Marshall Mauney, Jr. sold 2,500 shares, which investors often read as a caution signal when a stock is trading near highs. SEC filing for insider transaction

Powell Industries Stock Down 1.3%

POWL opened at $296.98 on Friday. The firm has a 50-day simple moving average of $220.09 and a two-hundred day simple moving average of $164.70. Powell Industries, Inc. has a 52 week low of $54.75 and a 52 week high of $328.00. The company has a market capitalization of $10.82 billion, a PE ratio of 58.12, a price-to-earnings-growth ratio of 3.93 and a beta of 1.14.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings data on Monday, May 4th. The industrial products company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.09). The company had revenue of $296.62 million for the quarter, compared to the consensus estimate of $298.12 million. Powell Industries had a net margin of 16.51% and a return on equity of 28.61%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the company earned $3.81 EPS. As a group, sell-side analysts expect that Powell Industries, Inc. will post 5.47 earnings per share for the current year.

Powell Industries Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, May 20th. Powell Industries’s dividend payout ratio (DPR) is currently 7.05%.

About Powell Industries

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.