Powell Industries (NASDAQ:POWL) Trading Down 5.7%

Powell Industries, Inc. (NASDAQ:POWLGet Free Report) fell 5.7% on Friday . The stock traded as low as $148.07 and last traded at $148.08. 25,452 shares were traded during mid-day trading, a decline of 92% from the average session volume of 331,674 shares. The stock had previously closed at $156.96.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Analysis on Powell Industries

Powell Industries Stock Down 2.0 %

The company’s fifty day moving average is $162.60 and its two-hundred day moving average is $134.81. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 1.30 and a beta of 0.92.

Powell Industries (NASDAQ:POWLGet Free Report) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.86. The company had revenue of $255.10 million for the quarter, compared to analyst estimates of $201.45 million. Powell Industries had a net margin of 12.05% and a return on equity of 27.93%. The business’s revenue for the quarter was up 48.8% compared to the same quarter last year. During the same period last year, the business posted $0.70 earnings per share. On average, equities research analysts expect that Powell Industries, Inc. will post 9.04 EPS for the current year.

Powell Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 15th were issued a $0.265 dividend. The ex-dividend date was Tuesday, May 14th. This is a positive change from Powell Industries’s previous quarterly dividend of $0.26. This represents a $1.06 annualized dividend and a yield of 0.69%. Powell Industries’s dividend payout ratio (DPR) is 12.59%.

Insiders Place Their Bets

In other Powell Industries news, EVP Michael William Metcalf sold 5,800 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $157.52, for a total value of $913,616.00. Following the sale, the executive vice president now directly owns 37,400 shares in the company, valued at $5,891,248. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Katheryn Baucom Curtis sold 5,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $165.79, for a total transaction of $828,950.00. Following the sale, the director now directly owns 5,260 shares in the company, valued at $872,055.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael William Metcalf sold 5,800 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $157.52, for a total transaction of $913,616.00. Following the sale, the executive vice president now owns 37,400 shares in the company, valued at $5,891,248. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,900 shares of company stock worth $6,080,681. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Powell Industries

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tactive Advisors LLC bought a new position in Powell Industries in the first quarter valued at $439,000. Invst LLC grew its position in Powell Industries by 48.5% in the first quarter. Invst LLC now owns 2,705 shares of the industrial products company’s stock valued at $370,000 after purchasing an additional 883 shares in the last quarter. Virtu Financial LLC grew its position in Powell Industries by 198.8% in the first quarter. Virtu Financial LLC now owns 7,243 shares of the industrial products company’s stock valued at $1,031,000 after purchasing an additional 4,819 shares in the last quarter. Plato Investment Management Ltd bought a new position in Powell Industries in the first quarter valued at $50,000. Finally, Tidal Investments LLC bought a new position in Powell Industries in the first quarter valued at $1,171,000. 89.77% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading

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