Powell Industries (NASDAQ:POWL) Trading Up 4.4%

Powell Industries, Inc. (NASDAQ:POWL) was up 4.4% during trading on Monday . The company traded as high as $138.09 and last traded at $136.13. Approximately 61,754 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 318,343 shares. The stock had previously closed at $130.34.

Wall Street Analyst Weigh In

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

Powell Industries Trading Up 5.3 %

The business’s fifty day moving average is $148.39 and its 200 day moving average is $109.61. The firm has a market capitalization of $1.72 billion, a P/E ratio of 22.51, a P/E/G ratio of 1.29 and a beta of 0.79.

Powell Industries (NASDAQ:POWL) last released its earnings results on Tuesday, January 30th. The industrial products company reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.98. Powell Industries had a net margin of 10.10% and a return on equity of 22.30%. The business had revenue of $194.00 million for the quarter, compared to the consensus estimate of $182.04 million. During the same period in the previous year, the firm earned $0.10 EPS. The business’s revenue for the quarter was up 53.0% on a year-over-year basis. As a group, sell-side analysts predict that Powell Industries, Inc. will post 7.54 earnings per share for the current fiscal year.

Powell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.262 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 0.73%. Powell Industries’s dividend payout ratio is currently 16.64%.

Insider Activity

In other news, major shareholder Thomas W. Powell sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $151.36, for a total transaction of $908,160.00. Following the sale, the insider now owns 714,643 shares in the company, valued at $108,168,364.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Thomas W. Powell sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $151.36, for a total transaction of $908,160.00. Following the sale, the insider now owns 714,643 shares in the company, valued at $108,168,364.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Thomas W. Powell sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $167.46, for a total transaction of $1,674,600.00. Following the sale, the insider now owns 1,703,628 shares in the company, valued at approximately $285,289,544.88. The disclosure for this sale can be found here. Insiders have sold 30,000 shares of company stock worth $4,850,830 over the last 90 days. 2.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jetstream Capital LLC bought a new stake in Powell Industries in the third quarter worth approximately $2,902,000. Stratos Wealth Partners LTD. grew its position in Powell Industries by 119.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 17,253 shares of the industrial products company’s stock worth $1,525,000 after acquiring an additional 9,393 shares in the last quarter. Raymond James & Associates bought a new stake in Powell Industries in the fourth quarter worth approximately $1,085,000. Invesco Ltd. grew its position in Powell Industries by 28.1% in the third quarter. Invesco Ltd. now owns 156,952 shares of the industrial products company’s stock worth $13,011,000 after acquiring an additional 34,455 shares in the last quarter. Finally, FMR LLC grew its position in Powell Industries by 1,377.9% in the third quarter. FMR LLC now owns 138,597 shares of the industrial products company’s stock worth $11,490,000 after acquiring an additional 129,219 shares in the last quarter. 89.77% of the stock is owned by hedge funds and other 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.