Powell Industries (NASDAQ:POWL) Trading Down 4.6% – Time to Sell?

Powell Industries, Inc. (NASDAQ:POWL) shares fell 4.6% on Tuesday . The company traded as low as $267.00 and last traded at $267.05. 158,527 shares were traded during trading, a decline of 57% from the average session volume of 366,658 shares. The stock had previously closed at $279.96.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Powell Industries from a “buy” rating to a “hold” rating in a research note on Friday, October 4th.

Powell Industries Stock Performance

The firm has a fifty day simple moving average of $201.23 and a 200 day simple moving average of $171.08. The company has a market capitalization of $3.20 billion, a PE ratio of 25.35, a P/E/G ratio of 1.56 and a beta of 0.88.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.79 EPS for the quarter, beating the consensus estimate of $2.16 by $1.63. Powell Industries had a return on equity of 33.09% and a net margin of 13.77%. The firm had revenue of $288.17 million for the quarter, compared to analyst estimates of $222.18 million. During the same quarter last year, the firm posted $1.52 earnings per share. The business’s revenue for the quarter was up 49.8% on a year-over-year basis. Research analysts expect that Powell Industries, Inc. will post 12.01 EPS for the current fiscal year.

Powell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.265 per share. The ex-dividend date was Wednesday, August 14th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.40%. Powell Industries’s dividend payout ratio is presently 9.92%.

Insider Activity at Powell Industries

In other Powell Industries news, CEO Brett Alan Cope sold 2,750 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $162.42, for a total transaction of $446,655.00. Following the completion of the sale, the chief executive officer now owns 145,987 shares in the company, valued at $23,711,208.54. This 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 available at the SEC website. In other news, CEO Brett Alan Cope sold 2,750 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $162.42, for a total value of $446,655.00. Following the sale, the chief executive officer now directly owns 145,987 shares in the company, valued at approximately $23,711,208.54. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert B. Callahan sold 1,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $160.00, for a total value of $160,000.00. Following the completion of the sale, the insider now directly owns 11,066 shares of the company’s stock, valued at $1,770,560. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,350 shares of company stock valued at $14,774,341 over the last ninety days. 2.20% of the stock is owned by company insiders.

Institutional Trading of Powell Industries

Several large investors have recently made changes to their positions in POWL. GAMMA Investing LLC boosted its position in Powell Industries by 38.2% during the second quarter. GAMMA Investing LLC now owns 286 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 79 shares in the last quarter. Diversified Trust Co increased its stake in shares of Powell Industries by 7.1% in the 3rd quarter. Diversified Trust Co now owns 1,733 shares of the industrial products company’s stock worth $385,000 after acquiring an additional 115 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Powell Industries by 2.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,294 shares of the industrial products company’s stock valued at $759,000 after purchasing an additional 151 shares during the last quarter. WINTON GROUP Ltd lifted its stake in shares of Powell Industries by 2.9% in the 2nd quarter. WINTON GROUP Ltd now owns 6,224 shares of the industrial products company’s stock valued at $893,000 after purchasing an additional 174 shares during the last quarter. Finally, Texas Permanent School Fund Corp boosted its stake in Powell Industries by 2.2% during the first quarter. Texas Permanent School Fund Corp now owns 8,065 shares of the industrial products company’s stock worth $1,148,000 after buying an additional 175 shares during the period. 89.77% of the stock is owned by hedge funds and other institutional investors.

About Powell Industries

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.