Powell Industries (NASDAQ:POWL) Trading Up 4.4%

Shares of Powell Industries, Inc. (NASDAQ:POWL) were 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 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 research note on Thursday, February 1st.

Powell Industries Price Performance

The business’s 50 day moving average is $148.39 and its 200 day moving average is $109.61. The stock has a market cap of $1.72 billion, a price-to-earnings 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 quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.98. Powell Industries had a net margin of 10.10% and a return on equity of 22.30%. The company had revenue of $194.00 million during the quarter, compared to the consensus estimate of $182.04 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. Powell Industries’s revenue for the quarter was up 53.0% on a year-over-year basis. As a group, analysts forecast that Powell Industries, Inc. will post 7.54 earnings per share for the current year.

Powell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 14th were paid a $0.262 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.05 annualized dividend and a yield of 0.73%. Powell Industries’s dividend payout ratio is presently 16.64%.

Insider Buying and Selling at Powell Industries

In other news, major shareholder Thomas W. Powell sold 6,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $151.36, for a total transaction of $908,160.00. Following the completion of the sale, the insider now owns 714,643 shares in the company, valued at $108,168,364.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Thomas W. Powell sold 6,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $151.36, for a total transaction of $908,160.00. Following the completion of the sale, the insider now owns 714,643 shares in the company, valued at $108,168,364.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher E. Cragg sold 9,000 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $155.13, for a total transaction of $1,396,170.00. Following the sale, the director now owns 12,360 shares of the company’s stock, valued at approximately $1,917,406.80. The disclosure for this sale can be found here. Insiders sold 30,000 shares of company stock worth $4,850,830 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Precision Wealth Strategies LLC raised its holdings in Powell Industries by 4.6% during the fourth quarter. Precision Wealth Strategies LLC now owns 3,255 shares of the industrial products company’s stock worth $288,000 after purchasing an additional 142 shares in the last quarter. AJOVista LLC purchased a new position in Powell Industries during the fourth quarter worth about $29,000. Panagora Asset Management Inc. raised its holdings in Powell Industries by 1.0% during the fourth quarter. Panagora Asset Management Inc. now owns 36,874 shares of the industrial products company’s stock worth $3,260,000 after purchasing an additional 350 shares in the last quarter. Covestor Ltd raised its holdings in Powell Industries by 121.1% during the third quarter. Covestor Ltd now owns 796 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 436 shares in the last quarter. Finally, Yousif Capital Management LLC raised its holdings in Powell Industries by 11.0% during the fourth quarter. Yousif Capital Management LLC now owns 5,047 shares of the industrial products company’s stock worth $446,000 after purchasing an additional 499 shares in the last quarter. 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.