Powell Industries (NASDAQ:POWL) Shares Down 8.1%

Powell Industries, Inc. (NASDAQ:POWL)’s share price fell 8.1% on Tuesday . The stock traded as low as $152.62 and last traded at $153.88. 129,975 shares traded hands during trading, a decline of 64% from the average session volume of 359,421 shares. The stock had previously closed at $167.44.

Wall Street Analyst Weigh In

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

Powell Industries Price Performance

The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 1.00 and a beta of 0.87. The business has a fifty day moving average of $154.36 and a 200 day moving average of $156.42.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.79 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $222.18 million. During the same period in the prior year, the firm posted $1.52 earnings per share. The firm’s quarterly revenue was up 49.8% on a year-over-year basis. On average, equities research analysts expect that Powell Industries, Inc. will post 12.01 EPS for the current year.

Powell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 14th will be given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Wednesday, August 14th. Powell Industries’s payout ratio is 12.59%.

Insider Buying and Selling at Powell Industries

In other Powell Industries news, EVP Michael William Metcalf sold 5,800 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $157.52, for a total value of $913,616.00. Following the sale, the executive vice president now owns 37,400 shares of the company’s stock, valued at $5,891,248. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Powell Industries news, Director James W. Mcgill sold 6,600 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $185.84, for a total value of $1,226,544.00. Following the sale, the director now owns 9,660 shares of the company’s stock, valued at $1,795,214.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael William Metcalf sold 5,800 shares of the company’s stock in a transaction on Friday, June 7th. The stock was 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 approximately $5,891,248. The disclosure for this sale can be found here. Insiders have sold a total of 18,900 shares of company stock valued at $3,138,168 over the last quarter. 2.20% of the stock is owned by company insiders.

Institutional Trading of Powell Industries

A number of large investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its position in shares of 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 acquiring an additional 79 shares during the period. New York State Teachers Retirement System increased its position in shares of Powell Industries by 1.2% during the first quarter. New York State Teachers Retirement System now owns 8,208 shares of the industrial products company’s stock worth $1,168,000 after acquiring an additional 100 shares during the period. Diversified Trust Co increased its position in shares of Powell Industries by 8.7% during the second quarter. Diversified Trust Co now owns 1,618 shares of the industrial products company’s stock worth $232,000 after acquiring an additional 129 shares during the period. Precision Wealth Strategies LLC increased its position in shares of 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 acquiring an additional 142 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in shares of Powell Industries by 2.9% during the second quarter. The Manufacturers Life Insurance Company now owns 5,294 shares of the industrial products company’s stock worth $759,000 after acquiring an additional 151 shares during the period. Hedge funds and other institutional investors own 89.77% of the company’s stock.

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.