Powell Industries (NASDAQ:POWL) Trading 5.6% Higher

Powell Industries, Inc. (NASDAQ:POWL) was up 5.6% on Monday . The stock traded as high as $169.70 and last traded at $168.92. Approximately 57,139 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 330,825 shares. The stock had previously closed at $159.95.

Wall Street Analysts Forecast Growth

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

Powell Industries Price Performance

The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 1.26 and a beta of 0.79. The company has a fifty day moving average price of $147.80 and a two-hundred day moving average price of $114.75.

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

Powell Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 15th will be paid a $0.265 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This is an increase from Powell Industries’s previous quarterly dividend of $0.26. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.67%. Powell Industries’s dividend payout ratio is 12.59%.

Insider Transactions at Powell Industries

In related news, major shareholder Thomas W. Powell sold 6,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was 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 approximately $108,168,364.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Powell Industries news, Director Christopher E. Cragg sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $155.13, for a total value of $1,396,170.00. Following the completion of the transaction, the director now owns 12,360 shares of the company’s stock, valued at approximately $1,917,406.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Thomas W. Powell sold 6,000 shares of Powell Industries stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $151.36, for a total value of $908,160.00. Following the sale, the insider now directly owns 714,643 shares in the company, valued at approximately $108,168,364.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,000 shares of company stock worth $5,679,780. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AJOVista LLC bought a new position in shares of Powell Industries during the 4th quarter worth about $29,000. Covestor Ltd lifted its position in shares of Powell Industries by 121.1% during the 3rd quarter. Covestor Ltd now owns 796 shares of the industrial products company’s stock worth $66,000 after buying an additional 436 shares during the period. Diversified Trust Co bought a new stake in Powell Industries in the first quarter valued at $212,000. Mutual of America Capital Management LLC acquired a new position in Powell Industries during the first quarter worth $226,000. Finally, Triasima Portfolio Management inc. acquired a new stake in shares of Powell Industries in the 1st quarter valued at $230,000. 89.77% of the stock is owned by 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.