Powell Industries (NASDAQ:POWL) Trading Down 5.9% - What's Next?

Powell Industries, Inc. (NASDAQ:POWL - Get Free Report)'s share price was down 5.9% during trading on Thursday . The stock traded as low as $226.00 and last traded at $226.19. Approximately 128,658 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 460,607 shares. The stock had previously closed at $240.50.

Analysts Set New Price Targets

A number of analysts have commented on POWL shares. StockNews.com downgraded Powell Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, January 22nd. Roth Capital raised Powell Industries to a "strong-buy" rating in a research report on Tuesday, December 10th. Finally, Roth Mkm began coverage on shares of Powell Industries in a report on Wednesday, December 11th. They issued a "buy" rating and a $312.00 price target on the stock.

Powell Industries Stock Performance

The firm has a 50 day moving average price of $251.25 and a two-hundred day moving average price of $228.33. The company has a market capitalization of $2.84 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 1.25 and a beta of 0.87.

Powell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 20th were paid a dividend of $0.265 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.06 annualized dividend and a yield of 0.45%. Powell Industries's dividend payout ratio is currently 8.62%.

Insider Buying and Selling at Powell Industries

In related news, major shareholder Thomas W. Powell sold 5,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $347.74, for a total transaction of $1,738,700.00. Following the sale, the insider now directly owns 677,265 shares in the company, valued at $235,512,131.10. This represents a 0.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.20% of the company's stock.

Hedge Funds Weigh In On Powell Industries

A number of institutional investors and hedge funds have recently bought and sold shares of POWL. Principal Securities Inc. bought a new position in shares of Powell Industries in the fourth quarter valued at about $26,000. Hollencrest Capital Management acquired a new position in shares of Powell Industries during the third quarter worth approximately $30,000. Quest Partners LLC acquired a new position in shares of Powell Industries during the third quarter worth approximately $35,000. Blue Trust Inc. bought a new stake in shares of Powell Industries during the fourth quarter valued at approximately $40,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Powell Industries by 110.5% in the third quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds 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.