Powell Industries (NASDAQ:POWL) Shares Down 4.8% - Time to Sell?

Powell Industries, Inc. (NASDAQ:POWL - Get Free Report) shares dropped 4.8% during trading on Monday . The company traded as low as $233.85 and last traded at $234.07. Approximately 190,321 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 388,758 shares. The stock had previously closed at $245.80.

Wall Street Analyst Weigh In

Several brokerages have issued reports on POWL. Roth Capital raised Powell Industries to a "strong-buy" rating in a research note on Tuesday, December 10th. StockNews.com cut Powell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, December 18th. Finally, Roth Mkm assumed coverage on Powell Industries in a research note on Wednesday, December 11th. They issued a "buy" rating and a $312.00 target price for the company.

Powell Industries Stock Performance

The business's 50-day moving average is $276.96 and its 200 day moving average is $207.94. The company has a market cap of $2.81 billion, a PE ratio of 19.05, a PEG ratio of 1.31 and a beta of 0.85.

Powell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 20th were paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Wednesday, November 20th. Powell Industries's dividend payout ratio (DPR) is presently 8.62%.

Insider Activity at Powell Industries

In other news, major shareholder Thomas W. Powell sold 25,000 shares of the company's stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $213.56, for a total transaction of $5,339,000.00. Following the completion of the transaction, the insider now directly owns 682,265 shares of the company's stock, valued at approximately $145,704,513.40. This represents a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 60,000 shares of company stock worth $14,679,842 in the last ninety days. 2.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Hollencrest Capital Management purchased a new position in Powell Industries during the 3rd quarter valued at $30,000. Quest Partners LLC purchased a new position in shares of Powell Industries during the third quarter valued at about $35,000. Farther Finance Advisors LLC raised its stake in Powell Industries by 110.5% in the third quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company's stock worth $44,000 after buying an additional 105 shares in the last quarter. Picton Mahoney Asset Management bought a new position in Powell Industries in the second quarter worth about $47,000. Finally, Quarry LP purchased a new stake in Powell Industries in the second quarter worth about $48,000. 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.