Powell Industries (NASDAQ:POWL) Trading Down 7.1% - Time to Sell?

Powell Industries, Inc. (NASDAQ:POWL - Get Free Report)'s share price dropped 7.1% during trading on Monday . The stock traded as low as $161.23 and last traded at $164.17. Approximately 79,322 shares traded hands during trading, a decline of 81% from the average daily volume of 425,801 shares. The stock had previously closed at $176.72.

Analysts Set New Price Targets

Several equities research analysts have recently commented on POWL shares. StockNews.com upgraded Powell Industries from a "hold" rating to a "buy" rating in a report on Tuesday, March 11th. Roth Capital upgraded shares of Powell Industries to a "strong-buy" rating in a research report on Tuesday, December 10th. Finally, Roth Mkm began coverage on 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 Down 3.2 %

The firm has a market cap of $1.98 billion, a P/E ratio of 12.49, a P/E/G ratio of 0.98 and a beta of 0.83. The business has a fifty day simple moving average of $194.76 and a 200-day simple moving average of $235.31.

Powell Industries (NASDAQ:POWL - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.03. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. On average, sell-side analysts anticipate that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

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Powell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th were issued a dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a yield of 0.65%. This is a boost from Powell Industries's previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, February 19th. Powell Industries's dividend payout ratio is presently 8.12%.

Hedge Funds Weigh In On Powell Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc acquired a new position in shares of Powell Industries in the 1st quarter valued at about $25,000. Principal Securities Inc. acquired a new stake in shares of Powell Industries during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC increased its holdings in shares of Powell Industries by 455.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 132 shares in the last quarter. Blue Trust Inc. purchased a new position in Powell Industries during the fourth quarter worth approximately $40,000. Finally, GeoWealth Management LLC grew its holdings in Powell Industries by 123.8% in the fourth quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 99 shares during the period. 89.77% of the stock is owned by hedge funds and other 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.