Powell Industries (NASDAQ:POWL) Shares Down 5.9% – Time to Sell?

Powell Industries, Inc. (NASDAQ:POWL) shares fell 5.9% on Thursday . The company traded as low as $226.00 and last traded at $226.19. 128,658 shares changed hands during trading, a decline of 72% from the average session volume of 460,607 shares. The stock had previously closed at $240.50.

Wall Street Analysts Forecast Growth

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

Powell Industries Stock Performance

The firm’s fifty day moving average price is $254.18 and its 200 day moving average price is $225.59. The firm has a market cap of $2.85 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 1.62 and a beta of 0.88.

Powell Industries Announces Dividend

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

Insider Buying and Selling at Powell Industries

In related news, major shareholder Thomas W. Powell sold 5,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 677,265 shares of the company’s stock, valued at $235,512,131.10. This represents a 0.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Powell Industries

Hedge funds have recently modified their holdings of the stock. Hollencrest Capital Management acquired a new position in Powell Industries during the 3rd quarter valued at approximately $30,000. Quest Partners LLC purchased a new position in Powell Industries in the 3rd quarter worth $35,000. Blue Trust Inc. acquired a new stake in Powell Industries during the 4th quarter worth about $40,000. Farther Finance Advisors LLC grew its stake in Powell Industries by 110.5% during the 3rd 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 during the last quarter. Finally, Covestor Ltd increased its holdings in shares of Powell Industries by 21.8% in the third quarter. Covestor Ltd now owns 229 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 41 shares during the period. 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.