Powell Industries (NASDAQ:POWL) Trading Down 7.1% – Here’s Why

Powell Industries, Inc. (NASDAQ:POWL)’s stock price fell 7.1% during trading on Monday . The company traded as low as $161.23 and last traded at $164.17. 79,322 shares were traded during mid-day trading, a decline of 81% from the average session volume of 425,801 shares. The stock had previously closed at $176.72.

Analysts Set New Price Targets

POWL has been the subject of a number of recent research reports. 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. Roth Capital upgraded Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, StockNews.com upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th.

Powell Industries Price Performance

The company has a 50 day moving average of $199.77 and a 200-day moving average of $236.15. The company has a market capitalization of $2.12 billion, a P/E ratio of 13.36, a PEG ratio of 0.98 and a beta of 0.83.

Powell Industries (NASDAQ:POWL) last posted its 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%. Research analysts predict that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th were paid a $0.2675 dividend. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Wednesday, February 19th. Powell Industries’s dividend payout ratio is presently 8.12%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Powell Industries by 40.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,646 shares of the industrial products company’s stock valued at $365,000 after purchasing an additional 474 shares in the last quarter. Virtue Capital Management LLC purchased a new position in Powell Industries during the fourth quarter valued at $857,000. Heck Capital Advisors LLC bought a new stake in shares of Powell Industries during the 4th quarter valued at $397,000. Montchanin Asset Management LLC grew its position in shares of Powell Industries by 132.9% in the 4th quarter. Montchanin Asset Management LLC now owns 2,515 shares of the industrial products company’s stock worth $557,000 after buying an additional 1,435 shares during the period. Finally, Invst LLC increased its stake in shares of Powell Industries by 3.4% in the 4th quarter. Invst LLC now owns 5,148 shares of the industrial products company’s stock worth $1,141,000 after acquiring an additional 171 shares in the last quarter. 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.