Powell Industries (NASDAQ:POWL) Stock Price Down 7.1% – Time to Sell?

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Roth Mkm initiated coverage on shares of Powell Industries in a research report on Wednesday, December 11th. They set a “buy” rating and a $312.00 price objective for the company. Roth Capital raised Powell Industries to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, StockNews.com upgraded Powell Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th.

Powell Industries Price Performance

The firm’s fifty day moving average price is $203.86 and its 200-day moving average price is $236.07. The firm has a market capitalization of $2.06 billion, a P/E ratio of 12.99, a PEG ratio of 0.98 and a beta of 0.83.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.03. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. Analysts expect that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th were issued a $0.2675 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $1.07 annualized dividend and a dividend yield of 0.63%. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend payout ratio is currently 8.12%.

Institutional Investors Weigh In On Powell Industries

Several hedge funds have recently modified their holdings of POWL. Invesco Ltd. lifted its holdings in shares of Powell Industries by 134.0% in the fourth quarter. Invesco Ltd. now owns 265,139 shares of the industrial products company’s stock valued at $58,768,000 after purchasing an additional 151,850 shares in the last quarter. Wellington Management Group LLP purchased a new position in Powell Industries in the third quarter valued at about $30,038,000. Raymond James Financial Inc. acquired a new position in Powell Industries in the 4th quarter worth about $22,556,000. BNP Paribas Financial Markets lifted its holdings in shares of Powell Industries by 795.9% during the 4th quarter. BNP Paribas Financial Markets now owns 81,819 shares of the industrial products company’s stock valued at $18,135,000 after buying an additional 72,686 shares during the last quarter. Finally, WCM Investment Management LLC bought a new stake in Powell Industries in the fourth quarter worth $14,261,000. 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.