Powell Industries (NASDAQ:POWL) Shares Down 6.2% – What’s Next?

Powell Industries, Inc. (NASDAQ:POWL) traded down 6.2% during mid-day trading on Wednesday . The stock traded as low as $196.17 and last traded at $195.46. 261,439 shares changed hands during trading, a decline of 48% from the average session volume of 504,123 shares. The stock had previously closed at $208.30.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Roth Mkm assumed coverage on 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 upgraded Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, StockNews.com downgraded Powell Industries from a “buy” rating to a “hold” rating in a research report on Saturday.

Powell Industries Stock Down 6.7 %

The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 1.11 and a beta of 0.87. The business has a 50-day simple moving average of $240.62 and a two-hundred day simple moving average of $234.32.

Powell Industries (NASDAQ:POWL) last released its earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates 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, analysts forecast that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th will be given a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 0.55%. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, February 19th. Powell Industries’s dividend payout ratio is 8.05%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Principal Securities Inc. bought a new position in shares of Powell Industries in the fourth quarter valued at $26,000. Hollencrest Capital Management bought a new position in shares of Powell Industries in the third quarter valued at $30,000. Quest Partners LLC bought a new position in shares of Powell Industries in the third quarter valued at $35,000. Smartleaf Asset Management LLC increased its holdings in shares of Powell Industries by 455.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company’s stock valued at $37,000 after buying an additional 132 shares in the last quarter. Finally, Blue Trust Inc. bought a new position in shares of Powell Industries in the fourth quarter valued at $40,000. Institutional investors own 89.77% of the company’s stock.

About Powell Industries

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.