Powell Industries (NASDAQ:POWL) Shares Up 5.6%

Powell Industries, Inc. (NASDAQ:POWL - Get Free Report)'s stock price shot up 5.6% during trading on Monday . The stock traded as high as $169.70 and last traded at $168.92. 57,139 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 330,825 shares. The stock had previously closed at $159.95.

Analysts Set New Price Targets

Separately, StockNews.com lowered Powell Industries from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 1st.

Powell Industries Trading Up 1.0 %

The firm has a market cap of $1.94 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 1.26 and a beta of 0.79. The company has a 50-day simple moving average of $148.18 and a 200 day simple moving average of $113.55.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.86. Powell Industries had a net margin of 12.05% and a return on equity of 27.93%. The firm had revenue of $255.10 million for the quarter, compared to the consensus estimate of $201.45 million. During the same period in the prior year, the firm posted $0.70 earnings per share. The firm's quarterly revenue was up 48.8% compared to the same quarter last year. On average, equities analysts expect that Powell Industries, Inc. will post 9.04 earnings per share for the current year.

Powell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This is a boost from Powell Industries's previous quarterly dividend of $0.26. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.66%. Powell Industries's dividend payout ratio (DPR) is 12.59%.

Insider Buying and Selling

In other Powell Industries news, major shareholder Thomas W. Powell sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $174.38, for a total value of $871,900.00. Following the sale, the insider now directly owns 1,688,628 shares of the company's stock, valued at $294,462,950.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Thomas W. Powell sold 6,000 shares of the business's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $151.36, for a total transaction of $908,160.00. Following the completion of the sale, the insider now owns 714,643 shares of the company's stock, valued at $108,168,364.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Thomas W. Powell sold 5,000 shares of the firm's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $174.38, for a total transaction of $871,900.00. Following the completion of the transaction, the insider now directly owns 1,688,628 shares in the company, valued at $294,462,950.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,000 shares of company stock valued at $4,850,830. 2.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Powell Industries

Several large investors have recently bought and sold shares of the company. AJOVista LLC acquired a new stake in shares of Powell Industries in the fourth quarter valued at about $29,000. Covestor Ltd raised its holdings in Powell Industries by 121.1% in the 3rd quarter. Covestor Ltd now owns 796 shares of the industrial products company's stock valued at $66,000 after acquiring an additional 436 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Powell Industries in the 3rd quarter worth approximately $137,000. Invst LLC acquired a new position in shares of Powell Industries during the 4th quarter worth approximately $161,000. Finally, Private Trust Co. NA purchased a new stake in shares of Powell Industries in the fourth quarter valued at approximately $192,000. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

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.