Powell Industries (NASDAQ:POWL) Trading 4.7% Higher

Powell Industries, Inc. (NASDAQ:POWL - Get Free Report) rose 4.7% during mid-day trading on Tuesday . The stock traded as high as $174.89 and last traded at $172.85. Approximately 94,029 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 322,711 shares. The stock had previously closed at $165.15.

Analyst Ratings Changes

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

Powell Industries Price Performance

The company has a market cap of $2.25 billion, a price-to-earnings ratio of 22.32, a P/E/G ratio of 1.25 and a beta of 0.79. The firm's 50 day simple moving average is $147.47 and its 200-day simple moving average is $121.05.

Powell Industries (NASDAQ:POWL - Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.86. Powell Industries had a net margin of 12.05% and a return on equity of 27.93%. The company had revenue of $255.10 million during the quarter, compared to the consensus estimate of $201.45 million. During the same quarter in the prior year, the firm posted $0.70 earnings per share. Powell Industries's revenue for the quarter was up 48.8% on a year-over-year basis. On average, analysts forecast that Powell Industries, Inc. will post 9.04 EPS 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 issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.56%. This is a boost from Powell Industries's previous quarterly dividend of $0.26. The ex-dividend date is Tuesday, May 14th. Powell Industries's dividend payout ratio is presently 12.59%.

Insider Activity

In other news, Director Christopher E. Cragg sold 9,000 shares of the company's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $155.13, for a total value of $1,396,170.00. Following the completion of the sale, the director now directly owns 12,360 shares of the company's stock, valued at $1,917,406.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Christopher E. Cragg sold 9,000 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $155.13, for a total transaction of $1,396,170.00. Following the completion of the transaction, the director now directly owns 12,360 shares of the company's stock, valued at $1,917,406.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Katheryn Baucom Curtis sold 5,000 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $165.79, for a total transaction of $828,950.00. Following the transaction, the director now directly owns 5,260 shares of the company's stock, valued at $872,055.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,000 shares of company stock valued at $4,771,620. Insiders own 2.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in Powell Industries by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 807,985 shares of the industrial products company's stock valued at $71,427,000 after buying an additional 9,177 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Powell Industries by 2.7% in the first quarter. Vanguard Group Inc. now owns 656,428 shares of the industrial products company's stock valued at $93,410,000 after purchasing an additional 17,177 shares during the last quarter. Invesco Ltd. grew its position in shares of Powell Industries by 28.1% in the third quarter. Invesco Ltd. now owns 156,952 shares of the industrial products company's stock valued at $13,011,000 after purchasing an additional 34,455 shares during the last quarter. FMR LLC grew its position in shares of Powell Industries by 1,377.9% in the third quarter. FMR LLC now owns 138,597 shares of the industrial products company's stock valued at $11,490,000 after purchasing an additional 129,219 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Powell Industries by 23.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 128,017 shares of the industrial products company's stock valued at $10,613,000 after purchasing an additional 24,354 shares during the last quarter. 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.