Powell Industries (NASDAQ:POWL) Hits New 12-Month Low - Here's What Happened

Powell Industries, Inc. (NASDAQ:POWL - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $177.25 and last traded at $183.11, with a volume of 207225 shares traded. The stock had previously closed at $185.85.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Powell Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, March 11th.

Powell Industries Stock Performance

The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 0.98 and a beta of 0.67. The firm has a fifty day moving average price of $174.02 and a 200-day moving average price of $226.92.

Powell Industries (NASDAQ:POWL - Get Free Report) last released its earnings results on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.83 by $0.03. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. On average, sell-side analysts forecast that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th were issued a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Wednesday, February 19th. This is an increase from Powell Industries's previous quarterly dividend of $0.27. Powell Industries's dividend payout ratio (DPR) is currently 8.12%.

Institutional Trading of Powell Industries

Several institutional investors and hedge funds have recently modified their holdings of the business. Demars Financial Group LLC acquired a new position in Powell Industries during the first quarter worth about $58,692,000. Invesco Ltd. increased its position in Powell Industries by 134.0% during the 4th quarter. Invesco Ltd. now owns 265,139 shares of the industrial products company's stock worth $58,768,000 after purchasing an additional 151,850 shares in the last quarter. GAMMA Investing LLC lifted its stake in Powell Industries by 22,009.7% in the 1st quarter. GAMMA Investing LLC now owns 102,368 shares of the industrial products company's stock valued at $17,436,000 after purchasing an additional 101,905 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Powell Industries in the fourth quarter valued at approximately $22,556,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Powell Industries by 795.9% during the fourth quarter. BNP Paribas Financial Markets now owns 81,819 shares of the industrial products company's stock worth $18,135,000 after buying an additional 72,686 shares during the last quarter. 89.77% of the stock is currently owned by 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.