Powell Industries (NASDAQ:POWL) Shares Up 5.1% - Time to Buy?

Powell Industries, Inc. (NASDAQ:POWL - Get Free Report)'s share price shot up 5.1% on Friday . The stock traded as high as $211.73 and last traded at $209.50. 178,672 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 421,033 shares. The stock had previously closed at $199.37.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Powell Industries from a "hold" rating to a "buy" rating in a report on Tuesday, March 11th.

Powell Industries Trading Down 1.2%

The firm's fifty day moving average is $182.61 and its 200 day moving average is $198.79. The company has a market cap of $2.54 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 1.07 and a beta of 0.73.

Powell Industries (NASDAQ:POWL - Get Free Report) last released its earnings results on Tuesday, May 6th. The industrial products company reported $3.81 EPS for the quarter, topping analysts' consensus estimates of $3.34 by $0.47. Powell Industries had a net margin of 16.00% and a return on equity of 35.43%. The business had revenue of $278.63 million during the quarter, compared to analysts' expectations of $282.68 million. During the same quarter in the previous year, the company earned $2.75 earnings per share. The company's quarterly revenue was up 9.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were paid a dividend of $0.2675 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $1.07 annualized dividend and a yield of 0.51%. Powell Industries's dividend payout ratio (DPR) is currently 7.52%.

Insider Activity at Powell Industries

In other news, CEO Brett Alan Cope sold 6,775 shares of Powell Industries stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $210.55, for a total value of $1,426,476.25. Following the sale, the chief executive officer directly owned 147,471 shares of the company's stock, valued at $31,050,019.05. The trade was a 4.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael William Metcalf sold 3,921 shares of the stock in a transaction on Friday, June 27th. The shares were sold at an average price of $210.55, for a total value of $825,566.55. Following the completion of the transaction, the executive vice president directly owned 28,900 shares of the company's stock, valued at approximately $6,084,895. This represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,308 shares of company stock worth $3,574,755. Company insiders own 2.20% of the company's stock.

Institutional Investors Weigh In On Powell Industries

A number of hedge funds have recently modified their holdings of the business. Versant Capital Management Inc acquired a new position in shares of Powell Industries during the 1st quarter worth approximately $25,000. Brooklyn Investment Group lifted its position in Powell Industries by 168.8% during the first quarter. Brooklyn Investment Group now owns 172 shares of the industrial products company's stock worth $29,000 after buying an additional 108 shares in the last quarter. Harbour Investments Inc. boosted its stake in Powell Industries by 1,970.0% during the first quarter. Harbour Investments Inc. now owns 207 shares of the industrial products company's stock worth $35,000 after buying an additional 197 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Powell Industries by 455.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company's stock worth $37,000 after buying an additional 132 shares during the last quarter. Finally, GeoWealth Management LLC grew its holdings in Powell Industries by 123.8% in the 4th quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company's stock valued at $40,000 after buying an additional 99 shares in the last quarter. 89.77% of the stock is currently owned by institutional investors and hedge funds.

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.