Powell Industries (NASDAQ:POWL) Trading Down 6.2% - Time to Sell?

Powell Industries, Inc. (NASDAQ:POWL - Get Free Report) traded down 6.2% during trading on Tuesday . The company traded as low as $184.08 and last traded at $183.08. 250,495 shares traded hands during trading, a decline of 41% from the average session volume of 422,310 shares. The stock had previously closed at $195.14.

Analyst Ratings Changes

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

Powell Industries Stock Down 2.0%

The company has a market cap of $2.12 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 0.90 and a beta of 0.72. The company's fifty day moving average price is $180.12 and its two-hundred day moving average price is $202.39.

Powell Industries (NASDAQ:POWL - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $3.81 EPS for the quarter, beating analysts' consensus estimates of $3.34 by $0.47. The company had revenue of $278.63 million for the quarter, compared to analyst estimates of $282.68 million. Powell Industries had a return on equity of 35.43% and a net margin of 16.00%. The company's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.75 earnings per share. On average, equities research analysts predict that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were given a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Wednesday, May 21st. Powell Industries's dividend payout ratio (DPR) is currently 7.52%.

Insider Transactions at Powell Industries

In other news, EVP Michael William Metcalf sold 200 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $200.00, for a total transaction of $40,000.00. Following the completion of the transaction, the executive vice president now directly owns 35,354 shares in the company, valued at $7,070,800. This represents a 0.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brett Alan Cope sold 780 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $200.00, for a total value of $156,000.00. Following the completion of the transaction, the chief executive officer now owns 157,345 shares of the company's stock, valued at $31,469,000. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Principal Securities Inc. bought a new position in shares of Powell Industries in the fourth quarter valued at $26,000. Versant Capital Management Inc acquired a new stake in Powell Industries in the first quarter valued at $25,000. Smartleaf Asset Management LLC grew its position in shares of Powell Industries by 455.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 132 shares during the period. Brooklyn Investment Group increased its stake in shares of Powell Industries by 168.8% during the 1st quarter. Brooklyn Investment Group now owns 172 shares of the industrial products company's stock worth $29,000 after purchasing an additional 108 shares during the last quarter. Finally, GeoWealth Management LLC increased its stake in shares of Powell Industries by 123.8% during the 4th quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company's stock worth $40,000 after purchasing an additional 99 shares during the last quarter. Institutional investors and hedge funds own 89.77% of the company's stock.

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.