Powell Industries (NASDAQ:POWL) Shares Down 4.3% - Here's Why

Powell Industries, Inc. (NASDAQ:POWL - Get Free Report) fell 4.3% during trading on Friday . The stock traded as low as $227.88 and last traded at $226.33. 72,398 shares changed hands during trading, a decline of 83% from the average session volume of 415,021 shares. The stock had previously closed at $236.51.

Powell Industries Price Performance

The firm has a market cap of $2.75 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.15 and a beta of 0.77. The company has a 50 day simple moving average of $193.18 and a 200-day simple moving average of $196.83.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its 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 during the quarter, compared to the consensus estimate of $282.68 million. Powell Industries had a return on equity of 35.43% and a net margin of 16.00%. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.75 earnings per share. On average, sell-side analysts predict that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st were given 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 dividend yield of 0.47%. Powell Industries's dividend payout ratio (DPR) is presently 7.52%.

Insider Buying and Selling at Powell Industries

In other news, EVP Michael William Metcalf sold 3,921 shares of Powell Industries stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $210.55, for a total transaction of $825,566.55. Following the transaction, the executive vice president directly owned 28,900 shares of the company's stock, valued at $6,084,895. The trade was a 11.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brett Alan Cope sold 6,775 shares of Powell Industries stock in a transaction that occurred on Friday, June 27th. The shares were 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 in the company, valued at $31,050,019.05. This trade represents a 4.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,308 shares of company stock worth $3,574,755 over the last ninety days. 2.20% of the stock is currently owned by insiders.

Institutional Trading of Powell Industries

Several hedge funds and other institutional investors have recently bought and sold shares of POWL. PNC Financial Services Group Inc. lifted its holdings in shares of Powell Industries by 10.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 979 shares of the industrial products company's stock worth $217,000 after buying an additional 90 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Powell Industries by 90.5% during the 4th quarter. Farther Finance Advisors LLC now owns 381 shares of the industrial products company's stock worth $85,000 after purchasing an additional 181 shares during the last quarter. Swiss National Bank lifted its stake in shares of Powell Industries by 0.5% during the 4th quarter. Swiss National Bank now owns 18,800 shares of the industrial products company's stock worth $4,167,000 after purchasing an additional 100 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Powell Industries by 27.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 24,735 shares of the industrial products company's stock worth $5,483,000 after purchasing an additional 5,403 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Powell Industries during the 4th quarter worth $997,000. Hedge funds and other institutional investors 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.