Powell Industries (NASDAQ:POWL) Trading Down 4.3% - Should You Sell?

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

Powell Industries Trading Up 0.0%

The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 1.15 and a beta of 0.77. The firm has a fifty day moving average price of $193.18 and a 200 day moving average price of $196.83.

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

Powell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st were paid a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Wednesday, May 21st. Powell Industries's payout ratio is presently 7.52%.

Insiders Place Their Bets

In other news, EVP Michael William Metcalf sold 3,921 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $210.55, for a total transaction of $825,566.55. Following the completion of the transaction, the executive vice president directly owned 28,900 shares in the company, valued at $6,084,895. This represents a 11.95% 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 6,775 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $210.55, for a total transaction of $1,426,476.25. Following the completion of the sale, the chief executive officer directly owned 147,471 shares in the company, valued at approximately $31,050,019.05. The trade was a 4.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,308 shares of company stock valued at $3,574,755. Company insiders own 2.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its position in Powell Industries by 10.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 979 shares of the industrial products company's stock valued at $217,000 after buying an additional 90 shares in the last quarter. Swiss National Bank increased its position in shares of Powell Industries by 0.5% during the fourth quarter. Swiss National Bank now owns 18,800 shares of the industrial products company's stock worth $4,167,000 after acquiring an additional 100 shares in the last quarter. Virtu Financial LLC purchased a new position in Powell Industries during the fourth quarter worth about $997,000. American Century Companies Inc. boosted its holdings in Powell Industries by 8.3% during the fourth quarter. American Century Companies Inc. now owns 351,750 shares of the industrial products company's stock worth $77,965,000 after purchasing an additional 27,029 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Powell Industries by 3.1% in the fourth quarter. Sei Investments Co. now owns 2,849 shares of the industrial products company's stock valued at $631,000 after acquiring an additional 85 shares during the last quarter. Institutional investors and hedge funds own 89.77% of the company's stock.

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.