Powell Industries (NASDAQ:POWL) Trading 5.2% Higher – What’s Next?

Powell Industries, Inc. (NASDAQ:POWL) shares rose 5.2% during trading on Friday . The company traded as high as $443.83 and last traded at $426.8090. Approximately 73,529 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 256,385 shares. The stock had previously closed at $405.55.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on POWL. Wall Street Zen raised Powell Industries from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. Roth Capital reiterated a “buy” rating and set a $350.00 price objective on shares of Powell Industries in a report on Wednesday, November 19th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Powell Industries in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Powell Industries has a consensus rating of “Buy” and an average price target of $350.00.

Powell Industries Stock Performance

The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 29.20, a P/E/G ratio of 1.88 and a beta of 0.86. The business has a 50-day simple moving average of $339.32 and a two-hundred day simple moving average of $300.41.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings data on Tuesday, November 18th. The industrial products company reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $3.76 by $0.46. The business had revenue of $297.98 million for the quarter, compared to analyst estimates of $292.85 million. Powell Industries had a net margin of 16.37% and a return on equity of 31.80%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.77 earnings per share. On average, analysts expect that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th were issued a $0.2675 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $1.07 annualized dividend and a dividend yield of 0.2%. Powell Industries’s dividend payout ratio (DPR) is presently 7.21%.

Insider Transactions at Powell Industries

In related news, VP William Marshall Mauney, Jr. sold 3,000 shares of the company’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $331.73, for a total transaction of $995,190.00. Following the sale, the vice president owned 4,451 shares in the company, valued at approximately $1,476,530.23. This represents a 40.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Powell Industries

Several large investors have recently made changes to their positions in POWL. Tema Etfs LLC increased its stake in shares of Powell Industries by 43.6% during the 4th quarter. Tema Etfs LLC now owns 76,338 shares of the industrial products company’s stock worth $24,335,000 after purchasing an additional 23,168 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Powell Industries by 59.1% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,070 shares of the industrial products company’s stock worth $660,000 after buying an additional 769 shares in the last quarter. Private Advisory Group LLC boosted its holdings in Powell Industries by 8.7% in the 4th quarter. Private Advisory Group LLC now owns 35,095 shares of the industrial products company’s stock valued at $11,188,000 after purchasing an additional 2,803 shares during the period. Chatham Capital Group Inc. increased its stake in Powell Industries by 1.2% during the 4th quarter. Chatham Capital Group Inc. now owns 14,544 shares of the industrial products company’s stock worth $4,636,000 after acquiring an additional 170 shares during the period. Finally, Avanza Fonder AB bought a new position in shares of Powell Industries in the fourth quarter worth $30,000. Institutional investors and hedge funds own 89.77% of the company’s stock.

About Powell Industries

Powell Industries, Inc is an industrial electrical engineering company specializing in the design, manufacture and integration of customized power control and distribution solutions. The firm’s offerings range from medium‐voltage switchgear and power control centers to bus duct, motor control centers and specialty transformers. Powell also provides automation systems, protective relaying, metering, supervisory control and data acquisition (SCADA) platforms, and turnkey engineering services to help clients manage critical power infrastructure.

Serving the oil and gas, petrochemical, refining, utility, mining and industrial sectors, Powell’s products are engineered to meet demanding performance, safety and reliability requirements.