Powell Industries (NASDAQ:POWL) Shares Gap Down – Time to Sell?

Powell Industries, Inc. (NASDAQ:POWL)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $244.84, but opened at $230.05. Powell Industries shares last traded at $239.05, with a volume of 160,556 shares traded.

Analysts Set New Price Targets

POWL has been the subject of several analyst reports. StockNews.com downgraded Powell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Roth Capital raised Powell Industries to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Roth Mkm began coverage on Powell Industries in a report on Wednesday, December 11th. They issued a “buy” rating and a $312.00 price target for the company.

Powell Industries Stock Performance

The stock has a market cap of $2.74 billion, a PE ratio of 18.58, a P/E/G ratio of 1.25 and a beta of 0.87. The business has a 50 day moving average price of $249.78 and a two-hundred day moving average price of $229.25.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.03. Powell Industries had a return on equity of 35.68% and a net margin of 14.80%. As a group, research analysts anticipate that Powell Industries, Inc. will post 13.7 earnings per share for the current year.

Powell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th will be given a $0.2675 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 annualized dividend and a yield of 0.47%. Powell Industries’s dividend payout ratio is 8.62%.

Institutional Investors Weigh In On Powell Industries

A number of institutional investors have recently bought and sold shares of the business. Principal Securities Inc. acquired a new position in Powell Industries during the fourth quarter valued at $26,000. Hollencrest Capital Management acquired a new stake in Powell Industries during the 3rd quarter worth $30,000. Quest Partners LLC acquired a new stake in shares of Powell Industries in the 3rd quarter worth $35,000. Smartleaf Asset Management LLC increased its holdings in Powell Industries by 455.2% during 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 in the last quarter. Finally, Blue Trust Inc. purchased a new stake in shares of Powell Industries during the fourth quarter worth about $40,000. 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.