Powell Industries (NASDAQ:POWL) Stock Price Down 5.5% – Time to Sell?

Powell Industries, Inc. (NASDAQ:POWL) shares traded down 5.5% during trading on Monday . The company traded as low as $261.03 and last traded at $265.02. 98,223 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 382,531 shares. The stock had previously closed at $280.37.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Powell Industries from a “buy” rating to a “hold” rating in a report on Saturday, November 23rd.

Powell Industries Stock Performance

The stock’s fifty day simple moving average is $275.37 and its two-hundred day simple moving average is $203.52. The stock has a market capitalization of $3.16 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 1.42 and a beta of 0.85.

Powell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 20th will be issued a $0.265 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.06 dividend on an annualized basis and a yield of 0.40%. Powell Industries’s payout ratio is 8.62%.

Insider Buying and Selling

In other news, major shareholder Thomas W. Powell sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $213.56, for a total value of $5,339,000.00. Following the transaction, the insider now owns 682,265 shares in the company, valued at approximately $145,704,513.40. The trade was a 3.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 60,000 shares of company stock valued at $14,679,842 in the last three months. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Powell Industries

Large investors have recently modified their holdings of the company. Hollencrest Capital Management bought a new stake in Powell Industries during the third quarter valued at $30,000. Quest Partners LLC bought a new stake in shares of Powell Industries during the 3rd quarter valued at about $35,000. Farther Finance Advisors LLC grew its stake in Powell Industries by 110.5% during the third quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 105 shares during the period. Covestor Ltd increased its holdings in Powell Industries by 21.8% in the third quarter. Covestor Ltd now owns 229 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 41 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Powell Industries by 38.2% in the second quarter. GAMMA Investing LLC now owns 286 shares of the industrial products company’s stock valued at $41,000 after buying an additional 79 shares during the period. 89.77% of the stock is currently owned by institutional investors and hedge funds.

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.