Powell Industries Inc. (NASDAQ:POWL)’s share price was down 8.1% during trading on Wednesday . The stock traded as low as $36.02 and last traded at $36.07, with a volume of 70,551 shares changing hands. The stock had previously closed at $39.23.

Several equities analysts have commented on POWL shares. Sidoti lowered shares of Powell Industries from a “buy” rating to a “neutral” rating and set a $42.00 target price on the stock. in a report on Wednesday. Zacks Investment Research raised shares of Powell Industries from a “sell” rating to a “hold” rating in a report on Wednesday, April 6th.

The company has a market cap of $411.74 million and a P/E ratio of 22.64. The stock’s 50 day moving average is $36.57 and its 200 day moving average is $30.13.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.40. The company had revenue of $152.27 million for the quarter, compared to the consensus estimate of $142.73 million. Powell Industries’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS. On average, equities research analysts anticipate that Powell Industries Inc. will post $1.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, May 18th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Monday, May 16th.

In other Powell Industries news, Director Richard E. Williams acquired 1,000 shares of the company’s stock in a transaction on Tuesday, May 10th. The shares were acquired at an average cost of $33.79 per share, with a total value of $33,790.00. Following the completion of the acquisition, the director now directly owns 3,000 shares in the company, valued at $101,370. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

A hedge fund recently raised its stake in Powell Industries stock. Principal Financial Group Inc. boosted its position in Powell Industries Inc. (NASDAQ:POWL) by 1.9% during the fourth quarter, Holdings Channel reports. The fund owned 57,853 shares of the company’s stock after buying an additional 1,070 shares during the period. Principal Financial Group Inc. owned about 0.51% of Powell Industries worth $1,506,000 as of its most recent filing with the SEC.

Powell Industries, Inc develops, designs, manufactures and services custom-engineered equipment and systems. The Company manufactures systems for the distribution, control and monitoring of electrical energy designed to distribute, control and monitor the flow of electrical energy and provide protection to motors, transformers and other electrically powered equipment.