Powell Industries Inc. (NASDAQ:POWL) saw unusually-high trading volume on Thursday . Approximately 56,746 shares changed hands during trading, an increase of 6% from the previous session’s volume of 53,327 shares.The stock last traded at $37.95 and had previously closed at $37.86.

POWL has been the topic of several analyst reports. Zacks Investment Research raised shares of Powell Industries from a “sell” rating to a “hold” rating in a report on Wednesday, April 6th. Sidoti downgraded shares of Powell Industries from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a report on Wednesday, July 6th.

The firm’s 50-day moving average is $37.25 and its 200 day moving average is $30.58. The stock has a market cap of $429.29 million and a price-to-earnings ratio of 23.61.

Powell Industries (NASDAQ:POWL) last issued its earnings results on Tuesday, May 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.40. During the same period last year, the business earned $0.17 earnings per share. The company earned $152.27 million during the quarter, compared to analyst estimates of $142.73 million. The firm’s revenue was down 10.5% compared to the same quarter last year. On average, analysts forecast that Powell Industries Inc. will post $1.01 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, May 18th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Monday, May 16th.

In related news, Director Richard E. Williams bought 1,000 shares of the business’s stock in a transaction on Tuesday, May 10th. The stock was acquired at an average cost of $33.79 per share, with a total value of $33,790.00. Following the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at $101,370. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

A hedge fund recently raised its stake in Powell Industries stock. Morgan Stanley increased its position in Powell Industries Inc. (NASDAQ:POWL) by 101.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,325 shares of the company’s stock after buying an additional 46,558 shares during the period. Morgan Stanley owned 0.81% of Powell Industries worth $2,404,000 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.

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