Powell Industries (NASDAQ:POWL) Stock Price Up 7.9% – Should You Buy?

Powell Industries, Inc. (NASDAQ:POWL)’s stock price traded up 7.9% during mid-day trading on Friday . The company traded as high as $276.52 and last traded at $275.14. 117,574 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 365,798 shares. The stock had previously closed at $254.98.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd.

Powell Industries Stock Performance

The business’s 50 day moving average is $217.07 and its 200-day moving average is $178.53. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 26.13, a price-to-earnings-growth ratio of 1.46 and a beta of 0.86.

Insider Activity at Powell Industries

In related news, major shareholder Thomas W. Powell sold 2,451 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $262.10, for a total value of $642,407.10. Following the transaction, the insider now directly owns 1,628,328 shares in the company, valued at approximately $426,784,768.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Powell Industries news, major shareholder Thomas W. Powell sold 17,549 shares of the stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $256.33, for a total value of $4,498,335.17. Following the completion of the sale, the insider now directly owns 1,630,779 shares of the company’s stock, valued at $418,017,581.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Thomas W. Powell sold 2,451 shares of the stock in a transaction on Friday, October 11th. The shares were sold at an average price of $262.10, for a total transaction of $642,407.10. Following the completion of the sale, the insider now directly owns 1,628,328 shares of the company’s stock, valued at approximately $426,784,768.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,350 shares of company stock worth $14,774,341. 2.20% of the stock is owned by insiders.

Institutional Trading of Powell Industries

A number of hedge funds have recently bought and sold shares of the stock. Transform Wealth LLC lifted its holdings in shares of Powell Industries by 25,920.5% during the 2nd quarter. Transform Wealth LLC now owns 1,674,162 shares of the industrial products company’s stock worth $240,075,000 after acquiring an additional 1,667,728 shares during the period. Vanguard Group Inc. lifted its stake in Powell Industries by 2.7% during the first quarter. Vanguard Group Inc. now owns 656,428 shares of the industrial products company’s stock worth $93,410,000 after purchasing an additional 17,177 shares during the period. American Century Companies Inc. boosted its holdings in Powell Industries by 15.0% during the second quarter. American Century Companies Inc. now owns 274,388 shares of the industrial products company’s stock valued at $39,347,000 after purchasing an additional 35,818 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Powell Industries by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 99,517 shares of the industrial products company’s stock valued at $14,271,000 after purchasing an additional 1,015 shares during the period. Finally, Driehaus Capital Management LLC acquired a new position in shares of Powell Industries in the 2nd quarter worth approximately $11,658,000. 89.77% of the stock is owned by institutional investors.

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.