Powell Industries, Inc. (NASDAQ:POWL)’s traded shares stood at 0.4 million during the last session, with the company’s beta value hitting 0.87. At the close of trading, the stock’s price was $192.78, to imply an increase of 8.29% or $14.76 in intraday trading. The POWL share’s 52-week high remains $209.14, putting it -8.49% down since that peak but still an impressive 62.39% since price per share fell to its 52-week low of $72.51. The company has a valuation of $2.31B, with an average of 0.31 million shares in intraday trading volume over the past 10 days and average of 394.06K shares over the past 3 months.
Powell Industries, Inc. (NASDAQ:POWL) trade information
After registering a 8.29% upside in the last session, Powell Industries, Inc. (POWL) has traded red over the past five days. The 5-day price performance for the stock is 14.39%, and 44.12% over 30 days. With these gigs, the year-to-date price performance is 118.08%. Short interest in Powell Industries, Inc. (NASDAQ:POWL) saw shorts transact 1.69 million shares and set a 3.91 days time to cover.
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Powell Industries, Inc. (POWL) estimates and forecasts
Looking at statistics comparing Powell Industries, Inc. share performance against respective industry, we note that the company has outperformed competitors. Powell Industries, Inc. (POWL) shares are 19.21% up over the last 6 months, with its year-to-date growth rate higher than industry average at 191.50% against 20.30%. Revenue is forecast to grow 82.10% this quarter before jumping 20.70% for the next one. The rating firms project that company’s revenue will grow 46.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 286.49M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 226.03M.Earnings reports from the last fiscal year show that sales brought in 208.64M and 182.04M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 37.30% before jumping 24.20% in the following quarter.
POWL Dividends
Powell Industries, Inc. has its next earnings report out on 2024-Dec-03. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Powell Industries, Inc. has a forward dividend ratio of 1.06, with the share yield ticking at 0.55% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 3.0%.
Powell Industries, Inc. (NASDAQ:POWL)’s Major holders
Powell Industries, Inc. insiders hold 22.97% of total outstanding shares, with institutional holders owning 98.75% of the shares at 128.20% float percentage. In total, 98.75% institutions holds shares in the company, led by TRANSFORM WEALTH, LLC. As of 2024-06-30, the company held over 1.67 million shares (or 13.9607% of shares), all amounting to roughly $240.07 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 1.41 million shares, or about 11.7387% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $201.86 million.
We also have Pacer Small Cap U.S. Cash Cows 100 ETF and iShares Core S&P Smallcap ETF as the top two Mutual Funds with the largest holdings of the Powell Industries, Inc. (POWL) shares. Going by data provided on Apr 30, 2024 , Pacer Small Cap U.S. Cash Cows 100 ETF holds roughly 646.69 shares. This is just over 5.39% of the total shares, with a market valuation of $124.67 million. Data from the same date shows that the other fund manager holds a little less at 598.13, or 4.99% of the shares, all valued at about 115.31 million.
