During the last session, Powell Industries, Inc. (NASDAQ:POWL)’s traded shares were 0.38 million, with the beta value of the company hitting 0.87. At the end of the trading day, the stock’s price was $262.97, reflecting an intraday gain of 6.45% or $15.94. The 52-week high for the POWL share is $260.55, that puts it up 0.92 from that peak though still a striking 72.43% gain since the share price plummeted to a 52-week low of $72.51. The company’s market capitalization is $3.15B, and the average intraday trading volume over the past 10 days was 0.47 million shares, and the average trade volume was 433.16K shares over the past three months.
Powell Industries, Inc. (NASDAQ:POWL) trade information
Powell Industries, Inc. (POWL) registered a 6.45% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 6.45% in intraday trading to $262.97, hitting a weekly high. The stock’s 5-day price performance is 8.22%, and it has moved by 57.43% in 30 days. Based on these gigs, the overall price performance for the year is 194.12%. The short interest in Powell Industries, Inc. (NASDAQ:POWL) is 1.56 million shares and it means that shorts have 3.78 day(s) to cover.
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Powell Industries, Inc. (POWL) estimates and forecasts
Statistics show that Powell Industries, Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Powell Industries, Inc. (POWL) shares have gone up 108.79% during the last six months, with a year-to-date growth rate more than the industry average at 191.50% against 20.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 82.10% this quarter and then jump 20.70% in the quarter after that. In the rating firms’ projections, revenue will increase 50.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 286.49M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 226.03M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 208.64M and 182.04M respectively. In this case, analysts expect current quarter sales to grow by 37.30% and then jump by 24.20% in the coming quarter.
While earnings are projected to return 161.78% in 2024, the next five years will return 11.00% per annum.
POWL Dividends
Powell Industries, Inc. is due to release its next quarterly earnings on 2024-Dec-03. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Powell Industries, Inc. is 1.06, with the dividend yield indicating at 0.40 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 2.93%.
Powell Industries, Inc. (NASDAQ:POWL)’s Major holders
Powell Industries, Inc. insiders own 22.87% of total outstanding shares while institutional holders control 98.36%, with the float percentage being 127.52%. TRANSFORM WEALTH, LLC is the largest shareholder of the company, while 377.0 institutions own stock in it. As of 2024-06-30, the company held over 1.67 million shares (or 13.9607% of all shares), a total value of $240.07 million in shares.
The next largest institutional holding, with 1.41 million shares, is of BLACKROCK INC.’s that is approximately 11.7387% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $201.86 million.
Also, the Mutual Funds coming in first place with the largest holdings of Powell Industries, Inc. (POWL) shares are iShares Core S&P Smallcap ETF and Pacer Small Cap U.S. Cash Cows 100 ETF . Data provided on Aug 31, 2024 indicates that iShares Core S&P Smallcap ETF owns about 622.0 shares. This amounts to just over 5.19 percent of the company’s overall shares, with a $163.57 million market value. The same data shows that the other fund manager holds slightly less at 464.69, or about 3.88% of the stock, which is worth about $122.2 million.
