Powell Industries, Inc. (NASDAQ:POWL) Given Average Recommendation of “Moderate Buy” by Analysts

Powell Industries, Inc. (NASDAQ:POWL) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $215.4167.

Several research firms recently issued reports on POWL. Cantor Fitzgerald decreased their target price on shares of Powell Industries from $320.00 to $235.00 and set a “neutral” rating on the stock in a research report on Friday, August 14th. Glj Research raised shares of Powell Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Zacks Research downgraded shares of Powell Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Weiss Ratings lowered shares of Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th.

Insider Activity at Powell Industries

In other Powell Industries news, EVP Michael Metcalf sold 4,500 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $284.64, for a total transaction of $1,280,880.00. Following the completion of the sale, the executive vice president owned 78,900 shares of the company’s stock, valued at approximately $22,458,096. The trade was a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Thomas W. Powell sold 33,958 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $294.49, for a total value of $10,000,291.42. Following the sale, the insider owned 564,736 shares of the company’s stock, valued at $166,309,104.64. This represents a 5.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 42,898 shares of company stock worth $12,353,653. 2.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Powell Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Greenline Wealth Management LLC acquired a new stake in Powell Industries during the 4th quarter worth approximately $29,000. MassMutual Private Wealth & Trust FSB raised its holdings in Powell Industries by 183.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 105 shares of the industrial products company’s stock valued at $30,000 after buying an additional 68 shares during the period. Allworth Financial LP acquired a new position in Powell Industries during the second quarter valued at approximately $33,000. State of Wyoming acquired a new position in Powell Industries during the second quarter valued at approximately $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Powell Industries during the second quarter valued at approximately $34,000. 89.77% of the stock is owned by institutional investors and hedge funds.

Powell Industries Trading Up 2.7%

NASDAQ POWL opened at $175.16 on Friday. The business’s 50-day moving average price is $218.68 and its 200 day moving average price is $230.84. Powell Industries has a twelve month low of $85.67 and a twelve month high of $328.00. The company has a market capitalization of $6.38 billion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 2.27 and a beta of 1.18.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings results on Monday, August 3rd. The industrial products company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.07). Powell Industries had a net margin of 16.49% and a return on equity of 27.51%. The business had revenue of $311.74 million during the quarter, compared to analysts’ expectations of $316.70 million. During the same quarter last year, the firm earned $3.96 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. Equities analysts predict that Powell Industries will post 5.36 EPS for the current year.

Powell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, August 19th. Powell Industries’s dividend payout ratio (DPR) is 6.91%.

About Powell Industries

Powell Industries, Inc is an industrial electrical engineering company specializing in the design, manufacture and integration of customized power control and distribution solutions. The firm’s offerings range from medium‐voltage switchgear and power control centers to bus duct, motor control centers and specialty transformers. Powell also provides automation systems, protective relaying, metering, supervisory control and data acquisition (SCADA) platforms, and turnkey engineering services to help clients manage critical power infrastructure.

Serving the oil and gas, petrochemical, refining, utility, mining and industrial sectors, Powell’s products are engineered to meet demanding performance, safety and reliability requirements.