Powell Industries, Inc. (NASDAQ:POWL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Powell Industries, Inc. (NASDAQ:POWL) have received an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $236.6667.

A number of research firms have recently issued reports on POWL. Cantor Fitzgerald increased their price objective on shares of Powell Industries from $160.00 to $320.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Glj Research began coverage on shares of Powell Industries in a research report on Thursday, March 5th. They set a “hold” rating and a $150.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on shares of Powell Industries from $310.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Zacks Research cut shares of Powell Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Wall Street Zen cut shares of Powell Industries from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th.

Insider Activity at Powell Industries

In other news, VP William Marshall Mauney, Jr. sold 2,500 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $323.69, for a total transaction of $809,225.00. Following the transaction, the vice president owned 10,853 shares of the company’s stock, valued at $3,513,007.57. This represents a 18.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard E. Williams sold 5,250 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $299.19, for a total transaction of $1,570,747.50. Following the transaction, the director directly owned 39,630 shares in the company, valued at $11,856,899.70. This trade represents a 11.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 174,964 shares of company stock worth $31,339,200. 2.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Powell Industries

Large investors have recently added to or reduced their stakes in the business. Greenline Wealth Management LLC bought a new position in Powell Industries in the 4th quarter valued at about $29,000. Avanza Fonder AB bought a new position in Powell Industries in the 4th quarter valued at about $30,000. Hollencrest Capital Management bought a new position in Powell Industries in the 1st quarter valued at about $54,000. Steward Partners Investment Advisory LLC lifted its position in Powell Industries by 126.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 113 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 63 shares in the last quarter. Finally, First Horizon Corp bought a new position in Powell Industries in the 4th quarter valued at about $40,000. Institutional investors own 89.77% of the company’s stock.

Powell Industries Stock Performance

Shares of POWL opened at $294.75 on Friday. Powell Industries has a 52-week low of $56.70 and a 52-week high of $328.00. The business’s 50 day moving average price is $266.30 and its two-hundred day moving average price is $188.84. The firm has a market cap of $10.74 billion, a PE ratio of 57.68, a price-to-earnings-growth ratio of 3.85 and a beta of 1.11.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings results on Monday, May 4th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.09). Powell Industries had a net margin of 16.51% and a return on equity of 28.61%. The business had revenue of $296.62 million during the quarter, compared to analyst estimates of $298.12 million. During the same period last year, the firm posted $3.81 earnings per share. Powell Industries’s quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts predict that Powell Industries will post 5.47 EPS for the current fiscal year.

Powell Industries Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, May 20th. Powell Industries’s dividend payout ratio is 7.05%.

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.