Shares of Powell Industries, Inc. (NASDAQ:POWL) have earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus price target of $38.00 for the company, according to Zacks. Zacks has also given Powell Industries an industry rank of 200 out of 256 based on the ratings given to its competitors.

Several equities analysts have recently weighed in on the stock. CJS Securities upgraded shares of Powell Industries from a “market perform” rating to an “outperform” rating in a report on Thursday, May 9th. BidaskClub upgraded shares of Powell Industries from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 8th.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of Powell Industries by 0.3% in the 1st quarter. BlackRock Inc. now owns 1,283,153 shares of the industrial products company’s stock worth $34,066,000 after acquiring an additional 4,035 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Powell Industries by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 963,494 shares of the industrial products company’s stock worth $25,581,000 after acquiring an additional 6,919 shares during the last quarter. Deprince Race & Zollo Inc. raised its holdings in shares of Powell Industries by 27.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 613,716 shares of the industrial products company’s stock worth $15,349,000 after acquiring an additional 131,548 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Powell Industries by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 557,703 shares of the industrial products company’s stock worth $20,222,000 after acquiring an additional 2,637 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Powell Industries by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 557,703 shares of the industrial products company’s stock worth $20,222,000 after acquiring an additional 2,637 shares during the last quarter. Institutional investors own 59.25% of the company’s stock.

Shares of NASDAQ POWL traded down $0.03 during trading on Wednesday, hitting $35.91. 3,181 shares of the company traded hands, compared to its average volume of 30,678. Powell Industries has a fifty-two week low of $22.55 and a fifty-two week high of $41.42. The firm has a market capitalization of $415.43 million, a P/E ratio of 599.33 and a beta of 1.54.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.33. Powell Industries had a net margin of 0.02% and a return on equity of 0.24%. The firm had revenue of $123.70 million for the quarter, compared to analyst estimates of $100.15 million. During the same quarter in the prior year, the business earned ($0.29) earnings per share. The business’s quarterly revenue was up 21.9% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd will be issued a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.90%.

Powell Industries Company Profile

Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy. 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, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.

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