Powell Industries (NASDAQ:POWL) Hits New 12-Month High – What’s Next?

Powell Industries, Inc. (NASDAQ:POWL) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $414.80 and last traded at $409.4010, with a volume of 7054 shares trading hands. The stock had previously closed at $401.27.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on POWL. Wall Street Zen upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a research report on Sunday. Roth Capital reissued a “buy” rating and set a $350.00 price target on shares of Powell Industries in a research note on Wednesday, November 19th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Powell Industries in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Powell Industries has an average rating of “Buy” and an average price target of $350.00.

Powell Industries Price Performance

The firm’s 50-day moving average price is $338.71 and its 200 day moving average price is $299.68. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 1.87 and a beta of 0.86.

Powell Industries (NASDAQ:POWL) last posted its earnings results on Tuesday, November 18th. The industrial products company reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.76 by $0.46. The firm had revenue of $297.98 million for the quarter, compared to analyst estimates of $292.85 million. Powell Industries had a return on equity of 31.80% and a net margin of 16.37%.Powell Industries’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.77 EPS. On average, analysts predict that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th were paid a dividend of $0.2675 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.3%. Powell Industries’s dividend payout ratio (DPR) is presently 7.21%.

Insider Buying and Selling

In related news, VP William Marshall Mauney, Jr. sold 3,000 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $331.73, for a total value of $995,190.00. Following the completion of the transaction, the vice president owned 4,451 shares of the company’s stock, valued at approximately $1,476,530.23. The trade was a 40.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Powell Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Avanza Fonder AB acquired a new stake in Powell Industries during the fourth quarter worth approximately $30,000. Elevation Point Wealth Partners LLC acquired a new stake in Powell Industries in the 2nd quarter worth about $33,000. State of Wyoming purchased a new stake in Powell Industries in the 2nd quarter valued at about $33,000. Manchester Capital Management LLC increased its stake in shares of Powell Industries by 42.9% during the 2nd quarter. Manchester Capital Management LLC now owns 200 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 60 shares during the last quarter. Finally, Virtus Advisers LLC acquired a new position in shares of Powell Industries during the 2nd quarter valued at about $46,000. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

Powell Industries Company Profile

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.