BidaskClub cut shares of Powell Industries (NASDAQ:POWL) from a hold rating to a sell rating in a report published on Tuesday morning, BidAskClub reports.

Several other equities research analysts also recently weighed in on the stock. TheStreet raised shares of Powell Industries from a c+ rating to a b- rating in a report on Monday, November 4th. ValuEngine downgraded shares of Powell Industries from a hold rating to a sell rating in a report on Wednesday, October 2nd. Finally, Sidoti downgraded shares of Powell Industries from a buy rating to a neutral rating and upped their price objective for the stock from $45.00 to $47.00 in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $47.00.

Shares of Powell Industries stock traded down $0.92 during trading on Tuesday, hitting $46.46. 2,613 shares of the stock were exchanged, compared to its average volume of 86,100. The stock’s fifty day moving average is $47.61 and its 200 day moving average is $40.34. The stock has a market cap of $548.08 million, a PE ratio of 55.60 and a beta of 1.29. Powell Industries has a 12 month low of $26.21 and a 12 month high of $50.81.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings results on Wednesday, December 4th. The industrial products company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.38 by $0.17. The business had revenue of $148.50 million during the quarter, compared to analyst estimates of $139.04 million. Powell Industries had a net margin of 1.91% and a return on equity of 3.35%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 earnings per share.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 20th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Tuesday, November 19th.

Hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its holdings in Powell Industries by 4.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 52,839 shares of the industrial products company’s stock worth $2,008,000 after purchasing an additional 2,340 shares during the period. California Public Employees Retirement System lifted its holdings in Powell Industries by 8.5% in the 3rd quarter. California Public Employees Retirement System now owns 30,404 shares of the industrial products company’s stock valued at $1,190,000 after acquiring an additional 2,394 shares during the last quarter. State Street Corp lifted its holdings in Powell Industries by 1.6% in the 3rd quarter. State Street Corp now owns 258,767 shares of the industrial products company’s stock valued at $10,131,000 after acquiring an additional 3,953 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Powell Industries by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 609,668 shares of the industrial products company’s stock valued at $23,168,000 after acquiring an additional 3,303 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in Powell Industries by 11.0% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,750 shares of the industrial products company’s stock valued at $713,000 after acquiring an additional 1,857 shares during the last quarter. 66.39% of the stock is owned by institutional investors and hedge funds.

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.

Recommended Story: If I purchase shares through a brokerage account, am I the holder of record?

Receive News & Ratings for Powell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Powell Industries and related companies with MarketBeat.com's FREE daily email newsletter.