Shares of Powell Industries Inc. (NASDAQ:POWL) saw strong trading volume on Thursday . 56,746 shares were traded during mid-day trading, an increase of 6% from the previous session’s volume of 53,327 shares.The stock last traded at $37.95 and had previously closed at $37.86.

A number of analysts have recently commented on the company. Zacks Investment Research lowered Powell Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 6th. Sidoti lowered Powell Industries from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a report on Wednesday, July 6th.

The company’s 50 day moving average price is $37.30 and its 200 day moving average price is $30.65. The stock has a market cap of $429.63 million and a P/E ratio of 23.63.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.40. During the same quarter in the previous year, the company earned $0.17 earnings per share. The company earned $152.27 million during the quarter, compared to analyst estimates of $142.73 million. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. Equities research analysts anticipate that Powell Industries Inc. will post $1.01 EPS for the current year.

In other Powell Industries news, Director Richard E. Williams purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, May 10th. The stock was purchased at an average cost of $33.79 per share, for a total transaction of $33,790.00. Following the acquisition, the director now owns 3,000 shares in the company, valued at approximately $101,370. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

A hedge fund recently raised its stake in Powell Industries stock. Dimensional Fund Advisors LP raised its stake in shares of Powell Industries Inc. (NASDAQ:POWL) by 5.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 496,427 shares of the company’s stock after buying an additional 25,497 shares during the period. Dimensional Fund Advisors LP owned 4.37% of Powell Industries worth $12,922,000 at the end of the most recent quarter.

Powell Industries, Inc develops, designs, manufactures and services custom-engineered equipment and systems. The Company manufactures systems for the distribution, control and monitoring of electrical energy designed to distribute, control and monitor the flow of electrical energy and provide protection to motors, transformers and other electrically powered equipment.

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