Powell Industries Inc. (NASDAQ:POWL) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $41.10 and last traded at $40.79, with a volume of 15,042 shares changing hands. The stock had previously closed at $40.75.

POWL has been the subject of a number of recent analyst reports. Sidoti lowered shares of Powell Industries from a “buy” rating to a “neutral” rating and set a $42.00 price target for the company. in a report on Wednesday, July 6th. Zacks Investment Research lowered shares of Powell Industries from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th.

The stock has a market capitalization of $454.92 million and a P/E ratio of 28.26. The company’s 50 day moving average price is $37.70 and its 200-day moving average price is $33.24.

Powell Industries (NASDAQ:POWL) last released its earnings results on Tuesday, August 2nd. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.35. The firm had revenue of $133.20 million for the quarter, compared to the consensus estimate of $126.74 million. During the same quarter in the previous year, the business posted $0.60 EPS. Powell Industries’s revenue was down 24.6% on a year-over-year basis. Equities research analysts anticipate that Powell Industries Inc. will post $1.41 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 14th. Stockholders of record on Wednesday, August 17th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Monday, August 15th.

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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