Powell Industries (NASDAQ:POWL) had its price target trimmed by Sidoti from $45.00 to $38.00 in a research note issued to investors on Wednesday. They currently have a buy rating on the industrial products company’s stock.

Separately, BidaskClub lowered shares of Powell Industries from a sell rating to a strong sell rating in a research report on Tuesday, September 25th.

NASDAQ:POWL traded down $0.15 during midday trading on Wednesday, hitting $25.60. The company had a trading volume of 1,636 shares, compared to its average volume of 22,707. Powell Industries has a 52-week low of $25.02 and a 52-week high of $41.42.

Powell Industries (NASDAQ:POWL) last announced its earnings results on Tuesday, December 11th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02). Powell Industries had a negative return on equity of 2.13% and a negative net margin of 1.59%. The company had revenue of $134.90 million during the quarter, compared to analysts’ expectations of $128.90 million. During the same quarter last year, the firm posted ($0.42) earnings per share. The firm’s revenue was up 42.0% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Wednesday, November 21st will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.06%. The ex-dividend date is Tuesday, November 20th.

A number of institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its stake in Powell Industries by 2.6% in the first quarter. Principal Financial Group Inc. now owns 66,705 shares of the industrial products company’s stock worth $1,790,000 after purchasing an additional 1,709 shares during the last quarter. Global X Management Co LLC raised its stake in shares of Powell Industries by 19.0% during the second quarter. Global X Management Co LLC now owns 10,911 shares of the industrial products company’s stock valued at $380,000 after acquiring an additional 1,741 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Powell Industries by 190.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,900 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 1,900 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Powell Industries by 15.8% during the third quarter. Wells Fargo & Company MN now owns 14,126 shares of the industrial products company’s stock valued at $512,000 after acquiring an additional 1,923 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Powell Industries by 12.3% during the second quarter. Legal & General Group Plc now owns 17,606 shares of the industrial products company’s stock valued at $614,000 after acquiring an additional 1,931 shares during the last quarter. 65.27% 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.

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