Shares of Powell Industries, Inc. (NASDAQ:POWL) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Analysts have set a 12-month consensus price objective of $38.00 for the company, according to Zacks. Zacks has also given Powell Industries an industry rank of 181 out of 255 based on the ratings given to its competitors.

Separately, Sidoti decreased their price objective on Powell Industries from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, December 12th.

Several institutional investors have recently made changes to their positions in POWL. Legal & General Group Plc lifted its holdings in Powell Industries by 12.3% during the 2nd quarter. Legal & General Group Plc now owns 17,606 shares of the industrial products company’s stock worth $614,000 after buying an additional 1,931 shares during the period. Deprince Race & Zollo Inc. increased its holdings in shares of Powell Industries by 27.3% in the fourth quarter. Deprince Race & Zollo Inc. now owns 613,716 shares of the industrial products company’s stock worth $15,349,000 after purchasing an additional 131,548 shares during the period. Wells Fargo & Company MN increased its stake in Powell Industries by 15.8% in 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. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Powell Industries during the third quarter valued at about $420,000. Finally, Putnam Investments LLC boosted its holdings in shares of Powell Industries by 42.9% during the third quarter. Putnam Investments LLC now owns 35,870 shares of the industrial products company’s stock worth $1,301,000 after purchasing an additional 10,770 shares during the period. Institutional investors own 67.15% of the company’s stock.

POWL traded up $0.01 on Wednesday, reaching $30.63. 248 shares of the company’s stock were exchanged, compared to its average volume of 22,361. Powell Industries has a twelve month low of $22.55 and a twelve month high of $41.42.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings data on Tuesday, February 5th. The industrial products company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.22). The firm had revenue of $109.35 million for the quarter, compared to the consensus estimate of $108.20 million. Powell Industries had a negative return on equity of 1.19% and a negative net margin of 0.89%. The business’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.49) earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 20th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Tuesday, February 19th.

About Powell Industries

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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