Powell Industries, Inc. (NASDAQ:POWL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Powell Industries, Inc. (NASDAQ:POWL) has received an average rating of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $427.00.

Several analysts recently commented on POWL shares. Glj Research assumed coverage on Powell Industries in a research note on Thursday, March 5th. They issued a “hold” rating and a $450.00 price objective for the company. Wall Street Zen cut shares of Powell Industries from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Powell Industries in a research report on Monday, December 29th. Texas Capital raised shares of Powell Industries to a “strong-buy” rating in a research note on Friday. Finally, Cantor Fitzgerald boosted their price target on shares of Powell Industries from $427.00 to $481.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th.

Powell Industries Stock Performance

Powell Industries stock opened at $502.56 on Tuesday. The stock has a market capitalization of $6.10 billion, a P/E ratio of 32.65, a P/E/G ratio of 2.34 and a beta of 0.82. The company’s fifty day moving average price is $515.70 and its 200 day moving average price is $399.73. Powell Industries has a 1 year low of $152.89 and a 1 year high of $612.50.

Powell Industries shares are set to split on the morning of Monday, April 6th. The 3-1 split was recently announced. The newly created shares will be payable to shareholders after the closing bell on Sunday, April 5th.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.55. Powell Industries had a net margin of 16.82% and a return on equity of 30.64%. The firm had revenue of $251.18 million for the quarter, compared to analyst estimates of $255.34 million. During the same period last year, the company posted $2.86 EPS. Powell Industries’s quarterly revenue was up 4.1% compared to the same quarter last year. Sell-side analysts predict that Powell Industries will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 18th were issued a dividend of $0.27 per share. The ex-dividend date was Wednesday, February 18th. This represents a $1.08 annualized dividend and a dividend yield of 0.2%. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s payout ratio is presently 7.02%.

Insider Buying and Selling

In related news, CEO Brett Alan Cope sold 1,480 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $504.80, for a total transaction of $747,104.00. Following the completion of the sale, the chief executive officer directly owned 169,291 shares in the company, valued at approximately $85,458,096.80. This trade represents a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ping Ni sold 70 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $590.00, for a total transaction of $41,300.00. Following the completion of the transaction, the insider owned 2,023 shares in the company, valued at $1,193,570. The trade was a 3.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 78,416 shares of company stock valued at $41,912,270 over the last ninety days. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in POWL. Greenline Wealth Management LLC purchased a new stake in Powell Industries during the 4th quarter worth about $29,000. Avanza Fonder AB purchased a new position in shares of Powell Industries in the 4th quarter valued at about $30,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Powell Industries during the second quarter worth about $33,000. State of Wyoming purchased a new stake in shares of Powell Industries during the second quarter worth approximately $33,000. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Powell Industries by 126.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 113 shares of the industrial products company’s stock worth $36,000 after buying an additional 63 shares during the period. 89.77% of the stock is currently owned by institutional investors and hedge funds.

About Powell Industries

Powell Industries, Inc is an industrial electrical engineering company specializing in the design, manufacture and integration of customized power control and distribution solutions. The firm’s offerings range from medium‐voltage switchgear and power control centers to bus duct, motor control centers and specialty transformers. Powell also provides automation systems, protective relaying, metering, supervisory control and data acquisition (SCADA) platforms, and turnkey engineering services to help clients manage critical power infrastructure.

Serving the oil and gas, petrochemical, refining, utility, mining and industrial sectors, Powell’s products are engineered to meet demanding performance, safety and reliability requirements.