Powell Industries, Inc. (NASDAQ:POWL) Given Average Rating of “Moderate Buy” by Analysts

Shares of Powell Industries, Inc. (NASDAQ:POWL) have been given an average rating of “Moderate Buy” by the seven brokerages that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $236.6667.

A number of equities analysts recently issued reports on the stock. Glj Research assumed coverage on shares of Powell Industries in a research note on Thursday, March 5th. They issued a “hold” rating and a $150.00 price target for the company. Weiss Ratings raised shares of Powell Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Powell Industries from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Cantor Fitzgerald increased their price target on shares of Powell Industries from $160.00 to $320.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, Zacks Research downgraded shares of Powell Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th.

Insider Activity at Powell Industries

In related news, VP William Marshall Mauney, Jr. sold 2,500 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $323.69, for a total value of $809,225.00. Following the completion of the transaction, the vice president directly owned 10,853 shares of the company’s stock, valued at $3,513,007.57. This represents a 18.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael William Metcalf sold 9,000 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $176.00, for a total transaction of $1,584,000.00. Following the completion of the transaction, the executive vice president directly owned 83,400 shares of the company’s stock, valued at approximately $14,678,400. The trade was a 9.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 25,630 shares of company stock valued at $6,339,195 in the last three months. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Powell Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. Greenline Wealth Management LLC bought a new position in shares of Powell Industries during the fourth quarter valued at approximately $29,000. Avanza Fonder AB bought a new position in shares of Powell Industries during the fourth quarter valued at approximately $30,000. Hollencrest Capital Management bought a new position in shares of Powell Industries during the first quarter valued at approximately $54,000. 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 valued at $36,000 after purchasing an additional 63 shares in the last quarter. Finally, First Horizon Corp bought a new position in shares of Powell Industries during the fourth quarter valued at approximately $40,000. Institutional investors own 89.77% of the company’s stock.

Powell Industries Stock Performance

Shares of NASDAQ:POWL opened at $297.20 on Friday. The company has a market cap of $10.83 billion, a price-to-earnings ratio of 58.16, a price-to-earnings-growth ratio of 3.88 and a beta of 1.11. The company has a 50-day moving average price of $276.56 and a 200-day moving average price of $195.54. Powell Industries has a 12 month low of $56.70 and a 12 month high of $328.00.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings data on Monday, May 4th. The industrial products company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.09). The firm had revenue of $296.62 million for the quarter, compared to the consensus estimate of $298.12 million. Powell Industries had a net margin of 16.51% and a return on equity of 28.61%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the company posted $3.81 earnings per share. As a group, research analysts forecast that Powell Industries will post 5.47 EPS for the current fiscal year.

Powell Industries Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, May 20th. Powell Industries’s dividend payout ratio is presently 7.05%.

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.