Powell Industries, Inc. (NASDAQ:POWL) Stock Has Average Target Price of $215.42 According to Brokerages

Powell Industries, Inc. (NASDAQ:POWL) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $215.42.

POWL has been the subject of a number of recent analyst reports. Weiss Ratings downgraded Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th. Cantor Fitzgerald dropped their price objective on Powell Industries from $320.00 to $235.00 and set a “neutral” rating on the stock in a report on Friday, August 14th. Finally, Glj Research raised Powell Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th.

Powell Industries Stock Performance

Shares of POWL opened at $187.23 on Tuesday. Powell Industries has a 1 year low of $92.59 and a 1 year high of $328.00. The stock has a market capitalization of $6.82 billion, a PE ratio of 35.94, a PEG ratio of 2.53 and a beta of 1.18. The stock has a 50-day simple moving average of $196.97 and a 200-day simple moving average of $231.41.

Powell Industries (NASDAQ:POWL) last issued its earnings results on Monday, August 3rd. The industrial products company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.07). Powell Industries had a net margin of 16.49% and a return on equity of 27.51%. The firm had revenue of $311.74 million during the quarter, compared to analyst estimates of $316.70 million. During the same period last year, the business earned $3.96 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. Analysts predict that Powell Industries will post 5.36 EPS for the current year.

Powell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were given a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.36 dividend on an annualized basis and a yield of 0.2%. Powell Industries’s payout ratio is 6.91%.

Insider Transactions at Powell Industries

In related news, CEO Brett Cope sold 4,440 shares of the company’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $241.55, for a total value of $1,072,482.00. Following the completion of the sale, the chief executive officer directly owned 517,233 shares of the company’s stock, valued at $124,937,631.15. This represents a 0.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Powell Industries

Hedge funds have recently modified their holdings of the business. USA Financial Formulas purchased a new stake in Powell Industries in the 1st quarter valued at $43,000. Hollencrest Capital Management purchased a new stake in shares of Powell Industries in the first quarter valued at about $54,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Powell Industries by 183.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 105 shares of the industrial products company’s stock worth $30,000 after buying an additional 68 shares during the period. Allworth Financial LP acquired a new stake in shares of Powell Industries during the second quarter worth about $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Powell Industries during the second quarter worth about $34,000. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

Powell Industries Company Profile

Powell Industries, Inc designs, manufactures and services equipment and systems used to control, monitor and distribute electrical power. Its offerings include medium- and low-voltage switchgear, motor control centers, power control rooms, modular power systems, circuit breakers, bus systems, protective relays and related automation and control solutions.

The company provides engineered electrical systems for industrial and infrastructure applications, including oil and gas, petrochemical, chemical, utility, mining, transportation and other heavy industries.