Powell Industries (NASDAQ:POWL) Downgraded by StockNews.com to Hold

StockNews.com cut shares of Powell Industries (NASDAQ:POWL) from a buy rating to a hold rating in a report released on Monday.

POWL has been the subject of a number of other research reports. Roth Mkm initiated coverage on Powell Industries in a report on Wednesday, December 11th. They issued a “buy” rating and a $312.00 target price for the company. Roth Capital raised Powell Industries to a “strong-buy” rating in a report on Tuesday, December 10th.

Powell Industries Trading Up 3.3 %

Shares of NASDAQ:POWL opened at $160.76 on Monday. The stock has a fifty day simple moving average of $225.84 and a two-hundred day simple moving average of $235.04. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 0.98 and a beta of 0.87. Powell Industries has a 12-month low of $122.00 and a 12-month high of $364.98.

Powell Industries (NASDAQ:POWL) last posted its earnings results on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.03. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. As a group, equities research analysts predict that Powell Industries will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th will be issued a $0.2675 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $1.07 annualized dividend and a dividend yield of 0.67%. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s payout ratio is presently 8.12%.

Institutional Trading of Powell Industries

Large investors have recently modified their holdings of the company. Cumberland Partners Ltd bought a new position in shares of Powell Industries in the 3rd quarter worth approximately $555,000. Loomis Sayles & Co. L P bought a new position in Powell Industries in the third quarter worth approximately $7,225,000. Victory Capital Management Inc. raised its position in Powell Industries by 1,119.3% in the third quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company’s stock worth $21,886,000 after acquiring an additional 90,504 shares during the period. Great Valley Advisor Group Inc. boosted its stake in shares of Powell Industries by 34.8% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 10,947 shares of the industrial products company’s stock worth $2,430,000 after acquiring an additional 2,827 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Powell Industries by 5.7% during the 3rd quarter. Principal Financial Group Inc. now owns 51,507 shares of the industrial products company’s stock valued at $11,434,000 after acquiring an additional 2,793 shares during the period. Institutional investors own 89.77% of the company’s stock.

Powell Industries Company Profile

Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems. 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, switches, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.