Powell Industries (NASDAQ:POWL) Stock Keeps “Neutral” Rating at Cantor Fitzgerald

Powell Industries (NASDAQ:POWL)‘s stock had its “neutral” rating restated by investment analysts at Cantor Fitzgerald in a research note issued to investors on Thursday, Marketbeat reports. They presently have a $235.00 price objective on the industrial products company’s stock. Cantor Fitzgerald’s price target indicates a potential upside of 25.06% from the company’s previous close.

A number of other brokerages also recently commented on POWL. Glj Research upgraded Powell Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Weiss Ratings downgraded Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $215.42.

Powell Industries Trading Up 1.9%

Shares of POWL stock traded up $3.44 during trading hours on Thursday, reaching $187.91. 141,404 shares of the company’s stock were exchanged, compared to its average volume of 721,478. Powell Industries has a 1 year low of $92.59 and a 1 year high of $328.00. The stock has a market cap of $6.85 billion, a PE ratio of 36.05, a PEG ratio of 2.51 and a beta of 1.18. The stock’s fifty day moving average price is $194.72 and its two-hundred day moving average price is $231.62.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings data on Monday, August 3rd. The industrial products company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.07). The company had revenue of $311.74 million during the quarter, compared to analysts’ expectations of $316.70 million. Powell Industries had a net margin of 16.49% and a return on equity of 27.51%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.96 earnings per share. On average, equities analysts expect that Powell Industries will post 5.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Brett Cope sold 4,440 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $241.55, for a total transaction of $1,072,482.00. Following the completion of the sale, the chief executive officer owned 517,233 shares in the company, valued at approximately $124,937,631.15. The trade was a 0.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Powell Industries

Several large investors have recently modified their holdings of the company. QRG Capital Management Inc. acquired a new stake in Powell Industries during the 2nd quarter worth approximately $211,000. Anchor Investment Management LLC lifted its stake in shares of Powell Industries by 92.9% in the second quarter. Anchor Investment Management LLC now owns 135 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 65 shares during the period. SkyView Investment Advisors LLC purchased a new stake in Powell Industries during the second quarter worth about $215,000. Sequoia Financial Advisors LLC grew its position in Powell Industries by 205.1% during the second quarter. Sequoia Financial Advisors LLC now owns 1,751 shares of the industrial products company’s stock worth $501,000 after buying an additional 1,177 shares during the period. Finally, Tidal Investments LLC grew its position in Powell Industries by 222.3% during the second quarter. Tidal Investments LLC now owns 282,483 shares of the industrial products company’s stock worth $80,892,000 after buying an additional 194,840 shares during the period. 89.77% of the stock is owned by institutional investors and hedge funds.

About Powell Industries

Powell Industries, Inc designs, manufactures and services equipment used to control, monitor and distribute electrical power. Its products include medium-voltage and low-voltage switchgear, motor control centers, electrical control panels, power-control rooms, bus systems and related protection and control equipment. The company also provides engineered electrical systems, field services, equipment modernization, installation support and commissioning services.

Powell serves customers in industries that require reliable and specialized electrical infrastructure, including oil and gas, petrochemical and chemical processing, utilities, mining, transportation, commercial facilities and renewable energy.