Powell Industries, Inc. (NASDAQ:POWL) Stock Has Average Target Price of $187.92

Powell Industries, Inc. (NASDAQ:POWL) has been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $187.92.

POWL has been the subject of a number of analyst reports. Glj Research raised Powell Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. dropped their price objective on Powell Industries from $300.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $235.00 target price on shares of Powell Industries in a report on Thursday, October 1st. Finally, Weiss Ratings cut shares of Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th.

Powell Industries Trading Down 2.4%

Shares of POWL opened at $138.21 on Wednesday. Powell Industries has a twelve month low of $92.59 and a twelve month high of $328.00. The stock’s 50 day moving average is $173.38 and its two-hundred day moving average is $212.11. The firm has a market capitalization of $5.03 billion, a PE ratio of 26.53, a P/E/G ratio of 1.47 and a beta of 1.25.

Powell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Wednesday, November 18th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, November 18th. Powell Industries’s dividend payout ratio (DPR) is 6.91%.

Insider Buying and Selling

In related news, insider Ping Ni sold 700 shares of the company’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $167.14, for a total value of $116,998.00. Following the sale, the insider owned 5,339 shares of the company’s stock, valued at approximately $892,360.46. This represents a 11.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brett Cope sold 4,799 shares of the stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $187.67, for a total value of $900,628.33. Following the sale, the chief executive officer owned 507,934 shares in the company, valued at approximately $95,323,973.78. This trade represents a 0.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,800 shares of company stock worth $1,074,115 in the last ninety days. Insiders own 2.20% of the company’s stock.

Institutional Trading of Powell Industries

A number of large investors have recently made changes to their positions in the stock. Independent Advisor Alliance raised its stake in Powell Industries by 5.9% in the 3rd quarter. Independent Advisor Alliance now owns 6,402 shares of the industrial products company’s stock valued at $1,175,000 after purchasing an additional 359 shares during the last quarter. Voya Investment Management LLC lifted its holdings in Powell Industries by 47.1% in the 3rd quarter. Voya Investment Management LLC now owns 14,407 shares of the industrial products company’s stock valued at $2,658,000 after purchasing an additional 4,616 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Powell Industries by 24.1% during the 3rd quarter. Public Sector Pension Investment Board now owns 137,578 shares of the industrial products company’s stock worth $25,371,000 after purchasing an additional 26,761 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Powell Industries by 21.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 715 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 128 shares during the last quarter. Finally, Rock Creek Group LLC purchased a new stake in shares of Powell Industries during the third quarter worth about $555,000. Institutional investors and hedge funds own 89.77% of the company’s stock.

Powell Industries Company Profile

Powell Industries designs, manufactures and services custom-engineered electrical equipment and systems used to distribute, control and monitor electrical power. Its offerings include electrical switchgear, control rooms and integrated power-control systems for industrial and utility applications. The company serves customers in industries such as oil and gas, petrochemicals, utilities, mining and transportation. Its equipment is used in facilities including power plants, refineries and other energy and industrial sites, in North America and international markets.