Powell Industries, Inc. (POWL) – What Are Investment Firms Saying About This Stock?

Shares of Powell Industries, Inc. (NASDAQ:POWL) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $187.92.

A number of brokerages have recently commented on POWL. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $235.00 price objective on shares of Powell Industries in a research report on Thursday, October 1st. Weiss Ratings downgraded Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. Glj Research upgraded Powell Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. decreased their price target on Powell Industries from $300.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday.

Insider Buying and Selling

In related news, CEO Brett Cope sold 4,799 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 507,934 shares in the company, valued at approximately $95,323,973.78. The trade was a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Marshall Jr sold 301 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $187.67, for a total transaction of $56,488.67. Following the transaction, the vice president directly owned 10,552 shares of the company’s stock, valued at $1,980,293.84. This trade represents a 2.77% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Powell Industries

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Powell Industries during the 2nd quarter valued at $1,033,376,000. Janus Henderson Group PLC increased its holdings in shares of Powell Industries by 55.1% during the 1st quarter. Janus Henderson Group PLC now owns 224,966 shares of the industrial products company’s stock worth $121,643,000 after buying an additional 79,932 shares during the last quarter. Jupiter Topco LLC purchased a new position in shares of Powell Industries in the 2nd quarter worth $93,845,000. Tidal Investments LLC raised its position in shares of Powell Industries by 222.3% in the 2nd 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. Finally, Tema ETFs LLC boosted its holdings in Powell Industries by 217.3% in the second quarter. Tema ETFs LLC now owns 268,692 shares of the industrial products company’s stock valued at $76,943,000 after acquiring an additional 184,010 shares during the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

Powell Industries Price Performance

POWL stock traded down $5.68 during midday trading on Friday, hitting $165.14. The stock had a trading volume of 1,183,558 shares, compared to its average volume of 583,427. The company’s 50-day moving average price is $188.41 and its 200 day moving average price is $232.09. The firm has a market cap of $6.02 billion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 1.78 and a beta of 1.17. Powell Industries has a 12-month low of $92.59 and a 12-month high of $328.00.

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

Powell Industries Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 0.2%. Powell Industries’s dividend payout ratio (DPR) is currently 6.91%.

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.