Powell Industries (NASDAQ:POWL) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Powell Industries (NASDAQ:POWL) from a buy rating to a hold rating in a report published on Saturday.

Several other equities research analysts also recently commented on POWL. Roth Capital raised Powell Industries to a “strong-buy” rating in a report on Tuesday, December 10th. 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 on the stock.

Powell Industries Stock Down 0.4 %

NASDAQ POWL opened at $213.38 on Friday. Powell Industries has a twelve month low of $122.00 and a twelve month high of $364.98. The firm has a market capitalization of $2.57 billion, a PE ratio of 16.20, a P/E/G ratio of 1.28 and a beta of 0.87. The stock’s 50 day moving average is $242.33 and its 200 day moving average is $233.21.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.03. Powell Industries had a return on equity of 36.66% and a net margin of 15.15%. On average, research analysts anticipate that Powell Industries will post 13.7 earnings per share for the current year.

Powell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th will be issued a dividend of $0.2675 per share. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Wednesday, February 19th. Powell Industries’s dividend payout ratio is presently 8.05%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Cumberland Partners Ltd bought a new position in shares of Powell Industries during the third quarter valued at $555,000. Loomis Sayles & Co. L P bought a new position in shares of Powell Industries during the third quarter valued at $7,225,000. Victory Capital Management Inc. lifted its holdings in shares of Powell Industries by 1,119.3% during the third quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company’s stock valued at $21,886,000 after purchasing an additional 90,504 shares in the last quarter. Great Valley Advisor Group Inc. lifted its holdings in shares of Powell Industries by 34.8% during the third quarter. Great Valley Advisor Group Inc. now owns 10,947 shares of the industrial products company’s stock valued at $2,430,000 after purchasing an additional 2,827 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Powell Industries by 5.7% during the third quarter. Principal Financial Group Inc. now owns 51,507 shares of the industrial products company’s stock valued at $11,434,000 after purchasing an additional 2,793 shares in the last quarter. 89.77% of the stock is owned by institutional investors.

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.