Powell Industries (NASDAQ:POWL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Powell Industries (NASDAQ:POWL) from a hold rating to a buy rating in a research report report published on Saturday morning.

Other equities research analysts have also issued reports about the company. Roth Mkm reissued a “buy” rating and set a $350.00 price target on shares of Powell Industries in a research note on Wednesday, November 19th. Cantor Fitzgerald lifted their target price on Powell Industries from $427.00 to $481.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Powell Industries in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $415.50.

Powell Industries Trading Down 1.3%

POWL stock opened at $585.07 on Friday. Powell Industries has a 12 month low of $146.02 and a 12 month high of $612.50. The company has a 50-day moving average price of $411.14 and a 200 day moving average price of $342.81. The stock has a market cap of $7.10 billion, a PE ratio of 38.02, a P/E/G ratio of 2.66 and a beta of 0.85.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $3.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.55. The company had revenue of $251.18 million for the quarter, compared to analyst estimates of $255.34 million. Powell Industries had a net margin of 16.82% and a return on equity of 30.64%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.86 EPS. Sell-side analysts forecast 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 18th. Investors of record on Wednesday, February 18th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, February 18th. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.08 annualized dividend and a dividend yield of 0.2%. Powell Industries’s dividend payout ratio is presently 6.95%.

Insider Buying and Selling at Powell Industries

In related news, VP William Marshall Mauney, Jr. sold 3,000 shares of Powell Industries stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $331.73, for a total transaction of $995,190.00. Following the transaction, the vice president directly owned 4,451 shares of the company’s stock, valued at $1,476,530.23. This trade represents a 40.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Ping Ni sold 70 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $590.00, for a total transaction of $41,300.00. Following the completion of the transaction, the insider directly owned 2,023 shares of the company’s stock, valued at $1,193,570. This trade represents a 3.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,681 shares of company stock valued at $16,331,445 in the last 90 days. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kovitz Investment Group Partners LLC grew its stake in Powell Industries by 42.2% in the third quarter. Kovitz Investment Group Partners LLC now owns 2,314,474 shares of the industrial products company’s stock valued at $705,475,000 after purchasing an additional 686,588 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Powell Industries by 1,230,312.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 775,160 shares of the industrial products company’s stock valued at $247,106,000 after buying an additional 775,097 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Powell Industries by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 706,642 shares of the industrial products company’s stock worth $225,263,000 after buying an additional 6,419 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Powell Industries by 65.8% during the 3rd quarter. First Trust Advisors LP now owns 615,067 shares of the industrial products company’s stock worth $187,479,000 after acquiring an additional 244,051 shares in the last quarter. Finally, State Street Corp lifted its position in Powell Industries by 0.9% during the second quarter. State Street Corp now owns 352,103 shares of the industrial products company’s stock valued at $74,100,000 after acquiring an additional 3,159 shares during the last quarter. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

About Powell Industries

Powell Industries, Inc is an industrial electrical engineering company specializing in the design, manufacture and integration of customized power control and distribution solutions. The firm’s offerings range from medium‐voltage switchgear and power control centers to bus duct, motor control centers and specialty transformers. Powell also provides automation systems, protective relaying, metering, supervisory control and data acquisition (SCADA) platforms, and turnkey engineering services to help clients manage critical power infrastructure.

Serving the oil and gas, petrochemical, refining, utility, mining and industrial sectors, Powell’s products are engineered to meet demanding performance, safety and reliability requirements.