Powell Industries, Inc. (NASDAQ:POWL) Receives $236.67 Average PT from Analysts

Shares of Powell Industries, Inc. (NASDAQ:POWL) have received an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $236.6667.

Several equities analysts recently issued reports on POWL shares. Weiss Ratings raised Powell Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Zacks Research cut Powell Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Glj Research began coverage on Powell Industries in a report on Thursday, March 5th. They set a “hold” rating and a $150.00 price objective for the company. Cantor Fitzgerald increased their price objective on Powell Industries from $160.00 to $320.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Finally, Wall Street Zen cut Powell Industries from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th.

Powell Industries Stock Performance

Shares of POWL stock opened at $291.97 on Wednesday. The stock has a fifty day moving average price of $237.15 and a 200 day moving average price of $173.03. The stock has a market cap of $10.64 billion, a PE ratio of 57.14, a P/E/G ratio of 3.65 and a beta of 1.14. Powell Industries has a 1 year low of $54.75 and a 1 year high of $328.00.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings data on Monday, May 4th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.09). The firm had revenue of $296.62 million for the quarter, compared to analyst estimates of $298.12 million. Powell Industries had a return on equity of 28.61% and a net margin of 16.51%.The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.81 earnings per share. As a group, equities research analysts predict that Powell Industries will post 5.47 earnings per share for the current year.

Powell Industries Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, May 20th. Powell Industries’s dividend payout ratio (DPR) is currently 7.05%.

Insider Activity

In related news, major shareholder Thomas W. Powell sold 149,334 shares of Powell Industries stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $167.41, for a total transaction of $25,000,004.94. Following the completion of the sale, the insider owned 1,796,082 shares in the company, valued at approximately $300,682,087.62. This trade represents a 7.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP William Marshall Mauney, Jr. sold 2,500 shares of Powell Industries stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $323.69, for a total value of $809,225.00. Following the sale, the vice president owned 10,853 shares of the company’s stock, valued at approximately $3,513,007.57. This represents a 18.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 179,404 shares of company stock worth $32,086,304 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Powell Industries

Institutional investors have recently added to or reduced their stakes in the business. Greenline Wealth Management LLC acquired a new position in Powell Industries in the fourth quarter valued at $29,000. Avanza Fonder AB acquired a new position in Powell Industries in the fourth quarter valued at $30,000. State of Wyoming acquired a new position in Powell Industries in the second quarter valued at $33,000. Steward Partners Investment Advisory LLC increased its stake in Powell Industries by 126.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 113 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 63 shares during the last quarter. Finally, First Horizon Corp acquired a new position in Powell Industries in the fourth quarter valued at $40,000. 89.77% of the stock is currently owned by institutional investors and hedge funds.

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.