Powell Industries (NASDAQ:POWL) Stock Rating Upgraded by Glj Research

Powell Industries (NASDAQ:POWL) was upgraded by stock analysts at Glj Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Zacks Research lowered shares of Powell Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Texas Capital upgraded shares of Powell Industries to a “strong-buy” rating in a research note on Friday, March 27th. JPMorgan Chase & Co. lifted their target price on shares of Powell Industries from $310.00 to $360.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Cantor Fitzgerald upped their target price on shares of Powell Industries from $160.00 to $320.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Weiss Ratings raised Powell Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Powell Industries presently has an average rating of “Buy” and a consensus target price of $236.67.

Powell Industries Price Performance

NASDAQ:POWL opened at $247.01 on Tuesday. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of 48.34, a price-to-earnings-growth ratio of 3.06 and a beta of 1.13. Powell Industries has a one year low of $69.00 and a one year high of $328.00. The business has a fifty day moving average price of $280.08 and a 200-day moving average price of $215.02.

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

Insider Activity

In related news, EVP Michael William Metcalf sold 4,500 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $284.64, for a total transaction of $1,280,880.00. Following the completion of the transaction, the executive vice president directly owned 78,900 shares of the company’s stock, valued at approximately $22,458,096. This trade represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Richard E. Williams sold 5,250 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $299.19, for a total transaction of $1,570,747.50. Following the transaction, the director directly owned 39,630 shares of the company’s stock, valued at $11,856,899.70. The trade was a 11.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 55,088 shares of company stock valued at $16,070,066. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Greenline Wealth Management LLC bought a new stake in shares of Powell Industries during the fourth quarter worth $29,000. Avanza Fonder AB purchased a new position in Powell Industries in the 4th quarter worth about $30,000. Hollencrest Capital Management bought a new stake in Powell Industries during the 1st quarter valued at about $54,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Powell Industries by 183.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 105 shares of the industrial products company’s stock valued at $30,000 after buying an additional 68 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Powell Industries by 126.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 113 shares of the industrial products company’s stock valued at $36,000 after buying an additional 63 shares in the last quarter. Institutional investors own 89.77% of the company’s stock.

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.