Powell Industries, Inc. (NASDAQ:POWL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Powell Industries, Inc. (NASDAQ:POWL) have been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $236.6667.

A number of research analysts recently weighed in on POWL shares. Cantor Fitzgerald raised 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. Texas Capital raised Powell Industries to a “strong-buy” rating in a research note on Friday, March 27th. Zacks Research downgraded Powell Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. raised their price objective on Powell Industries from $310.00 to $360.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen lowered Powell Industries from a “buy” rating to a “hold” rating in a report on Saturday, March 7th.

Powell Industries Stock Performance

Shares of POWL stock opened at $294.75 on Friday. The stock’s 50 day simple moving average is $266.30 and its 200 day simple moving average is $188.84. Powell Industries has a twelve month low of $56.70 and a twelve month high of $328.00. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 57.68, a PEG ratio of 3.85 and a beta of 1.11.

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

Powell Industries Cuts Dividend

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

Insider Transactions at Powell Industries

In other Powell Industries news, EVP Michael William Metcalf sold 9,000 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $176.00, for a total value of $1,584,000.00. Following the sale, the executive vice president owned 83,400 shares of the company’s stock, valued at $14,678,400. The trade was a 9.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brett Alan Cope sold 4,440 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $301.00, for a total transaction of $1,336,440.00. Following the completion of the sale, the chief executive officer directly owned 490,113 shares in the company, valued at $147,524,013. This trade represents a 0.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 174,964 shares of company stock worth $31,339,200. 2.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Powell Industries

Several institutional investors and hedge funds have recently bought and sold shares of the business. Kovitz Investment Group Partners LLC increased its holdings in Powell Industries by 42.2% in the 3rd 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 buying an additional 686,588 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in 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 during the period. Vanguard Group Inc. increased its holdings in Powell Industries by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 706,642 shares of the industrial products company’s stock valued at $225,263,000 after buying an additional 6,419 shares during the period. First Trust Advisors LP boosted its stake in Powell Industries by 65.8% in the 3rd quarter. First Trust Advisors LP now owns 615,067 shares of the industrial products company’s stock valued at $187,479,000 after buying an additional 244,051 shares in the last quarter. Finally, State Street Corp boosted its stake in Powell Industries by 0.9% in the 2nd quarter. State Street Corp now owns 352,103 shares of the industrial products company’s stock valued at $74,100,000 after buying an additional 3,159 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.