Powell Industries, Inc. (NASDAQ:POWL) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Powell Industries, Inc. (NASDAQ:POWL) has received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $215.42.

Several equities research analysts have recently commented on the company. Cantor Fitzgerald cut their price objective on Powell Industries from $320.00 to $235.00 and set a “neutral” rating for the company in a report on Friday, August 14th. Glj Research raised shares of Powell Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings downgraded shares of Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th.

Insider Activity

In other news, EVP Michael Metcalf sold 4,500 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 78,900 shares in the company, valued at $22,458,096. The trade was a 5.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brett Cope sold 4,440 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $241.55, for a total transaction of $1,072,482.00. Following the completion of the sale, the chief executive officer directly owned 517,233 shares in the company, valued at approximately $124,937,631.15. The trade was a 0.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.20% of the stock is owned by insiders.

Institutional Trading of Powell Industries

Several institutional investors and hedge funds have recently bought and sold shares of POWL. BlackRock Inc. acquired a new stake in shares of Powell Industries in the second quarter valued at approximately $1,033,376,000. Janus Henderson Group PLC increased its holdings in shares of Powell Industries by 55.1% during the 1st quarter. Janus Henderson Group PLC now owns 224,966 shares of the industrial products company’s stock worth $121,643,000 after acquiring an additional 79,932 shares during the last quarter. Voss Capital LP raised its stake in Powell Industries by 18.6% in the 4th quarter. Voss Capital LP now owns 350,000 shares of the industrial products company’s stock valued at $111,573,000 after acquiring an additional 55,000 shares during the period. Fisher Asset Management LLC raised its stake in Powell Industries by 5.6% in the 4th quarter. Fisher Asset Management LLC now owns 317,273 shares of the industrial products company’s stock valued at $101,140,000 after acquiring an additional 16,777 shares during the period. Finally, Jupiter Topco LLC bought a new stake in Powell Industries in the 2nd quarter valued at $93,845,000. Institutional investors own 89.77% of the company’s stock.

Powell Industries Price Performance

Powell Industries stock opened at $189.53 on Tuesday. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 36.38, a P/E/G ratio of 2.53 and a beta of 1.18. The firm has a 50-day moving average of $197.79 and a 200-day moving average of $230.93. Powell Industries has a one year low of $92.59 and a one year high of $328.00.

Powell Industries (NASDAQ:POWL) last released its earnings results on Monday, August 3rd. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.07). Powell Industries had a return on equity of 27.51% and a net margin of 16.49%.The company had revenue of $311.74 million for the quarter, compared to the consensus estimate of $316.70 million. During the same quarter in the previous year, the company posted $3.96 EPS. The business’s revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts expect that Powell Industries will post 5.36 earnings per share for the current year.

Powell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, August 19th. Powell Industries’s dividend payout ratio (DPR) is 6.91%.

About Powell Industries

Powell Industries, Inc designs, manufactures and services equipment and systems used to control, monitor and distribute electrical power. Its offerings include medium- and low-voltage switchgear, motor control centers, power control rooms, modular power systems, circuit breakers, bus systems, protective relays and related automation and control solutions.

The company provides engineered electrical systems for industrial and infrastructure applications, including oil and gas, petrochemical, chemical, utility, mining, transportation and other heavy industries.