Powell Industries (NASDAQ:POWL) Upgraded at Glj Research

Powell Industries (NASDAQ:POWL) was upgraded by Glj Research to a “strong-buy” rating in a research report issued to clients and investors on Thursday, Marketbeat reports.

Several other brokerages also recently commented on POWL. Wall Street Zen downgraded shares of Powell Industries from a “buy” rating to a “hold” rating in a research report on Saturday. Cantor Fitzgerald boosted their target price on Powell Industries from $427.00 to $481.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Powell Industries in a research report on Monday, December 29th. Finally, Roth Mkm restated a “buy” rating and issued a $350.00 target price on shares of Powell Industries in a report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $427.00.

Powell Industries Stock Performance

Shares of NASDAQ POWL opened at $483.65 on Thursday. Powell Industries has a 52-week low of $152.40 and a 52-week high of $612.50. The company’s 50 day moving average price is $465.25 and its 200-day moving average price is $369.12. The company has a market capitalization of $5.87 billion, a P/E ratio of 31.43, a price-to-earnings-growth ratio of 2.29 and a beta of 0.82.

Powell Industries (NASDAQ:POWL) last released its earnings results on Tuesday, February 3rd. The industrial products company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.55. The business 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%. Powell Industries’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.86 earnings per share. Analysts forecast that Powell Industries will post 13.71 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Ping Ni sold 70 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $590.00, for a total transaction of $41,300.00. Following the sale, the insider owned 2,023 shares of the company’s stock, valued at approximately $1,193,570. This represents a 3.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Thomas W. Powell sold 14,911 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $600.92, for a total transaction of $8,960,318.12. Following the completion of the sale, the insider owned 652,069 shares in the company, valued at $391,841,303.48. This represents a 2.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 30,158 shares of company stock valued at $17,160,352 over the last three months. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Powell Industries

A number of institutional investors have recently made changes to their positions in POWL. Alps Advisors Inc. lifted its holdings in shares of Powell Industries by 1.1% in the 4th quarter. Alps Advisors Inc. now owns 1,599 shares of the industrial products company’s stock worth $510,000 after acquiring an additional 18 shares during the last quarter. CWM LLC lifted its position in Powell Industries by 2.0% in the fourth quarter. CWM LLC now owns 1,219 shares of the industrial products company’s stock valued at $389,000 after purchasing an additional 24 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Powell Industries by 3.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 686 shares of the industrial products company’s stock worth $219,000 after purchasing an additional 25 shares during the last quarter. Maryland State Retirement & Pension System grew its position in shares of Powell Industries by 2.0% in the 4th quarter. Maryland State Retirement & Pension System now owns 1,380 shares of the industrial products company’s stock worth $440,000 after buying an additional 27 shares during the last quarter. Finally, State of Wyoming boosted its holdings in Powell Industries by 18.5% in the third quarter. State of Wyoming now owns 186 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 29 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.