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

Shares of Powell Industries, Inc. (NASDAQ:POWL) have earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $215.4167.

Several equities analysts have commented on POWL shares. Glj Research upgraded Powell Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Weiss Ratings cut shares of Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. raised 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 dropped their target price on shares of Powell Industries from $320.00 to $235.00 and set a “neutral” rating on the stock in a report on Friday, August 14th. Finally, Zacks Research lowered shares of Powell Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th.

Powell Industries Price Performance

Shares of NASDAQ:POWL opened at $192.55 on Friday. The stock has a market capitalization of $7.02 billion, a P/E ratio of 36.96, a P/E/G ratio of 2.56 and a beta of 1.18. The business has a 50-day moving average of $231.07 and a two-hundred day moving average of $231.46. Powell Industries has a fifty-two week low of $83.85 and a fifty-two week high of $328.00.

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

Powell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, August 19th. Powell Industries’s payout ratio is currently 6.91%.

Insider Activity at Powell Industries

In related news, major shareholder Thomas W. Powell sold 33,958 shares of the stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $294.49, for a total value of $10,000,291.42. Following the completion of the sale, the insider owned 564,736 shares in the company, valued at approximately $166,309,104.64. This trade represents a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brett Alan Cope sold 4,440 shares of Powell Industries stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $241.55, for a total value of $1,072,482.00. Following the sale, the chief executive officer directly owned 517,233 shares in the company, valued at approximately $124,937,631.15. This trade represents 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. Insiders sold a total of 42,898 shares of company stock worth $12,353,653 in the last 90 days. 2.20% of the stock is owned by company insiders.

Institutional Trading of Powell Industries

A number of hedge funds have recently modified their holdings of POWL. USA Financial Formulas bought a new stake in shares of Powell Industries during the first quarter valued at approximately $43,000. Greenline Wealth Management LLC acquired a new stake in Powell Industries during the fourth quarter worth $29,000. Hollencrest Capital Management bought a new stake in Powell Industries in the 1st quarter valued at $54,000. MassMutual Private Wealth & Trust FSB increased its holdings in Powell Industries by 183.8% in 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 during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in Powell Industries by 126.0% in 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 during the period. Institutional investors own 89.77% of the company’s stock.

Powell Industries Company Profile

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.