Powell Industries (NASDAQ:POWL) Receives “Buy” Rating from Roth Capital

Powell Industries (NASDAQ:POWL)‘s stock had its “buy” rating reaffirmed by Roth Capital in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $350.00 target price on the industrial products company’s stock. Roth Capital’s target price would indicate a potential upside of 22.46% from the stock’s current price.

Separately, Weiss Ratings raised shares of Powell Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $331.00.

Powell Industries Price Performance

POWL traded down $35.85 during trading on Wednesday, hitting $285.81. The company had a trading volume of 506,793 shares, compared to its average volume of 336,965. The company has a market cap of $3.45 billion, a PE ratio of 19.87, a P/E/G ratio of 1.95 and a beta of 0.81. Powell Industries has a 1-year low of $146.02 and a 1-year high of $413.00. The business has a 50-day moving average of $329.92 and a 200-day moving average of $256.13.

Powell Industries (NASDAQ:POWL) last released its earnings results on Tuesday, November 18th. The industrial products company reported $4.22 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.46. The firm had revenue of $297.98 million during the quarter, compared to analyst estimates of $292.85 million. Powell Industries had a net margin of 16.22% and a return on equity of 33.16%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.77 earnings per share. Research analysts forecast that Powell Industries will post 13.71 earnings per share for the current year.

Insider Activity at Powell Industries

In other news, Director John Birchall sold 3,000 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $260.03, for a total transaction of $780,090.00. Following the transaction, the director owned 6,700 shares in the company, valued at $1,742,201. This represents a 30.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael William Metcalf sold 3,200 shares of Powell Industries stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $298.74, for a total transaction of $955,968.00. Following the completion of the sale, the executive vice president directly owned 25,700 shares of the company’s stock, valued at approximately $7,677,618. The trade was a 11.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in POWL. Coldstream Capital Management Inc. bought a new stake in Powell Industries during the third quarter worth approximately $225,000. Danske Bank A S acquired a new stake in shares of Powell Industries in the third quarter worth $11,395,000. Advisory Services Network LLC boosted its holdings in shares of Powell Industries by 43.2% during the 3rd quarter. Advisory Services Network LLC now owns 9,127 shares of the industrial products company’s stock worth $2,782,000 after buying an additional 2,755 shares during the period. Eaton Financial Holdings Company LLC raised its holdings in Powell Industries by 127.1% in the 3rd quarter. Eaton Financial Holdings Company LLC now owns 7,057 shares of the industrial products company’s stock worth $2,151,000 after acquiring an additional 3,949 shares during the period. Finally, Oberweis Asset Management Inc. lifted its position in Powell Industries by 27.7% during the 3rd quarter. Oberweis Asset Management Inc. now owns 47,500 shares of the industrial products company’s stock worth $14,478,000 after acquiring an additional 10,300 shares during the last quarter. 89.77% of the stock is owned by institutional investors.

Powell Industries Company Profile

Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems. The company’s principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.