Powell Industries (NASDAQ:POWL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Powell Industries (NASDAQ:POWL) from a hold rating to a buy rating in a research report released on Sunday.

A number of other research firms have also weighed in on POWL. Roth Capital reissued a “buy” rating and set a $350.00 target price on shares of Powell Industries in a report on Wednesday, November 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Powell Industries in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $350.00.

Powell Industries Stock Up 3.3%

Shares of POWL opened at $399.12 on Friday. The stock has a market cap of $4.85 billion, a PE ratio of 26.88, a PEG ratio of 1.81 and a beta of 0.86. Powell Industries has a 12-month low of $146.02 and a 12-month high of $413.00. The business has a 50-day simple moving average of $338.60 and a two-hundred day simple moving average of $298.96.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings results on Tuesday, November 18th. The industrial products company reported $4.22 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.46. Powell Industries had a return on equity of 31.80% and a net margin of 16.37%.The company had revenue of $297.98 million for the quarter, compared to analysts’ expectations of $292.85 million. During the same period in the previous year, the business posted $3.77 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts expect that Powell Industries will post 13.71 EPS for the current year.

Powell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th were given a dividend of $0.2675 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $1.07 dividend on an annualized basis and a yield of 0.3%. Powell Industries’s dividend payout ratio is 7.21%.

Insider Buying and Selling at Powell Industries

In other news, VP William Marshall Mauney, Jr. sold 3,000 shares of Powell Industries stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $331.73, for a total value of $995,190.00. Following the completion of the transaction, the vice president directly owned 4,451 shares of the company’s stock, valued at approximately $1,476,530.23. This trade represents a 40.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Powell Industries

Several large investors have recently modified their holdings of POWL. Ashton Thomas Private Wealth LLC raised its position in Powell Industries by 2.8% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 1,048 shares of the industrial products company’s stock valued at $319,000 after buying an additional 29 shares during the last quarter. State of Wyoming grew its stake in shares of Powell Industries by 18.5% in the 3rd quarter. State of Wyoming now owns 186 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 29 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Powell Industries by 1.1% in the third quarter. Arizona State Retirement System now owns 2,847 shares of the industrial products company’s stock valued at $868,000 after purchasing an additional 30 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Powell Industries by 3.6% during the second quarter. Advisors Asset Management Inc. now owns 1,221 shares of the industrial products company’s stock valued at $257,000 after purchasing an additional 42 shares in the last quarter. Finally, Quest Investment Management LLC lifted its position in shares of Powell Industries by 0.9% during the third quarter. Quest Investment Management LLC now owns 5,002 shares of the industrial products company’s stock valued at $1,525,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds 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.