Powell Industries (NASDAQ:POWL) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of Powell Industries (NASDAQ:POWL) in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $427.00 price objective on the industrial products company’s stock.

Several other equities research analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of Powell Industries from a “buy” rating to a “hold” rating in a research note on Monday, January 19th. Roth Mkm reaffirmed a “buy” rating and issued a $350.00 target price on shares of Powell Industries in a research report on Wednesday, November 19th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Powell Industries in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $388.50.

Powell Industries Stock Performance

Shares of POWL opened at $417.95 on Friday. The firm has a market cap of $5.07 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 2.00 and a beta of 0.86. Powell Industries has a 52-week low of $146.02 and a 52-week high of $446.11. The business’s 50 day moving average price is $347.68 and its two-hundred day moving average price is $309.06.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings data 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. Powell Industries had a net margin of 16.37% and a return on equity of 31.80%. The company had revenue of $297.98 million during the quarter, compared to analyst estimates of $292.85 million. During the same quarter in the previous year, the business posted $3.77 EPS. Powell Industries’s revenue for the quarter was up 8.3% compared to the same quarter last year. Research analysts predict that Powell Industries will post 13.71 EPS for the current fiscal year.

Powell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th were issued a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Wednesday, November 19th. Powell Industries’s dividend payout ratio (DPR) is currently 7.21%.

Insider Activity at Powell Industries

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

Institutional Trading of Powell Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kovitz Investment Group Partners LLC raised its stake in shares of Powell Industries by 42.2% in the third quarter. Kovitz Investment Group Partners LLC now owns 2,314,474 shares of the industrial products company’s stock worth $705,475,000 after purchasing an additional 686,588 shares during the last quarter. First Trust Advisors LP grew its holdings in Powell Industries by 65.8% during the third quarter. First Trust Advisors LP now owns 615,067 shares of the industrial products company’s stock worth $187,479,000 after buying an additional 244,051 shares in the last quarter. Voss Capital LP bought a new stake in Powell Industries during the second quarter worth $38,904,000. Summit Partners Public Asset Management LLC purchased a new stake in Powell Industries in the 3rd quarter valued at $43,515,000. Finally, Fisher Asset Management LLC lifted its stake in Powell Industries by 49.8% during the 3rd quarter. Fisher Asset Management LLC now owns 300,496 shares of the industrial products company’s stock valued at $91,594,000 after acquiring an additional 99,857 shares in the last quarter. 89.77% of the stock is owned by institutional investors.

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.