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

Shares of Powell Industries, Inc. (NASDAQ:POWL) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $236.6667.

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Powell Industries from $310.00 to $360.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Texas Capital upgraded shares of Powell Industries to a “strong-buy” rating in a report on Friday, March 27th. Zacks Research cut shares of Powell Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Cantor Fitzgerald increased their price objective on Powell Industries from $160.00 to $320.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, Weiss Ratings raised Powell Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th.

Insider Activity at Powell Industries

In related news, major shareholder Thomas W. Powell sold 33,958 shares of Powell Industries stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $294.49, for a total value of $10,000,291.42. Following the transaction, the insider directly owned 564,736 shares of the company’s stock, valued at $166,309,104.64. The trade was a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP William Marshall Mauney, Jr. sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $323.69, for a total value of $809,225.00. Following the completion of the sale, the vice president owned 10,853 shares in the company, valued at $3,513,007.57. The trade was a 18.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 55,088 shares of company stock valued at $16,070,066 over the last ninety days. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Powell Industries

A number of institutional investors have recently modified their holdings of the company. Greenline Wealth Management LLC acquired a new position in Powell Industries in the fourth quarter valued at $29,000. Avanza Fonder AB acquired a new stake in Powell Industries during the 4th quarter worth about $30,000. MassMutual Private Wealth & Trust FSB raised its position in shares of 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 worth $30,000 after acquiring an additional 68 shares in the last quarter. State of Wyoming bought a new position in shares of Powell Industries in the 2nd quarter worth about $33,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of 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 purchasing an additional 63 shares during the period. 89.77% of the stock is owned by institutional investors.

Powell Industries Trading Up 5.4%

NASDAQ:POWL opened at $247.01 on Thursday. The stock has a market cap of $9.00 billion, a P/E ratio of 48.34, a price-to-earnings-growth ratio of 3.06 and a beta of 1.13. The stock’s 50-day moving average is $280.08 and its 200-day moving average is $215.02. Powell Industries has a 1-year low of $69.00 and a 1-year high of $328.00.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings data on Monday, May 4th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.09). Powell Industries had a net margin of 16.51% and a return on equity of 28.61%. The business had revenue of $296.62 million during the quarter, compared to the consensus estimate of $298.12 million. During the same quarter last year, the business earned $3.81 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts forecast that Powell Industries will post 5.47 EPS for the current year.

Powell Industries Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were paid a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.36 annualized dividend and a dividend yield of 0.1%. Powell Industries’s dividend payout ratio is presently 7.05%.

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.