Powell Industries (NASDAQ:POWL) Research Coverage Started at Glj Research

Glj Research assumed coverage on shares of Powell Industries (NASDAQ:POWL) in a research report sent to investors on Thursday morning, Marketbeat.com reports. The brokerage issued a hold rating on the industrial products company’s stock.

A number of other brokerages also recently issued reports on POWL. Weiss Ratings reiterated a “buy (b-)” rating on shares of Powell Industries in a report on Monday, December 29th. Wall Street Zen lowered Powell Industries from a “buy” rating to a “hold” rating in a research report on Saturday. Cantor Fitzgerald lifted their target price on Powell Industries from $427.00 to $481.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Finally, Roth Mkm reiterated a “buy” rating and issued a $350.00 target price on shares of Powell Industries in a research report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $427.00.

Powell Industries Stock Down 3.8%

Powell Industries stock opened at $483.65 on Thursday. Powell Industries has a 52-week low of $152.40 and a 52-week high of $612.50. The business has a 50-day simple moving average of $465.25 and a two-hundred day simple moving average of $369.92. The company has a market cap of $5.87 billion, a P/E ratio of 31.43, a P/E/G ratio of 2.20 and a beta of 0.82.

Powell Industries (NASDAQ:POWL) last released its earnings results on Tuesday, February 3rd. The industrial products company reported $3.40 EPS for the quarter, topping the consensus estimate of $2.85 by $0.55. Powell Industries had a net margin of 16.82% and a return on equity of 30.64%. The firm had revenue of $251.18 million for the quarter, compared to the consensus estimate of $255.34 million. During the same quarter in the previous year, the firm earned $2.86 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. Research analysts anticipate that Powell Industries will post 13.71 EPS for the current fiscal year.

Powell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 18th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.2%. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, February 18th. Powell Industries’s dividend payout ratio (DPR) is 7.02%.

Insider Buying and Selling at Powell Industries

In other news, major shareholder Thomas W. Powell sold 14,911 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $600.92, for a total value of $8,960,318.12. Following the sale, the insider directly owned 652,069 shares in the company, valued at $391,841,303.48. The trade was a 2.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ping Ni sold 70 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $590.00, for a total transaction of $41,300.00. Following the completion of the sale, the insider owned 2,023 shares in the company, valued at approximately $1,193,570. This trade represents a 3.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 30,158 shares of company stock valued at $17,160,352. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Powell Industries

Several large investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. raised its position in Powell Industries by 1.1% during the fourth quarter. Alps Advisors Inc. now owns 1,599 shares of the industrial products company’s stock valued at $510,000 after purchasing an additional 18 shares during the period. CWM LLC boosted its holdings in shares of Powell Industries by 2.0% in the 4th quarter. CWM LLC now owns 1,219 shares of the industrial products company’s stock worth $389,000 after purchasing an additional 24 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Powell Industries by 3.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 686 shares of the industrial products company’s stock valued at $219,000 after purchasing an additional 25 shares during the last quarter. Maryland State Retirement & Pension System increased its position in shares of Powell Industries by 2.0% during the 4th quarter. Maryland State Retirement & Pension System now owns 1,380 shares of the industrial products company’s stock valued at $440,000 after purchasing an additional 27 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its holdings in Powell Industries by 2.8% during 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 period. 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.