Analysts Set Powell Industries, Inc. (NASDAQ:POWL) PT at $427.00

Shares of Powell Industries, Inc. (NASDAQ:POWL) have been assigned an average rating of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $427.00.

POWL has been the subject of several research reports. Texas Capital raised Powell Industries to a “strong-buy” rating in a research report on Friday, March 27th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Powell Industries in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Powell Industries from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Cantor Fitzgerald raised their price target on shares of Powell Industries from $427.00 to $481.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Finally, Glj Research started coverage on shares of Powell Industries in a report on Thursday, March 5th. They set a “hold” rating and a $450.00 price objective on the stock.

Insider Activity

In other Powell Industries news, major shareholder Thomas W. Powell sold 49,778 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $502.23, for a total value of $25,000,004.94. Following the completion of the transaction, the insider owned 598,694 shares of the company’s stock, valued at $300,682,087.62. This represents a 7.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael William Metcalf sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $528.00, for a total value of $1,584,000.00. Following the completion of the transaction, the executive vice president directly owned 27,800 shares of the company’s stock, valued at approximately $14,678,400. This trade represents a 9.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 81,416 shares of company stock valued at $43,496,270. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Kovitz Investment Group Partners LLC lifted its position in 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 period. Northwestern Mutual Wealth Management Co. increased its holdings in Powell Industries by 1,230,312.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 775,160 shares of the industrial products company’s stock valued at $247,106,000 after buying an additional 775,097 shares during the period. Vanguard Group Inc. raised its stake in shares of Powell Industries by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 706,642 shares of the industrial products company’s stock valued at $225,263,000 after buying an additional 6,419 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Powell Industries by 65.8% in the 3rd quarter. First Trust Advisors LP now owns 615,067 shares of the industrial products company’s stock valued at $187,479,000 after buying an additional 244,051 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Powell Industries by 0.9% during the 2nd quarter. State Street Corp now owns 352,103 shares of the industrial products company’s stock worth $74,100,000 after acquiring an additional 3,159 shares during the period. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Powell Industries Stock Performance

Shares of NASDAQ:POWL opened at $547.81 on Tuesday. The stock’s 50-day moving average is $523.02 and its 200-day moving average is $403.59. The company has a market cap of $6.65 billion, a P/E ratio of 35.60, a P/E/G ratio of 2.41 and a beta of 0.81. Powell Industries has a 52-week low of $152.89 and a 52-week high of $612.50.

Shares of Powell Industries are scheduled to split before the market opens on Monday, April 6th. The 3-1 split was recently announced. The newly created shares will be distributed to shareholders after the market closes on Sunday, April 5th.

Powell Industries (NASDAQ:POWL) last released its earnings results on Tuesday, February 3rd. The industrial products company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.55. The firm had revenue of $251.18 million for the quarter, compared to analyst estimates of $255.34 million. Powell Industries had a return on equity of 30.64% and a net margin of 16.82%.The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.86 EPS. As a group, equities analysts predict that Powell Industries will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, February 18th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.2%. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, February 18th. Powell Industries’s dividend payout ratio (DPR) is 7.02%.

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.