Powell Industries (NASDAQ:POWL) Reaches New 52-Week High – Should You Buy?

by · The Cerbat Gem

Powell Industries, Inc. (NASDAQ:POWL – Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $414.80 and last traded at $409.4010, with a volume of 7054 shares. The stock had previously closed at $401.27.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Roth Capital reaffirmed a “buy” rating and set a $350.00 price target on shares of Powell Industries in a research note on Wednesday, November 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Powell Industries in a report on Monday, December 29th. Finally, Wall Street Zen raised Powell Industries from a “hold” rating to a “buy” rating in a research report on Sunday. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Powell Industries has an average rating of “Buy” and a consensus target price of $350.00.

Check Out Our Latest Research Report on POWL

Powell Industries Stock Performance

The company’s fifty day moving average is $338.71 and its two-hundred day moving average is $299.68. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 1.87 and a beta of 0.86.

Powell Industries (NASDAQ:POWL – Get Free Report) last announced its quarterly earnings results on Tuesday, November 18th. The industrial products company reported $4.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.46. The firm had revenue of $297.98 million during the quarter, compared to the consensus estimate of $292.85 million. Powell Industries had a return on equity of 31.80% and a net margin of 16.37%.The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.77 EPS. As a group, analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors 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 annualized dividend and a yield of 0.3%. Powell Industries’s payout ratio is 7.21%.

Insiders Place Their Bets

In other Powell Industries news, VP William Marshall Mauney, Jr. sold 3,000 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $331.73, for a total value of $995,190.00. Following the completion of the sale, the vice president owned 4,451 shares of the company’s stock, valued at $1,476,530.23. This trade represents a 40.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Avanza Fonder AB acquired a new stake in Powell Industries during the 4th quarter valued at $30,000. Elevation Point Wealth Partners LLC purchased a new position in Powell Industries in the 2nd quarter valued at about $33,000. State of Wyoming acquired a new stake in shares of Powell Industries during the second quarter valued at about $33,000. Manchester Capital Management LLC grew its stake in shares of Powell Industries by 42.9% during the second quarter. Manchester Capital Management LLC now owns 200 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 60 shares in the last quarter. Finally, Virtus Advisers LLC purchased a new stake in shares of Powell Industries during the second quarter worth about $46,000. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

Powell Industries Company Profile

(Get Free Report)

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.

Read More