Powell Industries’ (POWL) “Neutral” Rating Reiterated at Cantor Fitzgerald

by · The Markets Daily

Cantor Fitzgerald reissued their neutral rating on shares of Powell Industries (NASDAQ:POWL – Free Report) in a research note released on Thursday, MarketBeat Ratings reports. They currently have a $235.00 price target on the industrial products company’s stock.

A number of other equities research analysts have also weighed in on the stock. Weiss Ratings lowered shares of Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Glj Research raised Powell Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $215.42.

Get Our Latest Stock Report on POWL

Powell Industries Stock Performance

Shares of POWL stock opened at $196.10 on Thursday. Powell Industries has a fifty-two week low of $92.59 and a fifty-two week high of $328.00. The firm has a market cap of $7.14 billion, a P/E ratio of 37.64, a P/E/G ratio of 2.04 and a beta of 1.17. The business’s 50 day moving average price is $192.96 and its 200-day moving average price is $231.54.

Powell Industries (NASDAQ:POWL – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The industrial products company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.07). The business had revenue of $311.74 million during the quarter, compared to analysts’ expectations of $316.70 million. Powell Industries had a return on equity of 27.51% and a net margin of 16.49%.The business’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.96 EPS. As a group, equities analysts predict that Powell Industries will post 5.36 EPS for the current year.

Powell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.36 annualized dividend and a yield of 0.2%. Powell Industries’s payout ratio is presently 6.91%.

Insider Buying and Selling

In related news, VP William Marshall Mauney, Jr. sold 301 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $187.67, for a total value of $56,488.67. Following the sale, the vice president owned 10,552 shares in the company, valued at $1,980,293.84. This represents a 2.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Brett Cope sold 4,799 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $187.67, for a total value of $900,628.33. Following the transaction, the chief executive officer directly owned 507,934 shares of the company’s stock, valued at approximately $95,323,973.78. This trade represents a 0.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,540 shares of company stock valued at $2,029,599 in the last ninety days. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Powell Industries

Institutional investors have recently modified their holdings of the stock. Capital World Investors bought a new stake in shares of Powell Industries during the fourth quarter valued at approximately $20,704,000. Private Advisory Group LLC purchased a new position in Powell Industries in the 2nd quarter worth approximately $14,158,000. NewEdge Advisors LLC lifted its position in Powell Industries by 146.0% in the 2nd quarter. NewEdge Advisors LLC now owns 26,941 shares of the industrial products company’s stock valued at $7,715,000 after acquiring an additional 15,990 shares in the last quarter. Voss Capital LP lifted its position in Powell Industries by 18.6% in the 4th quarter. Voss Capital LP now owns 350,000 shares of the industrial products company’s stock valued at $111,573,000 after acquiring an additional 55,000 shares in the last quarter. Finally, BlackRock Inc. purchased a new stake in Powell Industries during the 2nd quarter valued at $1,033,376,000. 89.77% of the stock is owned by hedge funds and other institutional investors.

Powell Industries Company Profile

(Get Free Report)

Powell Industries, Inc designs, manufactures and services equipment used to control, monitor and distribute electrical power. Its products include medium-voltage and low-voltage switchgear, motor control centers, electrical control panels, power-control rooms, bus systems and related protection and control equipment. The company also provides engineered electrical systems, field services, equipment modernization, installation support and commissioning services.

Powell serves customers in industries that require reliable and specialized electrical infrastructure, including oil and gas, petrochemical and chemical processing, utilities, mining, transportation, commercial facilities and renewable energy.

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