Powell Industries, Inc. (NASDAQ:POWL) Stock Has Consensus Price Target of $215.42 According to Analysts

by · The Markets Daily

Powell Industries, Inc. (NASDAQ:POWL – Get Free Report) has received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $215.42.

POWL has been the topic of several research analyst reports. Weiss Ratings cut 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 shares of Powell Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Finally, Cantor Fitzgerald lowered their price objective on shares of Powell Industries from $320.00 to $235.00 and set a “neutral” rating on the stock in a research report on Friday, August 14th.

View Our Latest Analysis on Powell Industries

Insider Buying and Selling at Powell Industries

In related news, EVP Michael Metcalf sold 4,500 shares of Powell Industries stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $284.64, for a total value of $1,280,880.00. Following the completion of the sale, the executive vice president owned 78,900 shares of the company’s stock, valued at $22,458,096. The trade was a 5.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brett Cope sold 4,440 shares of the stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $241.55, for a total value of $1,072,482.00. Following the completion of the transaction, the chief executive officer directly owned 517,233 shares in the company, valued at approximately $124,937,631.15. This represents a 0.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Powell Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital World Investors bought a new stake in Powell Industries during the fourth quarter valued at about $20,704,000. Private Advisory Group LLC purchased a new position in shares of Powell Industries during the 2nd quarter valued at about $14,158,000. Voss Capital LP lifted its position in shares of Powell Industries by 18.6% during the 4th quarter. Voss Capital LP now owns 350,000 shares of the industrial products company’s stock valued at $111,573,000 after buying an additional 55,000 shares in the last quarter. BlackRock Inc. bought a new position in shares of Powell Industries during the 2nd quarter valued at approximately $1,033,376,000. Finally, GW&K Investment Management LLC increased its holdings in Powell Industries by 13.4% in the 4th quarter. GW&K Investment Management LLC now owns 254,520 shares of the industrial products company’s stock worth $81,137,000 after acquiring an additional 30,013 shares in the last quarter. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Powell Industries Trading Down 0.5%

Powell Industries stock opened at $191.62 on Tuesday. Powell Industries has a 12 month low of $92.30 and a 12 month high of $328.00. The stock has a fifty day simple moving average of $198.65 and a two-hundred day simple moving average of $231.22. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 36.78, a PEG ratio of 2.56 and a beta of 1.18.

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

Powell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Wednesday, August 19th. Powell Industries’s dividend payout ratio (DPR) is 6.91%.

About Powell Industries

(Get Free Report)

Powell Industries, Inc designs, manufactures and services equipment and systems used to control, monitor and distribute electrical power. Its offerings include medium- and low-voltage switchgear, motor control centers, power control rooms, modular power systems, circuit breakers, bus systems, protective relays and related automation and control solutions.

The company provides engineered electrical systems for industrial and infrastructure applications, including oil and gas, petrochemical, chemical, utility, mining, transportation and other heavy industries.

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