Powell Industries, Inc. (NASDAQ:POWL) has been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokerages have set a 12 month consensus price target of $42.00 for the company, according to Zacks. Zacks has also given Powell Industries an industry rank of 159 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded Powell Industries from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Thursday, October 20th.
In related news, Director Christopher E. Cragg sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $39.92, for a total value of $79,840.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 24.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in Powell Industries by 13.8% in the fourth quarter. Renaissance Technologies LLC now owns 241,100 shares of the company’s stock worth $9,403,000 after buying an additional 29,200 shares during the period. Trexquant Investment LP purchased a new position in Powell Industries during the fourth quarter worth approximately $459,000. Dimensional Fund Advisors LP boosted its position in Powell Industries by 8.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 682,274 shares of the company’s stock worth $26,609,000 after buying an additional 53,239 shares during the period. State Street Corp boosted its position in Powell Industries by 7.8% in the fourth quarter. State Street Corp now owns 193,553 shares of the company’s stock worth $7,552,000 after buying an additional 14,051 shares during the period. Finally, Comerica Bank boosted its position in Powell Industries by 4.6% in the fourth quarter. Comerica Bank now owns 9,138 shares of the company’s stock worth $366,000 after buying an additional 404 shares during the period. Institutional investors own 64.79% of the company’s stock.
Shares of Powell Industries (NASDAQ:POWL) opened at 34.38 on Thursday. Powell Industries has a 52-week low of $25.09 and a 52-week high of $47.24. The company has a market capitalization of $392.31 million, a price-to-earnings ratio of 25.11 and a beta of 0.65. The company’s 50 day moving average price is $38.72 and its 200 day moving average price is $39.09.
Powell Industries (NASDAQ:POWL) last issued its earnings results on Tuesday, February 7th. The company reported ($0.03) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.03). The business had revenue of $110.30 million for the quarter, compared to analysts’ expectations of $114.16 billion. Powell Industries had a return on equity of 5.74% and a net margin of 2.98%. The business’s revenue for the quarter was down 26.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS. On average, analysts predict that Powell Industries will post ($0.43) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, February 15th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Monday, February 13th. Powell Industries’s dividend payout ratio is presently 75.91%.
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Powell Industries Company Profile
Powell Industries, Inc develops design, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy designed to distribute, control and monitor the flow of electrical energy, and provide protection to motors, transformers and other electrically powered equipment.
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