Powell Industries (NASDAQ:POWL) Upgraded at StockNews.com

StockNews.com upgraded shares of Powell Industries (NASDAQ:POWL) from a hold rating to a buy rating in a research report released on Friday morning.

POWL has been the topic of a number of other reports. Roth Capital upgraded shares of Powell Industries to a “strong-buy” rating in a research note on Tuesday, December 10th. Roth Mkm assumed coverage on shares of Powell Industries in a research note on Wednesday, December 11th. They set a “buy” rating and a $312.00 target price on the stock.

Powell Industries Stock Performance

Powell Industries stock opened at $228.83 on Friday. The company has a market capitalization of $2.76 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 1.28 and a beta of 0.87. Powell Industries has a fifty-two week low of $122.00 and a fifty-two week high of $364.98. The firm has a 50 day moving average price of $249.01 and a 200 day moving average price of $229.88.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.03. Powell Industries had a return on equity of 36.66% and a net margin of 15.15%. As a group, equities research analysts forecast that Powell Industries will post 13.7 earnings per share for the current year.

Powell Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th will be paid a dividend of $0.2675 per share. The ex-dividend date is Wednesday, February 19th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.47%. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s payout ratio is presently 8.05%.

Institutional Trading of Powell Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of POWL. Covestor Ltd increased its holdings in shares of Powell Industries by 21.8% in the 3rd quarter. Covestor Ltd now owns 229 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 41 shares during the last quarter. Chartwell Investment Partners LLC increased its stake in Powell Industries by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 7,711 shares of the industrial products company’s stock valued at $1,712,000 after purchasing an additional 60 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Powell Industries by 10.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 979 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 90 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Powell Industries by 110.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company’s stock worth $44,000 after buying an additional 105 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Powell Industries by 35.1% in the 4th quarter. KBC Group NV now owns 435 shares of the industrial products company’s stock valued at $96,000 after buying an additional 113 shares in the last quarter. 89.77% of the stock is currently owned by institutional investors and hedge funds.

About Powell Industries

Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems. The company’s principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.