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 report published on Friday morning.

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

Powell Industries Trading Down 6.5 %

Shares of POWL opened at $228.83 on Friday. The company has a market cap 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. The stock has a 50-day moving average price of $249.01 and a 200-day moving average price of $231.17. Powell Industries has a 12-month low of $122.00 and a 12-month high of $364.98.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (EPS) 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, analysts predict that Powell Industries will post 13.7 earnings per share for the current year.

Powell Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th will be paid a $0.2675 dividend. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Wednesday, February 19th. Powell Industries’s payout ratio is 8.12%.

Hedge Funds Weigh In On Powell Industries

A number of large investors have recently bought and sold shares of POWL. Wellington Management Group LLP purchased a new position in Powell Industries in the 3rd quarter worth approximately $30,038,000. Raymond James Financial Inc. purchased a new position in Powell Industries in the 4th quarter worth approximately $22,556,000. Victory Capital Management Inc. grew its position in shares of Powell Industries by 1,119.3% in the 3rd quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company’s stock worth $21,886,000 after buying an additional 90,504 shares during the last quarter. WCM Investment Management LLC bought a new stake in shares of Powell Industries in the 4th quarter worth approximately $14,261,000. Finally, Stephens Investment Management Group LLC bought a new stake in shares of Powell Industries in the 3rd quarter worth approximately $13,606,000. 89.77% of the stock is owned by hedge funds and other institutional investors.

Powell Industries Company Profile

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.