Powell Industries (NASDAQ:POWL) Rating Lowered to Hold at StockNews.com

Powell Industries (NASDAQ:POWL) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other research firms have also recently weighed in on POWL. Roth Capital raised Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th. Roth Mkm assumed coverage on Powell Industries in a research report on Wednesday, December 11th. They set a “buy” rating and a $312.00 price target on the stock.

Powell Industries Stock Down 0.4 %

Shares of POWL stock opened at $213.38 on Friday. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 1.28 and a beta of 0.87. The stock has a fifty day moving average of $242.33 and a 200 day moving average of $232.52. Powell Industries has a 52 week low of $122.00 and a 52 week high of $364.98.

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

Hedge Funds Weigh In On Powell Industries

Several large investors have recently made changes to their positions in the business. CWM LLC increased its position in Powell Industries by 284.6% during the 3rd quarter. CWM LLC now owns 1,946 shares of the industrial products company’s stock valued at $432,000 after buying an additional 1,440 shares in the last quarter. Creative Planning grew its stake in shares of Powell Industries by 20.8% in the third quarter. Creative Planning now owns 2,612 shares of the industrial products company’s stock worth $580,000 after acquiring an additional 449 shares during the last quarter. Vontobel Holding Ltd. bought a new position in shares of Powell Industries during the third quarter valued at $208,000. Stratos Wealth Partners LTD. raised its position in shares of Powell Industries by 18.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 31,429 shares of the industrial products company’s stock worth $6,977,000 after purchasing an additional 4,924 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in Powell Industries by 18.9% in the 3rd quarter. Raymond James & Associates now owns 21,276 shares of the industrial products company’s stock worth $4,723,000 after purchasing an additional 3,385 shares in the last quarter. 89.77% of the stock is currently 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.