Powell Industries (NASDAQ:POWL) Raised to “Buy” at StockNews.com

Powell Industries (NASDAQ:POWL) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

Other equities analysts also recently issued research reports about the company. Roth Mkm started coverage on Powell Industries in a research report on Wednesday, December 11th. They set a “buy” rating and a $312.00 target price for the company. Roth Capital upgraded Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th.

Powell Industries Trading Down 6.1 %

Shares of POWL stock opened at $177.25 on Friday. The company has a market capitalization of $2.14 billion, a P/E ratio of 13.46, a P/E/G ratio of 0.98 and a beta of 0.87. Powell Industries has a 12 month low of $122.00 and a 12 month high of $364.98. The stock has a 50 day moving average of $236.27 and a two-hundred day moving average of $234.39.

Powell Industries (NASDAQ:POWL) last posted its earnings results 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 return on equity of 35.48% and a net margin of 15.15%. Sell-side analysts predict that Powell Industries will post 13.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Powell Industries

Institutional investors have recently bought and sold shares of the business. Cumberland Partners Ltd bought a new position in Powell Industries in the 3rd quarter valued at $555,000. Loomis Sayles & Co. L P bought a new position in Powell Industries in the 3rd quarter valued at $7,225,000. Victory Capital Management Inc. raised its position in 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 valued at $21,886,000 after purchasing an additional 90,504 shares during the last quarter. Great Valley Advisor Group Inc. raised its position in Powell Industries by 34.8% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 10,947 shares of the industrial products company’s stock valued at $2,430,000 after purchasing an additional 2,827 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Powell Industries by 5.7% in the 3rd quarter. Principal Financial Group Inc. now owns 51,507 shares of the industrial products company’s stock valued at $11,434,000 after purchasing an additional 2,793 shares during the last quarter. Institutional investors own 89.77% of the company’s stock.

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.