Powell Industries, Inc. (NASDAQ:POWL) Stock Has Average Target Price of $187.92 According to Analysts

Shares of Powell Industries, Inc. (NASDAQ:POWL) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $187.92.

A number of equities research analysts have recently issued reports on POWL shares. Glj Research raised shares of Powell Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $235.00 price objective on shares of Powell Industries in a research note on Thursday, October 1st. Weiss Ratings downgraded shares of Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Powell Industries from $300.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th.

Insiders Place Their Bets

In other Powell Industries news, insider Ping Ni sold 700 shares of the firm’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $167.14, for a total value of $116,998.00. Following the completion of the sale, the insider directly owned 5,339 shares of the company’s stock, valued at $892,360.46. This trade represents a 11.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Marshall Jr sold 301 shares of Powell Industries stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $187.67, for a total value of $56,488.67. Following the transaction, the vice president owned 10,552 shares in the company, valued at approximately $1,980,293.84. This represents a 2.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 5,800 shares of company stock valued at $1,074,115 in the last three months. 2.20% of the stock is currently owned by insiders.

Institutional Trading of Powell Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in POWL. USA Financial Formulas purchased a new position in Powell Industries in the first quarter worth approximately $43,000. Hollencrest Capital Management acquired a new stake in Powell Industries during the first quarter worth $54,000. MassMutual Private Wealth & Trust FSB raised its position in Powell Industries by 183.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 105 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 68 shares during the period. Allworth Financial LP purchased a new stake in Powell Industries in the second quarter valued at $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Powell Industries in the second quarter valued at $34,000. Institutional investors and hedge funds own 89.77% of the company’s stock.

Powell Industries Stock Up 0.2%

POWL opened at $150.95 on Friday. Powell Industries has a twelve month low of $92.59 and a twelve month high of $328.00. The company has a 50-day moving average price of $183.64 and a 200 day moving average price of $231.43. The company has a market cap of $5.50 billion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 1.57 and a beta of 1.17.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings data on Monday, August 3rd. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.07). The firm had revenue of $311.74 million during the quarter, compared to analyst estimates of $316.70 million. Powell Industries had a return on equity of 27.51% and a net margin of 16.49%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.96 earnings per share. As a group, sell-side analysts expect that Powell Industries will post 5.36 earnings per share for the current year.

Powell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.36 dividend on an annualized basis and a yield of 0.2%. Powell Industries’s payout ratio is 6.91%.

About Powell Industries

Powell Industries, Inc is a Houston-based manufacturer of custom-engineered electrical equipment and systems used to control, distribute and monitor electrical power. The company serves industrial and utility customers that require equipment designed for demanding operating environments, including facilities with high-voltage, hazardous or highly regulated applications.

Its product portfolio includes medium- and high-voltage metal-clad switchgear, motor control centers, electrical houses and enclosures, control panels, switchboards, bus systems and related protection and control equipment.