Powell Industries (NASDAQ:POWL) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Powell Industries (NASDAQ:POWL) from a buy rating to a hold rating in a research report report published on Monday.

Several other research firms have also issued reports on POWL. 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. Roth Capital upgraded Powell Industries to a “strong-buy” rating in a report on Tuesday, December 10th.

Powell Industries Price Performance

POWL opened at $160.76 on Monday. The stock’s 50 day simple moving average is $225.84 and its 200 day simple moving average is $235.04. Powell Industries has a 1 year low of $122.00 and a 1 year high of $364.98. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 0.98 and a beta of 0.87.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (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%. As a group, sell-side analysts anticipate that Powell Industries will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th will be issued a $0.2675 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $1.07 annualized dividend and a yield of 0.67%. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend payout ratio (DPR) is 8.12%.

Institutional Investors Weigh In On Powell Industries

Several institutional investors and hedge funds have recently bought and sold shares of the business. Virtue Capital Management LLC purchased a new stake in Powell Industries in the 4th quarter worth approximately $857,000. Heck Capital Advisors LLC purchased a new position in shares of Powell Industries in the 4th quarter valued at approximately $397,000. Montchanin Asset Management LLC lifted its stake in shares of Powell Industries by 132.9% in the 4th quarter. Montchanin Asset Management LLC now owns 2,515 shares of the industrial products company’s stock valued at $557,000 after purchasing an additional 1,435 shares during the period. Invst LLC lifted its stake in shares of Powell Industries by 3.4% in the 4th quarter. Invst LLC now owns 5,148 shares of the industrial products company’s stock valued at $1,141,000 after purchasing an additional 171 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Powell Industries by 19.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,112 shares of the industrial products company’s stock valued at $6,009,000 after purchasing an additional 4,489 shares during the period. Hedge funds and other 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.