Powell Industries (NASDAQ:POWL) Rating Increased to Buy at StockNews.com

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

POWL has been the subject of a number of other reports. Roth Capital raised shares of Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th. Roth Mkm began coverage on shares of Powell Industries in a research report on Wednesday, December 11th. They issued a “buy” rating and a $312.00 price objective for the company.

Powell Industries Trading Down 6.5 %

Shares of POWL traded down $16.01 on Friday, reaching $228.83. The company’s stock had a trading volume of 874,293 shares, compared to its average volume of 511,253. Powell Industries has a twelve month low of $122.00 and a twelve month high of $364.98. The stock has a market capitalization of $2.76 billion, a PE ratio of 18.62, a PEG ratio of 1.25 and a beta of 0.87. The firm has a fifty day moving average of $249.01 and a 200-day moving average of $229.88.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.03. Powell Industries had a net margin of 14.80% and a return on equity of 35.68%. As a group, equities analysts anticipate that Powell Industries will post 13.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp grew its position in shares of Powell Industries by 0.9% during the 3rd quarter. State Street Corp now owns 362,717 shares of the industrial products company’s stock valued at $80,520,000 after acquiring an additional 3,403 shares during the period. Geode Capital Management LLC grew its position in shares of Powell Industries by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 257,049 shares of the industrial products company’s stock valued at $57,071,000 after acquiring an additional 9,692 shares during the period. Wellington Management Group LLP bought a new position in Powell Industries in the 3rd quarter worth approximately $30,038,000. Raymond James Financial Inc. bought a new position in Powell Industries in the 4th quarter worth approximately $22,556,000. Finally, Victory Capital Management Inc. boosted its holdings 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 worth $21,886,000 after buying an additional 90,504 shares during the period. 89.77% of the stock is owned by 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.