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

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

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

Powell Industries Trading Down 8.0 %

NASDAQ:POWL traded down $13.61 during mid-day trading on Monday, hitting $156.10. 531,484 shares of the company’s stock were exchanged, compared to its average volume of 535,137. Powell Industries has a fifty-two week low of $122.00 and a fifty-two week high of $364.98. The company has a 50 day simple moving average of $227.38 and a 200-day simple moving average of $235.13. The firm has a market capitalization of $1.88 billion, a P/E ratio of 11.85, a PEG ratio of 0.98 and a beta of 0.87.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $2.86 earnings per share 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 35.48%. As a group, analysts expect that Powell Industries will post 13.71 earnings per share for the current year.

Institutional Investors Weigh In On Powell Industries

Hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd grew its position in shares of Powell Industries by 21.8% during the 3rd quarter. Covestor Ltd now owns 229 shares of the industrial products company’s stock worth $51,000 after buying an additional 41 shares during the period. Chartwell Investment Partners LLC increased its stake in Powell Industries by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 7,711 shares of the industrial products company’s stock valued at $1,712,000 after purchasing an additional 60 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Powell Industries by 3.1% during the fourth quarter. Sei Investments Co. now owns 2,849 shares of the industrial products company’s stock valued at $631,000 after purchasing an additional 85 shares during the period. Freedom Investment Management Inc. boosted its position in shares of Powell Industries by 3.7% during the 4th quarter. Freedom Investment Management Inc. now owns 2,421 shares of the industrial products company’s stock worth $537,000 after purchasing an additional 87 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Powell Industries by 10.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 979 shares of the industrial products company’s stock valued at $217,000 after buying an additional 90 shares during the period. 89.77% of the stock is currently owned by institutional investors.

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.