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

Powell Industries (NASDAQ:POWL - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Tuesday.

POWL has been the subject of several other research reports. Roth Capital raised Powell Industries to a "strong-buy" rating in a report on Tuesday, December 10th. Roth Mkm assumed coverage on shares of Powell Industries in a research report on Wednesday, December 11th. They set a "buy" rating and a $312.00 target price for the company.

Powell Industries Trading Up 4.0 %

Shares of POWL stock traded up $6.69 during trading hours on Tuesday, reaching $173.36. The stock had a trading volume of 294,244 shares, compared to its average volume of 419,165. The stock's fifty day simple moving average is $217.93 and its 200 day simple moving average is $233.96. The firm has a market capitalization of $2.09 billion, a PE ratio of 13.16, a PEG ratio of 0.98 and a beta of 0.84. Powell Industries has a 12 month low of $122.00 and a 12 month high of $364.98.

Powell Industries (NASDAQ:POWL - Get Free Report) last released its quarterly earnings results 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, equities research analysts anticipate that Powell Industries will post 13.71 EPS for the current fiscal year.

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Hedge Funds Weigh In On Powell Industries

Several institutional investors have recently modified their holdings of the company. Virtue Capital Management LLC purchased a new stake in Powell Industries in the fourth quarter worth approximately $857,000. Heck Capital Advisors LLC purchased a new stake in shares of Powell Industries in the 4th quarter valued at $397,000. Montchanin Asset Management LLC grew its holdings in shares of Powell Industries by 132.9% during 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 last quarter. Invst LLC grew its holdings in shares of Powell Industries by 3.4% during 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 last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 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 worth $6,009,000 after purchasing an additional 4,489 shares during the period. 89.77% of the stock is currently 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.