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

StockNews.com upgraded shares of Powell Industries (NASDAQ:POWL - Free Report) from a hold rating to a buy rating in a research report report published on Friday.

Other equities analysts also recently issued research reports about the stock. Roth Capital upgraded shares of Powell Industries to a "strong-buy" rating in a report on Tuesday, December 10th. Roth Mkm started coverage on shares of Powell Industries in a report on Wednesday, December 11th. They issued a "buy" rating and a $312.00 price target for the company.

Powell Industries Price Performance

Shares of Powell Industries stock traded down $7.58 during trading hours on Friday, hitting $212.31. The company had a trading volume of 370,119 shares, compared to its average volume of 509,658. The company's 50-day moving average is $247.91 and its two-hundred day moving average is $231.78. Powell Industries has a twelve month low of $122.00 and a twelve month high of $364.98. The company has a market cap of $2.56 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 1.28 and a beta of 0.87.

Powell Industries (NASDAQ:POWL - Get Free Report) last issued its earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.03. Powell Industries had a net margin of 15.15% and a return on equity of 36.66%. Sell-side analysts expect that Powell Industries will post 13.7 EPS for the current year.

Powell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th will be issued a dividend of $0.2675 per share. This is an increase from Powell Industries's previous quarterly dividend of $0.27. This represents a $1.07 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Wednesday, February 19th. Powell Industries's dividend payout ratio (DPR) is 8.05%.

Institutional Trading of Powell Industries

Hedge funds have recently made changes to their positions in the company. Fox Run Management L.L.C. boosted its holdings in Powell Industries by 39.6% in the fourth quarter. Fox Run Management L.L.C. now owns 2,396 shares of the industrial products company's stock worth $531,000 after purchasing an additional 680 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Powell Industries during the fourth quarter valued at $465,000. Sei Investments Co. lifted its holdings in Powell Industries by 3.1% in the fourth quarter. Sei Investments Co. now owns 2,849 shares of the industrial products company's stock worth $631,000 after purchasing an additional 85 shares during the period. American Century Companies Inc. lifted its holdings in Powell Industries by 8.3% in the fourth quarter. American Century Companies Inc. now owns 351,750 shares of the industrial products company's stock worth $77,965,000 after purchasing an additional 27,029 shares during the period. Finally, Virtu Financial LLC bought a new stake in Powell Industries in the fourth quarter worth about $997,000. Hedge funds and other institutional investors own 89.77% of the company's stock.

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.