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

Powell Industries (NASDAQ:POWL - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

POWL has been the topic of several other reports. Roth Mkm assumed coverage on Powell Industries in a research note on Wednesday, December 11th. They issued a "buy" rating and a $312.00 price objective on the stock. Roth Capital raised Powell Industries to a "strong-buy" rating in a research report on Tuesday, December 10th.

Powell Industries Stock Down 1.4 %

NASDAQ:POWL traded down $2.98 during trading hours on Friday, reaching $210.40. 105,983 shares of the stock were exchanged, compared to its average volume of 499,593. The business has a 50-day moving average of $241.44 and a two-hundred day moving average of $233.93. Powell Industries has a twelve month low of $122.00 and a twelve month high of $364.98. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 1.28 and a beta of 0.87.

Powell Industries (NASDAQ:POWL - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $2.86 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%. On average, research analysts forecast that Powell Industries will post 13.7 EPS for the current fiscal year.

Institutional Trading of Powell Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Powell Industries by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 688,058 shares of the industrial products company's stock worth $152,508,000 after buying an additional 24,997 shares during the last quarter. State Street Corp grew its position in shares of Powell Industries by 0.9% during the third quarter. State Street Corp now owns 362,717 shares of the industrial products company's stock worth $80,520,000 after acquiring an additional 3,403 shares during the last quarter. American Century Companies Inc. grew its position in shares of Powell Industries by 8.3% during the fourth quarter. American Century Companies Inc. now owns 351,750 shares of the industrial products company's stock worth $77,965,000 after acquiring an additional 27,029 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Powell Industries by 5.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 297,868 shares of the industrial products company's stock valued at $66,023,000 after acquiring an additional 16,002 shares during the period. Finally, Invesco Ltd. raised its position in Powell Industries by 134.0% in the 4th quarter. Invesco Ltd. now owns 265,139 shares of the industrial products company's stock valued at $58,768,000 after purchasing an additional 151,850 shares during the last quarter. Institutional investors and hedge funds 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.