Powell Industries (NASDAQ:POWL) Stock Rating Lowered by StockNews.com

Powell Industries (NASDAQ:POWL - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a report released on Monday.

Several other equities research analysts also recently commented on POWL. Roth Mkm started coverage on shares of Powell Industries in a research note 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 report on Tuesday, December 10th.

Powell Industries Trading Up 3.5 %

NASDAQ:POWL traded up $5.50 during mid-day trading on Monday, hitting $162.86. The company's stock had a trading volume of 463,584 shares, compared to its average volume of 540,398. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 0.98 and a beta of 0.83. Powell Industries has a fifty-two week low of $122.00 and a fifty-two week high of $364.98. The stock has a fifty day moving average of $222.93 and a 200-day moving average of $233.99.

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, topping analysts' consensus estimates of $2.83 by $0.03. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. On average, equities analysts anticipate that Powell Industries will post 13.71 earnings per share for the current fiscal year.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. raised its stake in shares of Powell Industries by 134.0% in the fourth quarter. Invesco Ltd. now owns 265,139 shares of the industrial products company's stock worth $58,768,000 after acquiring an additional 151,850 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Powell Industries in the third quarter valued at approximately $30,038,000. Raymond James Financial Inc. bought a new position in Powell Industries in the 4th quarter worth approximately $22,556,000. Victory Capital Management Inc. lifted its holdings in Powell Industries by 1,119.3% during 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 in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Powell Industries by 795.9% in the 4th quarter. BNP Paribas Financial Markets now owns 81,819 shares of the industrial products company's stock valued at $18,135,000 after buying an additional 72,686 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.