Powell Industries (NASDAQ:POWL) Upgraded to Strong-Buy at Roth Capital

Powell Industries (NASDAQ:POWL - Get Free Report) was upgraded by investment analysts at Roth Capital to a "strong-buy" rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on POWL. Roth Mkm started coverage on shares of Powell Industries in a research note on Wednesday. They set a "buy" rating and a $312.00 price objective on the stock. StockNews.com upgraded shares of Powell Industries from a "hold" rating to a "buy" rating in a research report on Tuesday.

Powell Industries Stock Down 4.3 %

Shares of POWL traded down $11.49 during trading hours on Tuesday, hitting $258.48. 262,664 shares of the company were exchanged, compared to its average volume of 385,744. Powell Industries has a fifty-two week low of $76.29 and a fifty-two week high of $364.98. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 1.42 and a beta of 0.85. The firm's fifty day moving average is $277.28 and its 200 day moving average is $204.83.

Insider Buying and Selling

In other Powell Industries news, major shareholder Thomas W. Powell sold 10,000 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $246.14, for a total value of $2,461,400.00. Following the completion of the transaction, the insider now directly owns 1,658,328 shares in the company, valued at approximately $408,180,853.92. This trade represents a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 60,000 shares of company stock worth $14,679,842 in the last three months. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. State Street Corp grew its holdings in Powell Industries by 0.9% during the 3rd 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 stake in shares of Powell Industries by 15.0% in the second quarter. American Century Companies Inc. now owns 274,388 shares of the industrial products company's stock worth $39,347,000 after purchasing an additional 35,818 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Powell Industries by 3.9% in the third quarter. Geode Capital Management LLC now owns 257,049 shares of the industrial products company's stock worth $57,071,000 after purchasing an additional 9,692 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Powell Industries in the third quarter valued at $30,038,000. Finally, Bank of New York Mellon Corp raised its position in Powell Industries by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 99,517 shares of the industrial products company's stock worth $14,271,000 after purchasing an additional 1,015 shares during the last quarter. 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.