Shares of Powell Industries Inc. (NASDAQ:POWL) have received an average broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.
Brokerages have set a 12-month consensus price target of $39.00 for the company and are predicting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned Powell Industries an industry rank of 198 out of 265 based on the ratings given to its competitors.
A number of equities analysts have issued reports on POWL shares. Zacks Investment Research raised shares of Powell Industries from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Saturday, July 16th. Sidoti cut shares of Powell Industries from a “buy” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a research note on Wednesday, July 6th.
Shares of Powell Industries (NASDAQ:POWL) opened at 38.83 on Friday. The company has a 50-day moving average of $38.95 and a 200-day moving average of $35.02. Powell Industries has a one year low of $23.00 and a one year high of $41.10. The company has a market capitalization of $442.39 million, a PE ratio of 27.48 and a beta of 0.78.
Powell Industries (NASDAQ:POWL) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.35. Powell Industries had a net margin of 2.73% and a return on equity of 6.18%. The firm had revenue of $133.20 million for the quarter, compared to analysts’ expectations of $126.74 million. During the same period last year, the firm earned $0.60 earnings per share. The business’s revenue for the quarter was down 24.6% on a year-over-year basis. On average, analysts anticipate that Powell Industries will post $1.41 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Stockholders of record on Wednesday, August 17th were given a dividend of $0.26 per share. The ex-dividend date was Monday, August 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.68%. Powell Industries’s dividend payout ratio is 73.24%.
In other news, Director Christopher E. Cragg sold 1,000 shares of Powell Industries stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $38.15, for a total transaction of $38,150.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 25.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Numeric Investors LLC boosted its position in shares of Powell Industries by 2,493.3% in the second quarter. Numeric Investors LLC now owns 243,772 shares of the company’s stock worth $9,590,000 after buying an additional 234,372 shares in the last quarter. First Houston Capital Inc. purchased a new position in shares of Powell Industries during the second quarter worth $4,642,000. JPMorgan Chase & Co. boosted its position in shares of Powell Industries by 164,985.1% in the second quarter. JPMorgan Chase & Co. now owns 77,590 shares of the company’s stock worth $3,053,000 after buying an additional 77,543 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Powell Industries by 60.4% in the first quarter. Renaissance Technologies LLC now owns 150,800 shares of the company’s stock worth $4,495,000 after buying an additional 56,800 shares in the last quarter. Finally, Granite Investment Partners LLC purchased a new position in shares of Powell Industries during the first quarter worth $1,407,000. 63.52% of the stock is currently owned by institutional investors.
About Powell Industries
Powell Industries, Inc develops, designs, manufactures and services custom-engineered equipment and systems. The Company manufactures systems for the distribution, control and monitoring of electrical energy designed to distribute, control and monitor the flow of electrical energy and provide protection to motors, transformers and other electrically powered equipment.
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