Powell Industries (NASDAQ:POWL) Lowered to “Hold” Rating by StockNews.com

StockNews.com cut shares of Powell Industries (NASDAQ:POWL) from a buy rating to a hold rating in a report released on Saturday.

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

Powell Industries Trading Down 0.4 %

Shares of NASDAQ POWL opened at $213.38 on Friday. The company has a fifty day moving average price of $241.44 and a 200 day moving average price of $233.93. The firm has a market cap of $2.57 billion, a PE ratio of 16.20, a PEG ratio of 1.28 and a beta of 0.87. Powell Industries has a 1-year low of $122.00 and a 1-year high of $364.98.

Powell Industries (NASDAQ:POWL) last released 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 36.66% and a net margin of 15.15%. Equities research analysts forecast that Powell Industries will post 13.7 EPS for the current year.

Powell Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th will be issued a $0.2675 dividend. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, February 19th. This represents a $1.07 annualized dividend and a dividend yield of 0.50%. Powell Industries’s dividend payout ratio (DPR) is presently 8.05%.

Hedge Funds Weigh In On Powell Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of POWL. Principal Securities Inc. bought a new position in Powell Industries during the fourth quarter worth about $26,000. Hollencrest Capital Management bought a new position in Powell Industries during the third quarter worth about $30,000. Quest Partners LLC bought a new position in Powell Industries during the third quarter worth about $35,000. Smartleaf Asset Management LLC grew its holdings in Powell Industries by 455.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 132 shares during the period. Finally, Blue Trust Inc. bought a new position in Powell Industries during the fourth quarter worth about $40,000. Institutional investors own 89.77% of the company’s stock.

About Powell Industries

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.