Powell Industries (NASDAQ:POWL) Rating Increased to Buy at StockNews.com

Powell Industries (NASDAQ:POWL) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Other analysts have also recently issued reports about the stock. Roth Capital upgraded shares of Powell Industries to a “strong-buy” rating in a research note on Tuesday, December 10th. Roth Mkm began coverage on shares of Powell Industries in a research report on Wednesday, December 11th. They set a “buy” rating and a $312.00 price objective on the stock.

Powell Industries Stock Performance

NASDAQ POWL traded down $16.01 on Friday, hitting $228.83. The stock had a trading volume of 874,293 shares, compared to its average volume of 511,253. Powell Industries has a 52-week low of $122.00 and a 52-week high of $364.98. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 1.25 and a beta of 0.87. The firm has a 50-day moving average of $249.01 and a 200-day moving average of $229.88.

Powell Industries (NASDAQ:POWL) last posted its earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.03. Powell Industries had a net margin of 14.80% and a return on equity of 35.68%. As a group, research analysts anticipate that Powell Industries will post 13.7 earnings per share for the current fiscal year.

Institutional Trading of Powell Industries

Institutional investors and hedge funds have recently made changes to their positions in the stock. Independent Advisor Alliance raised its position in Powell Industries by 20.6% in the 4th quarter. Independent Advisor Alliance now owns 20,042 shares of the industrial products company’s stock worth $4,442,000 after purchasing an additional 3,421 shares during the period. Amundi purchased a new position in Powell Industries in the 4th quarter worth $1,001,000. PNC Financial Services Group Inc. raised its position in Powell Industries by 10.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 979 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 90 shares during the period. Raymond James Financial Inc. purchased a new position in Powell Industries in the 4th quarter worth $22,556,000. Finally, Proficio Capital Partners LLC purchased a new position in Powell Industries in the 4th quarter worth $3,095,000. Hedge funds and other 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.