Powell Industries (NASDAQ:POWL) Upgraded by StockNews.com to Buy Rating

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

POWL has been the topic of several other research reports. Roth Capital raised shares of Powell Industries to a “strong-buy” rating in a research note on Tuesday, December 10th. Roth Mkm assumed coverage on shares of Powell Industries in a research report on Wednesday, December 11th. They set a “buy” rating and a $312.00 target price on the stock.

Powell Industries Trading Down 4.3 %

Powell Industries stock opened at $169.59 on Friday. The firm has a 50-day moving average price of $234.61 and a 200-day moving average price of $234.98. The firm has a market capitalization of $2.05 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 0.98 and a beta of 0.87. Powell Industries has a 12-month low of $122.00 and a 12-month 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 the consensus estimate of $2.83 by $0.03. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. As a group, sell-side analysts predict that Powell Industries will post 13.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Powell Industries by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 688,058 shares of the industrial products company’s stock worth $152,508,000 after buying an additional 24,997 shares during the last quarter. State Street Corp boosted its stake in Powell Industries by 0.9% in the 3rd quarter. State Street Corp now owns 362,717 shares of the industrial products company’s stock worth $80,520,000 after purchasing an additional 3,403 shares in the last quarter. American Century Companies Inc. boosted its stake in Powell Industries by 8.3% in the 4th quarter. American Century Companies Inc. now owns 351,750 shares of the industrial products company’s stock worth $77,965,000 after purchasing an additional 27,029 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Powell Industries by 5.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 297,868 shares of the industrial products company’s stock worth $66,023,000 after purchasing an additional 16,002 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Powell Industries by 134.0% in the 4th quarter. Invesco Ltd. now owns 265,139 shares of the industrial products company’s stock worth $58,768,000 after purchasing an additional 151,850 shares in the last quarter. 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.