Powell Industries, Inc. (NASDAQ:POWL) Given $38.00 Consensus Target Price by Brokerages
Powell Industries, Inc. (NASDAQ:POWL) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Analysts have set a 1 year consensus price objective of $38.00 for the company, according to Zacks. Zacks has also assigned Powell Industries an industry rank of 214 out of 256 based on the ratings given to its competitors.
Separately, BidaskClub raised Powell Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 14th.
Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.24. The company had revenue of $135.60 million during the quarter, compared to analyst estimates of $132.31 million. Powell Industries had a return on equity of 1.87% and a net margin of 0.97%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 earnings per share.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 21st were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Tuesday, August 20th.
In other Powell Industries news, Director Bonnie V. Hancock sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $37.89, for a total transaction of $75,780.00. Following the completion of the sale, the director now owns 17,300 shares in the company, valued at approximately $655,497. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 23.90% of the company’s stock.
Several hedge funds have recently made changes to their positions in POWL. BlackRock Inc. lifted its position in Powell Industries by 2.7% during the 2nd quarter. BlackRock Inc. now owns 1,317,808 shares of the industrial products company’s stock worth $50,078,000 after buying an additional 34,655 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Powell Industries by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 956,575 shares of the industrial products company’s stock valued at $23,924,000 after acquiring an additional 4,396 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Powell Industries by 0.5% during the second quarter. Vanguard Group Inc. now owns 609,668 shares of the industrial products company’s stock valued at $23,168,000 after acquiring an additional 3,303 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Powell Industries by 13.1% during the second quarter. Renaissance Technologies LLC now owns 464,334 shares of the industrial products company’s stock valued at $17,645,000 after acquiring an additional 53,734 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Powell Industries by 11.8% during the second quarter. Bank of New York Mellon Corp now owns 162,717 shares of the industrial products company’s stock valued at $6,183,000 after acquiring an additional 17,155 shares during the last quarter. 65.06% of the stock is owned by institutional investors.
Powell Industries Company Profile
Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy. 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, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.
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