Powell Industries, Inc. (NASDAQ:POWL) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 272,500 shares, an increase of 5.6% from the January 15th total of 258,000 shares. Based on an average daily trading volume, of 78,400 shares, the days-to-cover ratio is presently 3.5 days. Approximately 3.1% of the company’s shares are sold short.

Shares of POWL stock opened at $36.53 on Friday. The company has a 50-day moving average of $44.54 and a two-hundred day moving average of $41.15. Powell Industries has a 1-year low of $26.21 and a 1-year high of $50.81. The firm has a market cap of $430.02 million, a PE ratio of 28.09 and a beta of 1.22.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.08). Powell Industries had a net margin of 2.83% and a return on equity of 5.17%. The business had revenue of $134.15 million during the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 19th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Tuesday, February 18th.

Several brokerages have weighed in on POWL. TheStreet raised shares of Powell Industries from a “c+” rating to a “b-” rating in a research note on Monday, November 4th. ValuEngine raised shares of Powell Industries from a “sell” rating to a “hold” rating in a research note on Saturday. BidaskClub lowered shares of Powell Industries from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 25th. Finally, Sidoti lowered shares of Powell Industries from a “buy” rating to a “neutral” rating and increased their target price for the stock from $45.00 to $47.00 in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $47.00.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Powell Industries by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 69,585 shares of the industrial products company’s stock valued at $3,409,000 after purchasing an additional 248 shares during the period. New York State Teachers Retirement System boosted its stake in shares of Powell Industries by 4.5% in the fourth quarter. New York State Teachers Retirement System now owns 6,606 shares of the industrial products company’s stock valued at $324,000 after purchasing an additional 282 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Powell Industries by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 63,656 shares of the industrial products company’s stock valued at $3,119,000 after purchasing an additional 317 shares during the period. State of Tennessee Treasury Department boosted its stake in shares of Powell Industries by 8.5% in the third quarter. State of Tennessee Treasury Department now owns 4,108 shares of the industrial products company’s stock valued at $161,000 after purchasing an additional 323 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Powell Industries by 1,836.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,181 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 1,120 shares during the period. 66.36% of the stock is owned by institutional investors and hedge funds.

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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