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

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

POWL has been the subject of a number of other research reports. Roth Capital upgraded Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th. Roth Mkm began coverage on Powell Industries in a research report on Wednesday, December 11th. They set a “buy” rating and a $312.00 price objective for the company.

Powell Industries Stock Up 2.3 %

Shares of Powell Industries stock opened at $167.23 on Tuesday. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 0.98 and a beta of 0.84. The business has a 50-day moving average price of $217.93 and a 200-day moving average price of $233.96. Powell Industries has a twelve month low of $122.00 and a twelve month high of $364.98.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.03. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. On average, equities analysts expect that Powell Industries will post 13.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in POWL. Invesco Ltd. grew its position in Powell Industries by 134.0% in the fourth quarter. Invesco Ltd. now owns 265,139 shares of the industrial products company’s stock worth $58,768,000 after acquiring an additional 151,850 shares in the last quarter. Wellington Management Group LLP purchased a new position in Powell Industries in the third quarter worth about $30,038,000. Raymond James Financial Inc. purchased a new position in Powell Industries in the fourth quarter worth about $22,556,000. Victory Capital Management Inc. grew its position in Powell Industries by 1,119.3% in the third quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company’s stock worth $21,886,000 after acquiring an additional 90,504 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Powell Industries by 795.9% in the fourth quarter. BNP Paribas Financial Markets now owns 81,819 shares of the industrial products company’s stock worth $18,135,000 after acquiring an additional 72,686 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.