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

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

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

Powell Industries Trading Down 6.1 %

Powell Industries stock opened at $177.25 on Friday. The firm has a 50-day moving average of $236.27 and a 200-day moving average of $234.39. The firm has a market cap of $2.14 billion, a P/E ratio of 13.46, a P/E/G ratio of 0.98 and a beta of 0.87. Powell Industries has a 1-year low of $122.00 and a 1-year high of $364.98.

Powell Industries (NASDAQ:POWL) last posted its earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.03. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. Research analysts forecast that Powell Industries will post 13.71 earnings per share for the current fiscal year.

Institutional Trading of Powell Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Powell Industries by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 688,058 shares of the industrial products company’s stock valued at $152,508,000 after purchasing an additional 24,997 shares in the last quarter. State Street Corp increased its stake in shares of Powell Industries by 0.9% during the third quarter. State Street Corp now owns 362,717 shares of the industrial products company’s stock valued at $80,520,000 after purchasing an additional 3,403 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Powell Industries by 8.3% during the fourth quarter. American Century Companies Inc. now owns 351,750 shares of the industrial products company’s stock valued at $77,965,000 after purchasing an additional 27,029 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Powell Industries by 5.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 297,868 shares of the industrial products company’s stock valued at $66,023,000 after purchasing an additional 16,002 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Powell Industries by 134.0% during the fourth quarter. Invesco Ltd. now owns 265,139 shares of the industrial products company’s stock valued at $58,768,000 after purchasing an additional 151,850 shares in the last quarter. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

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.