Shares of Powell Industries Inc. (NASDAQ:POWL) have received an average broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.
Analysts have set a twelve-month consensus price target of $39.00 for the company and are forecasting that the company will post $0.03 earnings per share for the current quarter, according to Zacks. Zacks has also given Powell Industries an industry rank of 190 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of Powell Industries from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Thursday, October 20th.
In other news, Director Christopher E. Cragg sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $38.15, for a total transaction of $38,150.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 25.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in POWL. Cornerstone Capital Management Holdings LLC. raised its stake in Powell Industries by 69.4% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 87,876 shares of the company’s stock valued at $3,518,000 after buying an additional 36,000 shares in the last quarter. Credit Suisse AG raised its stake in Powell Industries by 2.0% in the third quarter. Credit Suisse AG now owns 9,451 shares of the company’s stock valued at $378,000 after buying an additional 182 shares in the last quarter. Panagora Asset Management Inc. acquired a new stake in Powell Industries during the third quarter valued at approximately $151,000. D. E. Shaw & Co. Inc. raised its stake in Powell Industries by 34.1% in the third quarter. D. E. Shaw & Co. Inc. now owns 16,676 shares of the company’s stock valued at $668,000 after buying an additional 4,238 shares in the last quarter. Finally, Gotham Asset Management LLC acquired a new stake in Powell Industries during the third quarter valued at approximately $202,000. Institutional investors and hedge funds own 62.62% of the company’s stock.
Powell Industries (NASDAQ:POWL) traded down 0.18% during midday trading on Friday, reaching $43.90. 4,813 shares of the company traded hands. The company’s 50-day moving average price is $38.67 and its 200 day moving average price is $37.76. Powell Industries has a 12 month low of $23.00 and a 12 month high of $44.96. The firm has a market capitalization of $500.15 million, a PE ratio of 31.07 and a beta of 0.64.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Wednesday, November 16th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.36%. Powell Industries’s dividend payout ratio (DPR) is presently 73.24%.
Powell Industries Company Profile
Powell Industries, Inc develops, designs, manufactures and services custom-engineered equipment and systems. The Company manufactures systems for the distribution, control and monitoring of electrical energy designed to distribute, control and monitor the flow of electrical energy and provide protection to motors, transformers and other electrically powered equipment.