Powell Industries, Inc. (NASDAQ:POWL) Stock Has Consensus Target Price of $187.92

Key Points

• Analyst sentiment is moderately positive: Seven analysts give Powell Industries a consensus “Moderate Buy” rating, with an average 12-month price target of $187.92.
• The stock has pulled back from its highs: Shares opened at $138.21, compared with a 12-month high of $328.00; the 50- and 200-day moving averages were $173.38 and $212.11, respectively.
• Institutional ownership is high, while insiders have recently sold shares: Institutions own 89.77% of the stock, and company insiders sold 5,800 shares worth about $1.07 million over the past three months.

Shares of Powell Industries, Inc. (NASDAQ:POWL - Get Free Report) have received an average rating of "Moderate Buy" from the seven analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $187.92.

Several research firms have recently weighed in on POWL. Cantor Fitzgerald reissued a "neutral" rating and issued a $235.00 price objective on shares of Powell Industries in a report on Thursday, October 1st. JPMorgan Chase & Co. cut their target price on shares of Powell Industries from $300.00 to $250.00 and set an "overweight" rating on the stock in a report on Tuesday, October 13th. Glj Research upgraded shares of Powell Industries from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings cut shares of Powell Industries from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, August 19th.

Insider Activity

In other news, VP Marshall Jr sold 301 shares of the stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $187.67, for a total transaction of $56,488.67. Following the completion of the sale, the vice president owned 10,552 shares in the company, valued at approximately $1,980,293.84. This represents a 2.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ping Ni sold 700 shares of the firm's stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $167.14, for a total value of $116,998.00. Following the transaction, the insider directly owned 5,339 shares in the company, valued at approximately $892,360.46. This represents a 11.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 5,800 shares of company stock valued at $1,074,115. Insiders own 2.20% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of POWL. BlackRock Inc. purchased a new stake in shares of Powell Industries during the second quarter worth approximately $1,033,376,000. Jupiter Topco LLC purchased a new position in Powell Industries in the 2nd quarter valued at $93,845,000. Aberdeen Group plc acquired a new position in Powell Industries in the 3rd quarter valued at $43,314,000. Bank of New York Mellon Corp acquired a new position in Powell Industries in the 2nd quarter valued at $60,389,000. Finally, Tidal Investments LLC raised its position in Powell Industries by 222.3% during the 2nd quarter. Tidal Investments LLC now owns 282,483 shares of the industrial products company's stock worth $80,892,000 after buying an additional 194,840 shares during the last quarter. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

Powell Industries Price Performance

Shares of NASDAQ:POWL opened at $138.21 on Wednesday. Powell Industries has a 12 month low of $92.59 and a 12 month high of $328.00. The firm has a market capitalization of $5.03 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.47 and a beta of 1.25. The company's fifty day moving average price is $173.38 and its 200 day moving average price is $212.11.

Powell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, November 18th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $0.36 dividend on an annualized basis and a yield of 0.3%. Powell Industries's payout ratio is currently 6.91%.

Powell Industries Company Profile

Powell Industries designs, manufactures and services custom-engineered electrical equipment and systems used to distribute, control and monitor electrical power. Its offerings include electrical switchgear, control rooms and integrated power-control systems for industrial and utility applications. The company serves customers in industries such as oil and gas, petrochemicals, utilities, mining and transportation. Its equipment is used in facilities including power plants, refineries and other energy and industrial sites, in North America and international markets.

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