Powell Industries (NASDAQ:POWL - Get Free Report)'s stock had its "buy (b-)" rating reissued by investment analysts at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.
Powell Industries Price Performance
POWL opened at $364.99 on Friday. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 1.75 and a beta of 0.82. Powell Industries has a 1-year low of $146.02 and a 1-year high of $367.48. The business has a 50 day moving average price of $295.27 and a two-hundred day moving average price of $232.73.
Powell Industries (NASDAQ:POWL - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $3.96 earnings per share for the quarter, topping analysts' consensus estimates of $3.73 by $0.23. The firm had revenue of $286.27 million during the quarter, compared to the consensus estimate of $301.69 million. Powell Industries had a return on equity of 33.16% and a net margin of 16.22%.The firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.79 earnings per share. Equities analysts expect that Powell Industries will post 13.71 EPS for the current fiscal year.
Insider Buying and Selling
In other Powell Industries news, Director John Birchall sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $260.03, for a total value of $780,090.00. Following the completion of the sale, the director directly owned 6,700 shares in the company, valued at $1,742,201. This represents a 30.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael William Metcalf sold 3,200 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $298.74, for a total value of $955,968.00. Following the completion of the sale, the executive vice president owned 25,700 shares of the company's stock, valued at $7,677,618. This trade represents a 11.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company's stock.
Institutional Investors Weigh In On Powell Industries
Institutional investors and hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group lifted its position in shares of Powell Industries by 168.8% during the 1st quarter. Brooklyn Investment Group now owns 172 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 108 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Powell Industries during the 2nd quarter valued at $33,000. State of Wyoming acquired a new stake in shares of Powell Industries during the 2nd quarter valued at $33,000. Harbour Investments Inc. lifted its position in shares of Powell Industries by 1,970.0% during the 1st quarter. Harbour Investments Inc. now owns 207 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 197 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its position in shares of Powell Industries by 42.9% during the 2nd quarter. Manchester Capital Management LLC now owns 200 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 60 shares during the last quarter. Institutional investors and hedge funds own 89.77% of the company's stock.
About Powell Industries
(
Get Free Report)
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.
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