Powell Industries (NASDAQ:POWL – Get Free Report)‘s stock had its “neutral” rating reiterated by Cantor Fitzgerald in a report issued on Thursday, MarketBeat.com reports. They presently have a $235.00 price objective on the industrial products company’s stock. Cantor Fitzgerald’s price target points to a potential upside of 27.62% from the stock’s current price.
Several other equities analysts have also recently commented on POWL. Glj Research raised shares of Powell Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Weiss Ratings lowered Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $215.42.
View Our Latest Stock Report on POWL
Powell Industries Trading Down 0.2%
Powell Industries (NASDAQ:POWL – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The industrial products company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.07). The company had revenue of $311.74 million for the quarter, compared to the consensus estimate of $316.70 million. Powell Industries had a net margin of 16.49% and a return on equity of 27.51%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.96 earnings per share. On average, research analysts predict that Powell Industries will post 5.36 EPS for the current year.
Insider Buying and Selling
In other Powell Industries news, CEO Brett Cope sold 4,440 shares of Powell Industries stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $241.55, for a total value of $1,072,482.00. Following the completion of the transaction, the chief executive officer directly owned 517,233 shares in the company, valued at $124,937,631.15. The trade was a 0.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.20% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. USA Financial Formulas bought a new position in Powell Industries during the 1st quarter worth $43,000. Hollencrest Capital Management acquired a new position in shares of Powell Industries during the first quarter valued at $54,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Powell Industries by 183.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 105 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 68 shares during the period. Allworth Financial LP bought a new position in shares of Powell Industries during the second quarter worth about $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Powell Industries during the second quarter worth about $34,000. Institutional investors and hedge funds own 89.77% of the company’s stock.
Powell Industries Company Profile
Powell Industries, Inc designs, manufactures and services equipment used to control, monitor and distribute electrical power. Its products include medium-voltage and low-voltage switchgear, motor control centers, electrical control panels, power-control rooms, bus systems and related protection and control equipment. The company also provides engineered electrical systems, field services, equipment modernization, installation support and commissioning services.
Powell serves customers in industries that require reliable and specialized electrical infrastructure, including oil and gas, petrochemical and chemical processing, utilities, mining, transportation, commercial facilities and renewable energy.
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