Powell Industries (POWL) Raised to Outperform at CJS Securities

CJS Securities upgraded shares of Powell Industries (NASDAQ:POWL) from a market perform rating to an outperform rating in a report published on Thursday, Briefing.com Automated Import reports.

Separately, BidaskClub raised Powell Industries from a strong sell rating to a sell rating in a report on Wednesday, May 8th.

Shares of NASDAQ:POWL opened at $35.48 on Thursday. The company has a market cap of $423.17 million, a P/E ratio of 571.67 and a beta of 1.54. Powell Industries has a 1 year low of $22.55 and a 1 year high of $41.42.

Powell Industries (NASDAQ:POWL) last issued its earnings results on Tuesday, May 7th. The industrial products company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.33. The firm had revenue of $123.70 million for the quarter, compared to the consensus estimate of $100.15 million. Powell Industries had a return on equity of 0.24% and a net margin of 0.02%. The company’s revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.29) EPS.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.93%. The ex-dividend date is Tuesday, May 21st.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in Powell Industries by 0.3% during the 1st quarter. BlackRock Inc. now owns 1,283,153 shares of the industrial products company’s stock worth $34,066,000 after purchasing an additional 4,035 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Powell Industries by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 963,494 shares of the industrial products company’s stock worth $25,581,000 after purchasing an additional 6,919 shares in the last quarter. Deprince Race & Zollo Inc. raised its holdings in Powell Industries by 27.3% during the fourth quarter. Deprince Race & Zollo Inc. now owns 613,716 shares of the industrial products company’s stock worth $15,349,000 after purchasing an additional 131,548 shares in the last quarter. Vanguard Group Inc. raised its holdings in Powell Industries by 0.5% during the third quarter. Vanguard Group Inc. now owns 557,703 shares of the industrial products company’s stock worth $20,222,000 after purchasing an additional 2,637 shares in the last quarter. Finally, Vanguard Group Inc raised its holdings in Powell Industries by 0.5% during the third quarter. Vanguard Group Inc now owns 557,703 shares of the industrial products company’s stock worth $20,222,000 after purchasing an additional 2,637 shares in the last quarter. 59.35% of the stock is owned by institutional investors and hedge funds.

About Powell Industries

Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy. 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, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.

Recommended Story: How to Invest in an Index Fund

Receive News & Ratings for Powell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Powell Industries and related companies with MarketBeat.com's FREE daily email newsletter.