Powell Industries (NASDAQ:POWL) Earns Buy Rating from Analysts at Roth Mkm

Stock analysts at Roth Mkm started coverage on shares of Powell Industries (NASDAQ:POWL) in a report issued on Wednesday,Benzinga reports. The brokerage set a “buy” rating and a $312.00 price target on the industrial products company’s stock. Roth Mkm’s target price suggests a potential upside of 24.89% from the stock’s current price.

Separately, StockNews.com raised shares of Powell Industries from a “hold” rating to a “buy” rating in a research note on Tuesday.

Powell Industries Stock Down 3.1 %

NASDAQ POWL opened at $249.81 on Wednesday. Powell Industries has a 52 week low of $76.29 and a 52 week high of $364.98. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 1.42 and a beta of 0.85. The company has a fifty day moving average of $276.51 and a two-hundred day moving average of $204.37.

Insiders Place Their Bets

In other news, major shareholder Thomas W. Powell sold 5,000 shares of Powell Industries stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $347.74, for a total transaction of $1,738,700.00. Following the completion of the sale, the insider now owns 677,265 shares of the company’s stock, valued at approximately $235,512,131.10. The trade was a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 60,000 shares of company stock worth $14,679,842 over the last quarter. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Covestor Ltd lifted its holdings in shares of Powell Industries by 21.8% in the 3rd quarter. Covestor Ltd now owns 229 shares of the industrial products company’s stock worth $51,000 after buying an additional 41 shares during the period. Chartwell Investment Partners LLC raised its holdings in shares of Powell Industries by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 7,711 shares of the industrial products company’s stock valued at $1,712,000 after acquiring an additional 60 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Powell Industries by 110.5% in the third quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 105 shares during the period. Diversified Trust Co grew its holdings in Powell Industries by 7.1% during the 3rd quarter. Diversified Trust Co now owns 1,733 shares of the industrial products company’s stock worth $385,000 after acquiring an additional 115 shares in the last quarter. Finally, KBC Group NV grew its holdings in Powell Industries by 64.3% during the 3rd quarter. KBC Group NV now owns 322 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 126 shares in the last quarter. Institutional investors own 89.77% of the company’s stock.

Powell Industries Company Profile

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.