Powell Industries (NASDAQ:POWL) Downgraded to “Sell” at BidaskClub

Powell Industries (NASDAQ:POWL) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday, BidAskClub reports.

Separately, CJS Securities raised Powell Industries from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 9th.

Shares of Powell Industries stock opened at $36.47 on Friday. The company’s 50 day moving average price is $36.48. Powell Industries has a 12 month low of $22.55 and a 12 month high of $41.42. The company has a market capitalization of $421.34 million, a price-to-earnings ratio of 607.83 and a beta of 1.24.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.33. Powell Industries had a return on equity of 0.24% and a net margin of 0.02%. The company had revenue of $123.70 million during the quarter, compared to analyst estimates of $100.15 million. During the same period in the prior year, the company earned ($0.29) earnings per share. The firm’s revenue was up 21.9% on a year-over-year basis.

A number of hedge funds have recently modified their holdings of the business. Citigroup Inc. raised its position in Powell Industries by 6.3% during the fourth quarter. Citigroup Inc. now owns 5,852 shares of the industrial products company’s stock valued at $146,000 after purchasing an additional 349 shares during the period. Principal Financial Group Inc. raised its position in Powell Industries by 0.5% during the fourth quarter. Principal Financial Group Inc. now owns 70,770 shares of the industrial products company’s stock valued at $1,770,000 after purchasing an additional 383 shares during the period. California Public Employees Retirement System raised its position in Powell Industries by 1.3% during the fourth quarter. California Public Employees Retirement System now owns 31,731 shares of the industrial products company’s stock valued at $794,000 after purchasing an additional 404 shares during the period. BNP Paribas Arbitrage SA raised its position in Powell Industries by 346.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,851 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 1,436 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in Powell Industries during the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 64.36% 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 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.

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