BidaskClub upgraded shares of Powell Industries (NASDAQ:POWL) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

Powell Industries (NASDAQ:POWL) opened at $29.03 on Tuesday. The company has a market cap of $332.42, a P/E ratio of -23.80 and a beta of 1.02. Powell Industries has a 1 year low of $22.80 and a 1 year high of $38.73.

Powell Industries (NASDAQ:POWL) last issued its earnings results on Tuesday, February 6th. The industrial products company reported ($0.49) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.33). The company had revenue of $90.18 million for the quarter, compared to analysts’ expectations of $103.34 million. Powell Industries had a negative return on equity of 4.35% and a negative net margin of 3.95%. The business’s revenue was down 18.2% compared to the same quarter last year. During the same period last year, the business posted ($0.03) earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, February 21st will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Tuesday, February 20th. Powell Industries’s dividend payout ratio (DPR) is presently -85.25%.

Several large investors have recently modified their holdings of POWL. Heartland Advisors Inc. increased its position in shares of Powell Industries by 49.6% during the fourth quarter. Heartland Advisors Inc. now owns 567,465 shares of the industrial products company’s stock worth $16,258,000 after acquiring an additional 188,080 shares during the period. Carnick & Kubik Group LLC purchased a new position in shares of Powell Industries during the fourth quarter worth approximately $4,851,000. Deprince Race & Zollo Inc. purchased a new position in shares of Powell Industries during the fourth quarter worth approximately $3,388,000. Van Den Berg Management I Inc. increased its holdings in Powell Industries by 95.7% during the third quarter. Van Den Berg Management I Inc. now owns 174,830 shares of the industrial products company’s stock valued at $5,243,000 after buying an additional 85,495 shares during the period. Finally, Boston Partners purchased a new position in Powell Industries during the fourth quarter valued at approximately $2,222,000. 65.15% of the stock is currently owned by institutional investors and hedge funds.

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Powell Industries Company Profile

Powell Industries, Inc develops design, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy designed to distribute, control and monitor the flow of electrical energy, and provide protection to motors, transformers and other electrically powered equipment.

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