Powell Industries (NASDAQ:POWL) Stock Rating Lowered by StockNews.com

Powell Industries (NASDAQ:POWL) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Other equities research analysts have also issued research reports about the stock. Roth Capital upgraded shares of Powell Industries to a “strong-buy” rating in a report on Tuesday, December 10th. Roth Mkm started coverage on shares of Powell Industries in a research note on Wednesday, December 11th. They set a “buy” rating and a $312.00 price target for the company.

Powell Industries Trading Down 5.4 %

Powell Industries stock opened at $237.12 on Monday. The firm has a market capitalization of $2.85 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.31 and a beta of 0.88. Powell Industries has a 12-month low of $76.29 and a 12-month high of $364.98. The firm has a 50-day moving average price of $269.15 and a 200-day moving average price of $213.70.

Insider Buying and Selling

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 transaction, the insider now directly owns 677,265 shares of the company’s stock, valued at $235,512,131.10. The trade was a 0.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Powell Industries

A number of hedge funds have recently added to or reduced their stakes in POWL. Cumberland Partners Ltd acquired a new position in shares of Powell Industries in the third quarter worth about $555,000. Loomis Sayles & Co. L P acquired a new position in Powell Industries in the 3rd quarter worth about $7,225,000. Victory Capital Management Inc. raised its holdings in Powell Industries by 1,119.3% in the 3rd quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company’s stock worth $21,886,000 after purchasing an additional 90,504 shares during the period. Great Valley Advisor Group Inc. boosted its position in Powell Industries by 34.8% during the third quarter. Great Valley Advisor Group Inc. now owns 10,947 shares of the industrial products company’s stock worth $2,430,000 after purchasing an additional 2,827 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Powell Industries by 5.7% in the third quarter. Principal Financial Group Inc. now owns 51,507 shares of the industrial products company’s stock valued at $11,434,000 after purchasing an additional 2,793 shares during the period. 89.77% of the stock is owned by hedge funds and other institutional investors.

About Powell Industries

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.