<div id="readability-page-1"><p>Powell Industries, Inc. (NASDAQ:POWL - Get Free Report)'s stock price reached a new 52-week high on Monday after Cantor Fitzgerald raised their price target on the stock from $160.00 to $320.00. Cantor Fitzgerald currently has a neutral rating on the stock. Powell Industries traded as high as $326.59 and last traded at $326.51, with a volume of 252342 shares trading hands. The stock had previously closed at $309.39.</p><div><p><span></span><span>Get <strong>Powell Industries</strong> alerts:</span></p></div><ul><li>3 Small-Cap Leaders Poised for Significant Growth</li></ul><p>Several other research firms also recently issued reports on POWL. Weiss Ratings upgraded Powell Industries from a &#34;buy (b-)&#34; rating to a &#34;buy (b)&#34; rating in a research note on Friday. JPMorgan Chase &amp; Co. upped their price target on Powell Industries from $310.00 to $360.00 and gave the stock an &#34;overweight&#34; rating in a research note on Wednesday, May 6th. Texas Capital upgraded Powell Industries to a &#34;strong-buy&#34; rating in a research note on Friday, March 27th. Wall Street Zen cut Powell Industries from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Saturday, March 7th. Finally, Zacks Research raised Powell Industries from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research report on Tuesday, April 7th. Two research analysts have rated the stock with a Strong Buy rating, three have issued  a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company  has an average rating of &#34;Buy&#34; and a consensus target price of $236.67.</p><p><b>Check Out Our Latest Analysis on Powell Industries</b></p><h2>Insider Transactions at Powell Industries</h2><ul><li>3 Electrical Gear Makers: Hidden Gems Amid Growing Digitization</li></ul><p>In other Powell Industries news, EVP Michael William Metcalf sold 9,000 shares of the company's stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $176.00, for a total value of $1,584,000.00. Following the completion of the transaction, the executive vice president owned 83,400 shares of the company's stock, valued at $14,678,400. This represents a 9.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brett Alan Cope sold 4,440 shares of the company's stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $233.96, for a total value of $1,038,782.40. Following the completion of the transaction, the chief executive officer directly owned 164,851 shares of the company's stock, valued at approximately $38,568,539.96. This trade represents a 2.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 248,688 shares of company stock worth $44,535,053. Insiders own  2.20% of the company's stock. </p><h2>Hedge Funds Weigh In On Powell Industries</h2><p>Hedge funds have recently modified their holdings of the stock. Greenline Wealth Management LLC bought a new stake in  Powell Industries during the 4th quarter worth approximately $29,000.  Avanza Fonder AB bought a new stake in  Powell Industries during the 4th quarter worth approximately $30,000.  Hollencrest Capital Management bought a new stake in  Powell Industries during the 1st quarter worth approximately $54,000.  Steward Partners Investment Advisory LLC grew its position in  Powell Industries by 126.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 113 shares of the industrial products company's stock worth $36,000 after acquiring an additional 63 shares during the last quarter.  Finally, First Horizon Corp bought a new stake in  Powell Industries during the 4th quarter worth approximately $40,000. 89.77% of the stock is owned by institutional investors and hedge funds. </p><h2>Powell Industries Stock Performance</h2><p>The stock has a market capitalization of $11.88 billion, a P/E ratio of 63.85, a price-to-earnings-growth ratio of 4.01 and a beta of 1.14. The stock has a 50-day simple moving average of $206.99 and a 200 day simple moving average of $157.95. </p><p>Powell Industries (NASDAQ:POWL - Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The industrial products company reported $1.25 EPS for the quarter, missing analysts' consensus estimates of $1.34 by ($0.09). The firm had revenue of $296.62 million during the quarter, compared to the consensus estimate of $298.12 million. Powell Industries had a net margin of 16.51% and a return on equity of 28.61%. The firm's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.81 earnings per share.  Equities analysts predict that  Powell Industries, Inc. will post 5.51 earnings per share for the current year. </p><h2>Powell Industries Cuts Dividend</h2><p>The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, May 20th. Powell Industries's dividend payout ratio (DPR) is currently 7.05%. </p><h2>Powell Industries Company Profile</h2> (Get Free Report)<p>Powell Industries, Inc is an industrial electrical engineering company specializing in the design, manufacture and integration of customized power control and distribution solutions. The firm's offerings range from medium‐voltage switchgear and power control centers to bus duct, motor control centers and specialty transformers. Powell also provides automation systems, protective relaying, metering, supervisory control and data acquisition (SCADA) platforms, and turnkey engineering services to help clients manage critical power infrastructure.  </p><p>Serving the oil and gas, petrochemical, refining, utility, mining and industrial sectors, Powell's products are engineered to meet demanding performance, safety and reliability requirements.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Powell Industries</li><li>Before the Moon Base Gets Built, These 4 Companies Win</li><li>Industrial Buybacks: Top Homebuilding Supplier Leads Buyback Increases</li><li>3 Stocks That Win If Inflation Surprises to the Downside</li><li>MercadoLibre Boldly Invests in Growth: Discount Deepens</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Powell Industries Right Now?</h2><p>Before you consider Powell Industries, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Powell Industries wasn't on the list.</p><p>While Powell Industries currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

POWL

<p>Powell Industries (NASDAQ:POWL) reached a new 52-week high of $326.59 after Cantor Fitzgerald upgraded its price target from $160 to $320. The stock has received various ratings, with two analysts giving it a Strong Buy and three a Buy. Insider transactions included significant sales by executives. The company reported a quarterly EPS of $1.25, missing estimates, with a revenue of $296.62 million. Powell Industries has a market cap of $11.88 billion and a P/E ratio of 63.85.</p>

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Powell Industries (NASDAQ:POWL) Hits New 12-Month High After Analyst Upgrade