Dimensional Fund Advisors LP recently announced the acquisition of new stake in Powell Industries Inc. (NASDAQ:POWL). The institutional investor has increased its shareholding in the Industrials company by 1.17% to 0.78 million shares with purchase of 9011.0 shares. This fresh investment now brings its stake to 6.61% valued currently at $27.51 million. In addition, The Vanguard Group, Inc. raised its holdings by 2395.0 to 0.61 million shares. And Heartland Advisors, Inc. has lifted its position by 8.29% or 36136.0 shares – to 0.47 million shares.
With over 0.24 million Powell Industries Inc. (POWL) shares trading Friday and a closing price of $38.87 on the day, the dollar volume was approximately $9.39 million. The shares have shown a positive half year performance of 60.35% and its price on 01/20/23 gained nearly 0.88%. Currently, there are 11.81M common shares owned by the public and among those 8.96M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for POWL have a consensus price objective of $30.50. The analysts have set the share’s price value over the next 12 months at a high of $33.00 and a low of $28.00. The average price target is -17.79% below its recent price level and a downside to the estimated low will see the stock lose -38.82% over that period. But a downside of -17.79% will see the stock hit the forecast high price target while median target price for the stock is $30.50.
Insiders at the company have transacted a total of 28 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 75,500 shares. Insider sales of the common stock occurred on 5 occasions, with total insider shares sold totaling 11,067 shares.
The top 3 mutual fund holders in Powell Industries Inc. are iShares Core S&P Small Cap ETF, Heartland Group Inc. – Value Plus, and Global X US Infrastructure Develo. iShares Core S&P Small Cap ETF owns 0.67 million shares of the company’s stock, all valued at over $23.61 million. The company sold 504.0 shares recently to bring their total holdings to about 5.68% of the shares outstanding. Global X US Infrastructure Develo now owns shares totaling to 3.40% of the shares outstanding.
Shares of Powell Industries Inc. (NASDAQ: POWL) opened at $38.85, up $0.32 from a prior closing price of $38.53. However, the script later moved the day high at 39.30, up 0.88%. The company’s stock has a 5-day price change of 0.44% and 78.88% over the past three months. POWL shares are trading 10.49% year to date (YTD), with the 12-month market performance up to 45.25% higher. It has a 12-month low price of $18.81 and touched a high of $39.53 over the same period. POWL has an average intraday trading volume of 67.34K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.68%, 20.77%, and 50.79% respectively.
Institutional ownership of Powell Industries Inc. (NASDAQ: POWL) shares accounts for 64.00% of the company’s 11.81M shares outstanding. Mutual fund holders own 27.22%, while other institutional holders and individual stakeholders account for 43.83% and 19.66% respectively.
It has a market capitalization of $455.95M and a beta (3y monthly) value of 1.01. The stock’s trailing 12-month PE ratio is 34.22, while the earnings-per-share (ttm) stands at $1.14. The company has a PEG of 3.42 and a Quick Ratio of 1.70 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.99% over the week and 3.44% over the month.
Analysts forecast that Powell Industries Inc. (POWL) will achieve an EPS of $0.18 for the current quarter, $0 for the next quarter and $0.68 for 2023. The lowest estimate earnings-per-share for the quarter is $0.18 while analysts give the company a high EPS estimate of $0.19. Comparatively, EPS for the current quarter was $0.28 a year ago. Earnings per share for the fiscal year are expected to decrease by -13.00%, and 18.00% over the next financial year. EPS should shrink at an annualized rate of 10.00% over the next five years, compared to 27.60% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Powell Industries Inc. (POWL) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 2 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
Sidoti coverage for the Powell Industries Inc. (POWL) stock in a research note released on March 29, 2022 offered a Buy rating with a price target of $26. Sidoti on their part issued Neutral rating on December 03, 2019.