Powell Industries (NASDAQ:POWL) Upgraded by StockNews.com to “Strong-Buy”

Powell Industries (NASDAQ:POWL – Get Rating) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Friday.

Separately, TheStreet upgraded Powell Industries from a “c+” rating to a “b-” rating in a research note on Wednesday, May 3rd.

Powell Industries Stock Performance

Shares of POWL opened at $52.58 on Friday. Powell Industries has a 52 week low of $20.17 and a 52 week high of $52.91. The stock has a market capitalization of $623.60 million, a price-to-earnings ratio of 22.96 and a beta of 0.96. The stock has a fifty day moving average of $42.74 and a 200-day moving average of $37.54.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Heartland Advisors Inc. increased its holdings in Powell Industries by 8.3% in the third quarter. Heartland Advisors Inc. now owns 472,044 shares of the industrial products company’s stock valued at $9,951,000 after purchasing an additional 36,136 shares during the period. State Board of Administration of Florida Retirement System bought a new stake in Powell Industries in the fourth quarter valued at approximately $217,000. Texas Permanent School Fund bought a new stake in Powell Industries in the fourth quarter valued at approximately $215,000. Great West Life Assurance Co. Can boosted its holdings in Powell Industries by 20.3% in the third quarter. Great West Life Assurance Co. Can now owns 9,743 shares of the industrial products company’s stock valued at $204,000 after acquiring an additional 1,645 shares during the last quarter. Finally, Comerica Bank bought a new stake in Powell Industries in the fourth quarter valued at approximately $204,000. Institutional investors own 62.12% of the company’s stock.

Powell Industries Company Profile

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Powell Industries, Inc engages in the development, design, manufacture and provision of services of custom-engineered products and systems. Its products include integrated power control room substation, custom-engineered modules, electrical houses, traditional and arc-resistant distribution switch gear and control gear, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers and bus duct systems.