Fintel reports that on December 11, 2024, Roth MKM initiated coverage of Powell Industries (NasdaqGS:POWL) with a Buy recommendation.
Analyst Price Forecast Suggests 11.97% Downside
As of December 3, 2024, the average one-year price target for Powell Industries is $219.91/share. The forecasts range from a low of $210.28 to a high of $234.15. The average price target represents a decrease of 11.97% from its latest reported closing price of $249.81 / share.
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The projected annual revenue for Powell Industries is 612MM, a decrease of 39.53%. The projected annual non-GAAP EPS is 1.66.
What is the Fund Sentiment?
There are 655 funds or institutions reporting positions in Powell Industries. This is an increase of 90 owner(s) or 15.93% in the last quarter. Average portfolio weight of all funds dedicated to POWL is 0.21%, an increase of 15.60%. Total shares owned by institutions increased in the last three months by 3.70% to 13,591K shares. 
The put/call ratio of POWL is 0.88, indicating a bullish outlook.
What are Other Shareholders Doing?
Transform Wealth holds 1,674K shares representing 13.93% ownership of the company. In its prior filing, the firm reported owning 1,674K shares , representing a decrease of 0.02%. The firm increased its portfolio allocation in POWL by 36.61% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 594K shares representing 4.94% ownership of the company. In its prior filing, the firm reported owning 597K shares , representing a decrease of 0.47%. The firm increased its portfolio allocation in POWL by 38.28% over the last quarter.
CALF - Pacer US Small Cap Cash Cows 100 ETF holds 465K shares representing 3.87% ownership of the company. In its prior filing, the firm reported owning 647K shares , representing a decrease of 39.17%. The firm decreased its portfolio allocation in POWL by 12.90% over the last quarter.
Pacer Advisors holds 386K shares representing 3.21% ownership of the company. In its prior filing, the firm reported owning 471K shares , representing a decrease of 22.15%. The firm increased its portfolio allocation in POWL by 18.21% over the last quarter.
Renaissance Technologies holds 336K shares representing 2.80% ownership of the company. In its prior filing, the firm reported owning 414K shares , representing a decrease of 23.04%. The firm increased its portfolio allocation in POWL by 11.55% over the last quarter.
Powell Industries Background Information
(This description is provided by the company.)
Powell Industries, Inc., headquartered in Houston, designs, manufactures and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy. Powell markets include large industrial customers such as utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations and commuter railways.
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