Tema Etfs LLC Has $16.21 Million Stake in Powell Industries, Inc. $POWL

Tema Etfs LLC raised its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL) by 281.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,170 shares of the industrial products company’s stock after acquiring an additional 39,238 shares during the quarter. Powell Industries comprises approximately 1.3% of Tema Etfs LLC’s portfolio, making the stock its 7th biggest holding. Tema Etfs LLC’s holdings in Powell Industries were worth $16,207,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in POWL. Elevation Point Wealth Partners LLC bought a new position in shares of Powell Industries in the second quarter worth $33,000. State of Wyoming bought a new stake in shares of Powell Industries during the 2nd quarter valued at $33,000. Manchester Capital Management LLC lifted its holdings in Powell Industries by 42.9% during the 2nd quarter. Manchester Capital Management LLC now owns 200 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 60 shares in the last quarter. Virtus Advisers LLC bought a new position in Powell Industries in the 2nd quarter worth about $46,000. Finally, Morgan Dempsey Capital Management LLC bought a new position in Powell Industries in the 2nd quarter worth about $52,000. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Insider Activity

In related news, VP William Marshall Mauney, Jr. sold 3,000 shares of the company’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $331.73, for a total value of $995,190.00. Following the completion of the transaction, the vice president directly owned 4,451 shares in the company, valued at approximately $1,476,530.23. The trade was a 40.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Powell Industries Trading Up 1.6%

Shares of POWL opened at $365.49 on Monday. Powell Industries, Inc. has a 12-month low of $146.02 and a 12-month high of $413.00. The company has a market cap of $4.44 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 1.71 and a beta of 0.86. The stock has a 50-day moving average price of $338.30 and a 200-day moving average price of $296.33.

Powell Industries (NASDAQ:POWL) last announced its earnings results on Tuesday, November 18th. The industrial products company reported $4.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.76 by $0.46. Powell Industries had a net margin of 16.37% and a return on equity of 31.80%. The business had revenue of $297.98 million for the quarter, compared to the consensus estimate of $292.85 million. During the same period last year, the firm posted $3.77 earnings per share. Powell Industries’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, analysts predict that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th were given a dividend of $0.2675 per share. The ex-dividend date was Wednesday, November 19th. This represents a $1.07 annualized dividend and a dividend yield of 0.3%. Powell Industries’s dividend payout ratio (DPR) is 7.21%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on POWL. Weiss Ratings reissued a “buy (b-)” rating on shares of Powell Industries in a report on Monday, December 29th. Roth Capital reaffirmed a “buy” rating and set a $350.00 target price on shares of Powell Industries in a report on Wednesday, November 19th. Finally, Wall Street Zen upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a research note on Sunday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $350.00.

About Powell Industries

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.

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.