Venture Visionary Partners LLC Buys 5,230 Shares of Powell Industries, Inc. $POWL

Venture Visionary Partners LLC grew its position in Powell Industries, Inc. (NASDAQ:POWL) by 6.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,477 shares of the industrial products company’s stock after buying an additional 5,230 shares during the quarter. Venture Visionary Partners LLC’s holdings in Powell Industries were worth $15,215,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Powell Industries during the second quarter valued at approximately $1,033,376,000. Voss Capital LP boosted its stake in Powell Industries by 18.6% in the 4th quarter. Voss Capital LP now owns 350,000 shares of the industrial products company’s stock worth $111,573,000 after purchasing an additional 55,000 shares during the period. Jupiter Topco LLC purchased a new position in Powell Industries during the 2nd quarter worth approximately $93,845,000. Tidal Investments LLC grew its position in Powell Industries by 222.3% during the 2nd quarter. Tidal Investments LLC now owns 282,483 shares of the industrial products company’s stock worth $80,892,000 after purchasing an additional 194,840 shares in the last quarter. Finally, Tema ETFs LLC raised its stake in Powell Industries by 217.3% during the 2nd quarter. Tema ETFs LLC now owns 268,692 shares of the industrial products company’s stock valued at $76,943,000 after purchasing an additional 184,010 shares during the period. 89.77% of the stock is owned by hedge funds and other institutional investors.

Powell Industries Price Performance

POWL traded down $6.95 on Wednesday, reaching $197.74. 546,063 shares of the company traded hands, compared to its average volume of 719,878. The company has a market cap of $7.20 billion, a price-to-earnings ratio of 37.95, a PEG ratio of 2.06 and a beta of 1.17. The stock’s 50 day moving average price is $192.61 and its 200-day moving average price is $232.40. Powell Industries, Inc. has a 52-week low of $92.59 and a 52-week high of $328.00.

Powell Industries (NASDAQ:POWL) last issued its earnings results on Monday, August 3rd. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.07). Powell Industries had a net margin of 16.49% and a return on equity of 27.51%. The company had revenue of $311.74 million for the quarter, compared to analyst estimates of $316.70 million. During the same period last year, the business earned $3.96 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, equities research analysts forecast that Powell Industries, Inc. will post 5.36 earnings per share for the current fiscal year.

Powell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th were paid a $0.09 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.36 dividend on an annualized basis and a yield of 0.2%. Powell Industries’s payout ratio is 6.91%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Glj Research upgraded Powell Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Cantor Fitzgerald reiterated a “neutral” rating and set a $235.00 price target on shares of Powell Industries in a report on Thursday, October 1st. Finally, Weiss Ratings lowered Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $215.42.

Insider Transactions at Powell Industries

In other Powell Industries news, VP Marshall Jr sold 301 shares of the company’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $187.67, for a total value of $56,488.67. Following the transaction, the vice president directly owned 10,552 shares of the company’s stock, valued at $1,980,293.84. This represents a 2.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brett Cope sold 4,799 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $187.67, for a total value of $900,628.33. Following the sale, the chief executive officer directly owned 507,934 shares of the company’s stock, valued at $95,323,973.78. This trade represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 9,540 shares of company stock worth $2,029,599 in the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Powell Industries Company Profile

Powell Industries, Inc designs, manufactures and services equipment used to control, monitor and distribute electrical power. Its products include medium-voltage and low-voltage switchgear, motor control centers, electrical control panels, power-control rooms, bus systems and related protection and control equipment. The company also provides engineered electrical systems, field services, equipment modernization, installation support and commissioning services.

Powell serves customers in industries that require reliable and specialized electrical infrastructure, including oil and gas, petrochemical and chemical processing, utilities, mining, transportation, commercial facilities and renewable energy.