Venture Visionary Partners LLC Acquires 28,478 Shares of Powell Industries, Inc. $POWL

Venture Visionary Partners LLC boosted its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 241.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,280 shares of the industrial products company’s stock after purchasing an additional 28,478 shares during the quarter. Venture Visionary Partners LLC owned about 0.33% of Powell Industries worth $12,278,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Osaic Holdings Inc. lifted its stake in shares of Powell Industries by 18.7% during the 2nd quarter. Osaic Holdings Inc. now owns 6,127 shares of the industrial products company’s stock worth $1,272,000 after buying an additional 965 shares during the last quarter. Orion Porfolio Solutions LLC lifted its position in Powell Industries by 12.0% during the second quarter. Orion Porfolio Solutions LLC now owns 17,199 shares of the industrial products company’s stock worth $3,619,000 after acquiring an additional 1,842 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Powell Industries by 15.3% during the second quarter. Thrivent Financial for Lutherans now owns 7,971 shares of the industrial products company’s stock worth $1,680,000 after acquiring an additional 1,059 shares during the period. Advisory Services Network LLC boosted its holdings in shares of Powell Industries by 61.8% during the second quarter. Advisory Services Network LLC now owns 6,372 shares of the industrial products company’s stock worth $1,341,000 after acquiring an additional 2,433 shares during the period. Finally, State of Wyoming acquired a new position in shares of Powell Industries in the second quarter valued at approximately $33,000. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Powell Industries Price Performance

Shares of NASDAQ POWL opened at $327.94 on Tuesday. The business has a fifty day moving average price of $339.90 and a two-hundred day moving average price of $275.40. The stock has a market capitalization of $3.96 billion, a PE ratio of 22.08, a P/E/G ratio of 1.58 and a beta of 0.87. Powell Industries, Inc. has a fifty-two week low of $146.02 and a fifty-two week high of $413.00.

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

Powell Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be given a $0.2675 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $1.07 annualized dividend and a dividend yield of 0.3%. Powell Industries’s payout ratio is presently 7.21%.

Insider Buying and Selling at Powell Industries

In related news, EVP Michael William Metcalf sold 3,200 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $298.74, for a total transaction of $955,968.00. Following the sale, the executive vice president owned 25,700 shares in the company, valued at approximately $7,677,618. This trade represents a 11.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

POWL has been the subject of several research reports. Wall Street Zen raised Powell Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Powell Industries in a research report on Monday, December 8th. Finally, Roth Capital reissued a “buy” rating and set a $350.00 target price on shares of Powell Industries in a report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $350.00.

About Powell Industries

Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems. The company’s principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.