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

Venture Visionary Partners LLC boosted its position in Powell Industries, Inc. (NASDAQ:POWL) by 6.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 82,477 shares of the industrial products company’s stock after purchasing an additional 5,230 shares during the quarter. Venture Visionary Partners LLC owned about 0.23% of Powell Industries worth $15,215,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Powell Industries in the second quarter valued at approximately $1,033,376,000. Voss Capital LP boosted its position in shares of Powell Industries by 18.6% during the fourth quarter. Voss Capital LP now owns 350,000 shares of the industrial products company’s stock worth $111,573,000 after buying an additional 55,000 shares during the period. Jupiter Topco LLC acquired a new position in shares of Powell Industries during the second quarter worth approximately $93,845,000. Tidal Investments LLC grew its holdings in Powell Industries by 222.3% in the 2nd quarter. Tidal Investments LLC now owns 282,483 shares of the industrial products company’s stock worth $80,892,000 after buying an additional 194,840 shares in the last quarter. Finally, Tema ETFs LLC increased its position in Powell Industries by 217.3% in the 2nd quarter. Tema ETFs LLC now owns 268,692 shares of the industrial products company’s stock valued at $76,943,000 after acquiring an additional 184,010 shares during the period. Institutional investors own 89.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on POWL shares. Weiss Ratings downgraded Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Cantor Fitzgerald reissued a “neutral” rating and set a $235.00 price target on shares of Powell Industries in a report on Thursday, October 1st. Finally, Glj Research raised shares of Powell Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Two research 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $215.42.

Powell Industries Stock Down 3.4%

POWL traded down $6.95 during trading on Wednesday, reaching $197.74. The stock had a trading volume of 546,063 shares, compared to its average volume of 719,878. The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of 37.95, a price-to-earnings-growth ratio of 2.06 and a beta of 1.17. Powell Industries, Inc. has a 1-year low of $92.59 and a 1-year high of $328.00. The stock has a 50 day moving average of $192.61 and a two-hundred day moving average of $232.40.

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

Powell Industries Announces Dividend

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

Insider Transactions at Powell Industries

In other Powell Industries news, VP William Marshall Mauney, Jr. sold 301 shares of Powell Industries stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $187.67, for a total value of $56,488.67. Following the transaction, the vice president owned 10,552 shares in the company, valued at approximately $1,980,293.84. The trade was a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brett Cope sold 4,799 shares of the company’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $187.67, for a total value of $900,628.33. Following the completion of the transaction, the chief executive officer directly owned 507,934 shares in the company, valued at $95,323,973.78. This represents a 0.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,540 shares of company stock valued at $2,029,599 over the last three months. 2.20% of the stock is owned by corporate insiders.

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.