Venture Visionary Partners LLC Buys 3,319 Shares of Powell Industries, Inc. $POWL

Venture Visionary Partners LLC grew its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,599 shares of the industrial products company’s stock after purchasing an additional 3,319 shares during the quarter. Venture Visionary Partners LLC owned about 0.36% of Powell Industries worth $13,899,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in POWL. Kovitz Investment Group Partners LLC grew its stake in shares of Powell Industries by 42.2% in the third quarter. Kovitz Investment Group Partners LLC now owns 2,314,474 shares of the industrial products company’s stock valued at $705,475,000 after buying an additional 686,588 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Powell Industries by 1,230,312.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 775,160 shares of the industrial products company’s stock worth $247,106,000 after acquiring an additional 775,097 shares in the last quarter. Vanguard Group Inc. lifted its stake in Powell Industries by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 706,642 shares of the industrial products company’s stock valued at $225,263,000 after acquiring an additional 6,419 shares during the last quarter. First Trust Advisors LP lifted its stake in Powell Industries by 65.8% in the third quarter. First Trust Advisors LP now owns 615,067 shares of the industrial products company’s stock valued at $187,479,000 after acquiring an additional 244,051 shares during the last quarter. Finally, State Street Corp grew its position in shares of Powell Industries by 0.9% in the 2nd quarter. State Street Corp now owns 352,103 shares of the industrial products company’s stock valued at $74,100,000 after acquiring an additional 3,159 shares during the period. Institutional investors own 89.77% of the company’s stock.

Insider Buying and Selling

In related news, VP William Marshall Mauney, Jr. sold 2,500 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $323.69, for a total value of $809,225.00. Following the transaction, the vice president directly owned 10,853 shares in the company, valued at approximately $3,513,007.57. This represents a 18.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard E. Williams sold 5,250 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $299.19, for a total transaction of $1,570,747.50. Following the transaction, the director directly owned 39,630 shares in the company, valued at approximately $11,856,899.70. This represents a 11.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 174,964 shares of company stock valued at $31,339,200 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Powell Industries from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings upgraded Powell Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Zacks Research downgraded Powell Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Texas Capital raised Powell Industries to a “strong-buy” rating in a research report on Friday, March 27th. Finally, Cantor Fitzgerald lifted their target price on Powell Industries from $160.00 to $320.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $236.67.

Powell Industries Stock Performance

Shares of NASDAQ POWL opened at $294.75 on Monday. The firm has a market cap of $10.74 billion, a P/E ratio of 57.68, a price-to-earnings-growth ratio of 3.85 and a beta of 1.11. Powell Industries, Inc. has a 1-year low of $56.70 and a 1-year high of $328.00. The business’s 50 day moving average is $266.30 and its 200-day moving average is $189.47.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings results on Monday, May 4th. The industrial products company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.09). Powell Industries had a return on equity of 28.61% and a net margin of 16.51%.The firm had revenue of $296.62 million for the quarter, compared to analyst estimates of $298.12 million. During the same period in the previous year, the business posted $3.81 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts forecast that Powell Industries, Inc. will post 5.47 EPS for the current year.

Powell Industries Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.1%. Powell Industries’s dividend payout ratio (DPR) is currently 7.05%.

Powell Industries Profile

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.