Tema Etfs LLC Has $1.76 Million Stock Holdings in Powell Industries, Inc. $POWL

Key Points

• Tema Etfs LLC significantly increased its holdings in Powell Industries, raising its position by 412.5% to own approximately 0.09% of the company, valued at $1.76 million.
• The company's latest quarterly earnings report indicated earnings per share of $3.96, surpassing expectations of $3.73, despite a 0.7% decline in revenue compared to the previous year.
• Powell Industries has declared a quarterly dividend of $0.2675, contributing to a 0.4% annualized dividend yield for shareholders.

Tema Etfs LLC boosted its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 412.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,332 shares of the industrial products company's stock after acquiring an additional 8,316 shares during the quarter. Tema Etfs LLC owned 0.09% of Powell Industries worth $1,760,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc bought a new stake in shares of Powell Industries in the 1st quarter valued at $25,000. Brooklyn Investment Group boosted its stake in shares of Powell Industries by 168.8% in the 1st quarter. Brooklyn Investment Group now owns 172 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 108 shares during the last quarter. Harbour Investments Inc. boosted its stake in shares of Powell Industries by 1,970.0% in the 1st quarter. Harbour Investments Inc. now owns 207 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 197 shares during the last quarter. AlphaQuest LLC boosted its stake in shares of Powell Industries by 472.0% in the 1st quarter. AlphaQuest LLC now owns 429 shares of the industrial products company's stock valued at $73,000 after purchasing an additional 354 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Powell Industries by 29.8% in the 1st quarter. GAMMA Investing LLC now owns 601 shares of the industrial products company's stock valued at $102,000 after purchasing an additional 138 shares during the last quarter. 89.77% of the stock is owned by institutional investors.

Powell Industries Stock Performance

Shares of NASDAQ:POWL traded down $5.11 during trading on Monday, reaching $266.16. The stock had a trading volume of 151,563 shares, compared to its average volume of 301,615. The firm's fifty day moving average is $233.00 and its 200 day moving average is $197.45. Powell Industries, Inc. has a 52 week low of $146.02 and a 52 week high of $364.98. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 1.32 and a beta of 0.85.

Powell Industries (NASDAQ:POWL - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $3.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.73 by $0.23. Powell Industries had a net margin of 16.22% and a return on equity of 33.16%. The company had revenue of $286.27 million for the quarter, compared to the consensus estimate of $301.69 million. During the same quarter in the previous year, the company earned $3.79 EPS. Powell Industries's quarterly revenue was down .7% compared to the same quarter last year. On average, research analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be given a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, August 20th. Powell Industries's payout ratio is presently 7.43%.

Insider Activity at Powell Industries

In related news, CEO Brett Alan Cope sold 6,775 shares of the business's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $210.55, for a total transaction of $1,426,476.25. Following the transaction, the chief executive officer owned 147,471 shares in the company, valued at $31,050,019.05. The trade was a 4.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael William Metcalf sold 3,921 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $210.55, for a total transaction of $825,566.55. Following the transaction, the executive vice president owned 28,900 shares in the company, valued at approximately $6,084,895. The trade was a 11.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,308 shares of company stock worth $4,354,845 in the last quarter. Company insiders own 2.20% of the company's stock.

Powell Industries Profile

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.