Tema Etfs LLC Acquires Shares of 2,016 Powell Industries, Inc. (NASDAQ:POWL)

Tema Etfs LLC acquired a new stake in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,016 shares of the industrial products company's stock, valued at approximately $447,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hanseatic Management Services Inc. bought a new position in shares of Powell Industries during the 4th quarter valued at about $248,000. Merit Financial Group LLC boosted its holdings in shares of Powell Industries by 103.9% during the 4th quarter. Merit Financial Group LLC now owns 4,922 shares of the industrial products company's stock valued at $1,091,000 after purchasing an additional 2,508 shares during the last quarter. Bay Rivers Group boosted its holdings in shares of Powell Industries by 105.4% during the 4th quarter. Bay Rivers Group now owns 2,294 shares of the industrial products company's stock valued at $508,000 after purchasing an additional 1,177 shares during the last quarter. Perigon Wealth Management LLC bought a new position in shares of Powell Industries during the 4th quarter valued at about $251,000. Finally, Barclays PLC boosted its holdings in shares of Powell Industries by 198.1% during the 3rd quarter. Barclays PLC now owns 60,969 shares of the industrial products company's stock valued at $13,536,000 after purchasing an additional 40,515 shares during the last quarter. Institutional investors own 89.77% of the company's stock.

Powell Industries Trading Up 3.0%

Shares of NASDAQ POWL opened at $183.17 on Monday. The firm's 50-day moving average price is $178.32 and its 200-day moving average price is $221.20. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 0.98 and a beta of 0.78. Powell Industries, Inc. has a 12-month low of $127.01 and a 12-month high of $364.98.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its earnings results on Tuesday, May 6th. The industrial products company reported $3.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.47. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. The firm had revenue of $278.63 million for the quarter, compared to analysts' expectations of $282.68 million. During the same period in the prior year, the company earned $2.75 EPS. The business's revenue was up 9.2% compared to the same quarter last year. On average, equities analysts predict that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st will be given a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Wednesday, May 21st. Powell Industries's dividend payout ratio (DPR) is currently 7.52%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Powell Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, March 11th.

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.

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