Venture Visionary Partners LLC Acquires 9,597 Shares of Powell Industries, Inc. $POWL

Key Points

• Venture Visionary Partners LLC significantly increased its stake in Powell Industries, purchasing an additional 9,597 shares, resulting in a total ownership of 11,802 shares valued at approximately $2.48 million.
• Powell Industries reported earnings per share of $3.96 for the last quarter, surpassing analysts' expectations, despite a 7.0% year-over-year decline in revenue.
• The company's recent quarterly dividend was $0.2675 per share, with an annualized yield of 0.4% and a payout ratio of 7.43%.

Venture Visionary Partners LLC increased its holdings in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 435.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,802 shares of the industrial products company's stock after purchasing an additional 9,597 shares during the period. Venture Visionary Partners LLC owned approximately 0.10% of Powell Industries worth $2,484,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Powell Industries by 1.4% in the first quarter. Vanguard Group Inc. now owns 697,887 shares of the industrial products company's stock worth $118,871,000 after purchasing an additional 9,829 shares during the last quarter. Demars Financial Group LLC bought a new stake in Powell Industries in the first quarter worth $58,692,000. Invesco Ltd. increased its position in Powell Industries by 4.1% in the first quarter. Invesco Ltd. now owns 275,979 shares of the industrial products company's stock worth $47,008,000 after purchasing an additional 10,840 shares during the last quarter. New Vernon Capital Holdings II LLC bought a new stake in Powell Industries in the first quarter worth $34,554,000. Finally, GW&K Investment Management LLC bought a new stake in Powell Industries in the first quarter worth $27,984,000. Institutional investors own 89.77% of the company's stock.

Powell Industries Stock Performance

Shares of POWL opened at $303.02 on Tuesday. The company's fifty day moving average is $264.03 and its 200 day moving average is $213.72. Powell Industries, Inc. has a fifty-two week low of $146.02 and a fifty-two week high of $364.98. The stock has a market capitalization of $3.66 billion, a PE ratio of 21.04, a P/E/G ratio of 1.44 and a beta of 0.85.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.96 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $301.69 million. During the same quarter in the previous year, the business posted $3.79 earnings per share. Powell Industries's quarterly revenue was down .7% on a year-over-year basis. As a group, research analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Announces Dividend

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

Insiders Place Their Bets

In other Powell Industries news, EVP Michael William Metcalf sold 3,200 shares of the business's stock in a transaction 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 transaction, the executive vice president owned 25,700 shares in the company, valued at $7,677,618. The trade was a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Birchall sold 3,000 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $260.03, for a total transaction of $780,090.00. Following the transaction, the director owned 6,700 shares in the company, valued at $1,742,201. This trade represents a 30.93% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.20% of the company's stock.

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.

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