Powell Industries, Inc. $POWL Shares Acquired by Tema Etfs LLC

Tema Etfs LLC lifted its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL) by 34.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 13,932 shares of the industrial products company’s stock after purchasing an additional 3,600 shares during the quarter. Tema Etfs LLC’s holdings in Powell Industries were worth $2,932,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New Vernon Capital Holdings II LLC bought a new position in Powell Industries in the first quarter worth about $34,554,000. RPG Investment Advisory LLC raised its position in shares of Powell Industries by 342.4% during the 1st quarter. RPG Investment Advisory LLC now owns 154,126 shares of the industrial products company’s stock worth $26,252,000 after purchasing an additional 119,289 shares during the period. HITE Hedge Asset Management LLC bought a new stake in shares of Powell Industries in the 1st quarter worth approximately $16,405,000. First Trust Advisors LP lifted its holdings in shares of Powell Industries by 31.7% in the 2nd quarter. First Trust Advisors LP now owns 371,016 shares of the industrial products company’s stock worth $78,080,000 after purchasing an additional 89,407 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in Powell Industries by 137.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 134,946 shares of the industrial products company’s stock valued at $22,985,000 after purchasing an additional 78,163 shares during the period. Institutional investors and hedge funds own 89.77% of the company’s stock.

Insider Transactions at Powell Industries

In related news, EVP Michael William Metcalf sold 3,200 shares of Powell Industries stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $298.74, for a total transaction of $955,968.00. Following the transaction, the executive vice president directly owned 25,700 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by insiders.

Powell Industries Trading Up 4.2%

Shares of NASDAQ:POWL opened at $336.93 on Friday. The company has a 50 day moving average of $334.33 and a 200-day moving average of $265.81. The firm has a market cap of $4.07 billion, a P/E ratio of 22.69, a P/E/G ratio of 1.51 and a beta of 0.87. Powell Industries, Inc. has a twelve month low of $146.02 and a twelve month high of $413.00.

Powell Industries (NASDAQ:POWL) last announced its earnings results on Tuesday, November 18th. The industrial products company reported $4.22 EPS for the quarter, topping the consensus estimate of $3.76 by $0.46. The firm had revenue of $297.98 million for the quarter, compared to analysts’ expectations of $292.85 million. Powell Industries had a return on equity of 31.80% and a net margin of 16.37%.The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.77 earnings per share. Equities research analysts forecast that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be paid a dividend of $0.2675 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $1.07 annualized dividend and a yield of 0.3%. Powell Industries’s dividend payout ratio (DPR) is currently 7.21%.

Analyst Ratings Changes

POWL has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Powell Industries in a research report on Monday. Roth Capital reissued a “buy” rating and set a $350.00 price target on shares of Powell Industries in a report on Wednesday, November 19th. Finally, Wall Street Zen raised shares of Powell Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $331.00.

Powell Industries Company 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.