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

Venture Visionary Partners LLC raised its stake in Powell Industries, Inc. (NASDAQ:POWL) by 8.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 43,599 shares of the industrial products company’s stock after buying an additional 3,319 shares during the quarter. Venture Visionary Partners LLC’s holdings in Powell Industries were worth $13,899,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Powell Industries by 1,230,312.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 775,160 shares of the industrial products company’s stock worth $247,106,000 after purchasing an additional 775,097 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in 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 purchasing an additional 686,588 shares in the last quarter. First Trust Advisors LP raised 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 purchasing an additional 244,051 shares in the last quarter. Summit Partners Public Asset Management LLC bought a new stake in Powell Industries during the third quarter worth about $43,515,000. Finally, Rock Creek Group LP lifted its position in Powell Industries by 1,900.0% during the fourth quarter. Rock Creek Group LP now owns 150,000 shares of the industrial products company’s stock worth $47,817,000 after purchasing an additional 142,500 shares during the period. 89.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Richard E. Williams sold 5,250 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $299.19, for a total value of $1,570,747.50. Following the completion of the sale, the director directly owned 39,630 shares in the company, valued at $11,856,899.70. This represents a 11.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP William Marshall Mauney, Jr. sold 2,500 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was 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 of the company’s stock, valued at approximately $3,513,007.57. This represents a 18.72% 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 over the last three months. Insiders own 2.20% of the company’s stock.

Powell Industries Stock Performance

POWL stock opened at $294.75 on Monday. The firm has a 50-day moving average price of $266.30 and a 200-day moving average price of $189.47. Powell Industries, Inc. has a 12 month low of $56.70 and a 12 month high of $328.00. The stock has a market capitalization 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 (NASDAQ:POWL) last announced its quarterly earnings results on Monday, May 4th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.09). The company had revenue of $296.62 million for the quarter, compared to the consensus estimate of $298.12 million. Powell Industries had a net margin of 16.51% and a return on equity of 28.61%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $3.81 earnings per share. As a group, equities analysts predict that Powell Industries, Inc. will post 5.47 EPS for the current fiscal year.

Powell Industries Cuts Dividend

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

Analysts Set New Price Targets

Several equities analysts have commented on POWL shares. Texas Capital raised shares of Powell Industries to a “strong-buy” rating in a report on Friday, March 27th. JPMorgan Chase & Co. increased their price target on shares of Powell Industries from $310.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Cantor Fitzgerald lifted their price objective on shares of Powell Industries from $160.00 to $320.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Zacks Research downgraded shares of Powell Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Wall Street Zen cut Powell Industries from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $236.67.

About Powell Industries

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.