Two Sigma Advisers LP Boosts Stake in Powell Industries (POWL)

Two Sigma Advisers LP lifted its position in shares of Powell Industries (NASDAQ:POWL) by 44.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,608 shares of the industrial products company’s stock after buying an additional 12,100 shares during the quarter. Two Sigma Advisers LP’s holdings in Powell Industries were worth $1,135,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. acquired a new stake in shares of Powell Industries during the fourth quarter worth $216,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Powell Industries by 8.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 41,340 shares of the industrial products company’s stock worth $1,185,000 after buying an additional 3,134 shares in the last quarter. Pinebridge Investments L.P. lifted its holdings in shares of Powell Industries by 1,749.0% during the fourth quarter. Pinebridge Investments L.P. now owns 19,932 shares of the industrial products company’s stock worth $571,000 after buying an additional 18,854 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Powell Industries by 19.1% during the fourth quarter. California Public Employees Retirement System now owns 42,104 shares of the industrial products company’s stock worth $1,206,000 after buying an additional 6,753 shares in the last quarter. Finally, Brandywine Global Investment Management LLC lifted its holdings in shares of Powell Industries by 14.4% during the fourth quarter. Brandywine Global Investment Management LLC now owns 377,299 shares of the industrial products company’s stock worth $10,810,000 after buying an additional 47,359 shares in the last quarter. 65.15% of the stock is owned by institutional investors.

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Shares of NASDAQ POWL opened at $29.71 on Friday. Powell Industries has a 52 week low of $22.80 and a 52 week high of $38.73.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings results on Tuesday, February 6th. The industrial products company reported ($0.49) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.33). Powell Industries had a negative return on equity of 4.35% and a negative net margin of 3.95%. The company had revenue of $90.18 million during the quarter, compared to the consensus estimate of $103.34 million. During the same quarter in the previous year, the business posted ($0.03) EPS. The firm’s revenue for the quarter was down 18.2% on a year-over-year basis.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Wednesday, February 21st were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date was Tuesday, February 20th.

Separately, BidaskClub upgraded Powell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday.

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Powell Industries Company Profile

Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy. 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, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.

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Institutional Ownership by Quarter for Powell Industries (NASDAQ:POWL)

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