Two Sigma Securities LLC Purchases New Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Two Sigma Securities LLC acquired a new position in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,209 shares of the industrial products company's stock, valued at approximately $490,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in POWL. Vanguard Group Inc. increased its position in shares of Powell Industries by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 688,058 shares of the industrial products company's stock worth $152,508,000 after purchasing an additional 24,997 shares during the period. American Century Companies Inc. grew its stake in Powell Industries by 8.3% during the fourth quarter. American Century Companies Inc. now owns 351,750 shares of the industrial products company's stock worth $77,965,000 after buying an additional 27,029 shares in the last quarter. Invesco Ltd. increased its holdings in Powell Industries by 134.0% in the 4th quarter. Invesco Ltd. now owns 265,139 shares of the industrial products company's stock valued at $58,768,000 after buying an additional 151,850 shares during the period. First Trust Advisors LP raised its position in shares of Powell Industries by 24.1% in the 4th quarter. First Trust Advisors LP now owns 122,825 shares of the industrial products company's stock valued at $27,224,000 after buying an additional 23,839 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Powell Industries during the 4th quarter worth approximately $22,556,000. 89.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Powell Industries Stock Up 1.2 %

Shares of POWL stock opened at $186.60 on Friday. The business has a fifty day simple moving average of $173.25 and a 200 day simple moving average of $229.58. The company has a market cap of $2.25 billion, a P/E ratio of 14.17, a P/E/G ratio of 0.98 and a beta of 0.67. Powell Industries, Inc. has a twelve month low of $127.01 and a twelve month high of $364.98.

Powell Industries (NASDAQ:POWL - Get Free Report) last posted its earnings results on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, topping analysts' consensus estimates of $2.83 by $0.03. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. As a group, equities research analysts anticipate that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th were paid a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Wednesday, February 19th. This is a boost from Powell Industries's previous quarterly dividend of $0.27. Powell Industries's payout ratio is presently 8.12%.

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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