Two Sigma Securities LLC Takes $490,000 Position in Powell Industries, Inc. (NASDAQ:POWL)

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

A number of other hedge funds have also recently modified their holdings of POWL. Principal Securities Inc. purchased a new stake in Powell Industries during the fourth quarter valued at approximately $26,000. Smartleaf Asset Management LLC lifted its stake in Powell Industries by 455.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company's stock worth $37,000 after acquiring an additional 132 shares in the last quarter. Blue Trust Inc. purchased a new stake in shares of Powell Industries during the 4th quarter worth $40,000. GeoWealth Management LLC boosted its position in shares of Powell Industries by 123.8% in the 4th quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 99 shares during the period. Finally, Tucker Asset Management LLC purchased a new stake in Powell Industries in the 4th quarter valued at approximately $43,000. Institutional investors own 89.77% of the company's stock.

Powell Industries Trading Up 2.8 %

POWL traded up $5.36 on Friday, reaching $196.49. The company had a trading volume of 133,786 shares, compared to its average volume of 448,071. The company has a market capitalization of $2.37 billion, a P/E ratio of 14.89, a PEG ratio of 0.98 and a beta of 0.67. The company has a fifty day moving average of $173.56 and a 200-day moving average of $227.78. Powell Industries, Inc. has a one year low of $127.01 and a one year high of $364.98.

Powell Industries (NASDAQ:POWL - Get Free Report) last issued its earnings results on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, topping the consensus estimate of $2.83 by $0.03. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. Research analysts predict that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th were issued a dividend of $0.2675 per share. This is an increase from Powell Industries's previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, February 19th. This represents a $1.07 annualized dividend and a dividend yield of 0.54%. Powell Industries's payout ratio is presently 8.12%.

Analyst Upgrades and Downgrades

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

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.