Powell Industries, Inc. (POWL) Position Reduced by California State Teachers Retirement System

California State Teachers Retirement System trimmed its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL) by 10.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,640 shares of the industrial products company’s stock after selling 1,900 shares during the quarter. California State Teachers Retirement System owned about 0.14% of Powell Industries worth $500,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its holdings in shares of Powell Industries by 6.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 35,890 shares of the industrial products company’s stock worth $1,237,000 after purchasing an additional 2,052 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Powell Industries by 7.9% in the 2nd quarter. Bessemer Group Inc. now owns 8,200 shares of the industrial products company’s stock worth $262,000 after purchasing an additional 600 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Powell Industries by 49.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 49,823 shares of the industrial products company’s stock worth $1,594,000 after purchasing an additional 16,501 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Powell Industries by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 476,740 shares of the industrial products company’s stock worth $15,251,000 after purchasing an additional 17,107 shares in the last quarter. Finally, Heartland Advisors Inc. boosted its holdings in shares of Powell Industries by 93.4% in the 2nd quarter. Heartland Advisors Inc. now owns 299,501 shares of the industrial products company’s stock worth $9,581,000 after purchasing an additional 144,653 shares in the last quarter. Institutional investors and hedge funds own 65.45% of the company’s stock.

Powell Industries, Inc. (POWL) opened at $28.32 on Thursday. Powell Industries, Inc. has a fifty-two week low of $22.80 and a fifty-two week high of $46.20. The stock has a market capitalization of $323.66, a PE ratio of 138.38 and a beta of 0.85.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings data on Tuesday, December 5th. The industrial products company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.23). Powell Industries had a return on equity of 0.71% and a net margin of 0.27%. The firm had revenue of $95.00 million during the quarter, compared to analysts’ expectations of $87.96 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. Powell Industries’s revenue for the quarter was down 26.8% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Tuesday, November 21st will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Monday, November 20th. Powell Industries’s payout ratio is currently -125.30%.

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Powell Industries Profile

Powell Industries, Inc develops design, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy designed to distribute, control and monitor the flow of electrical energy, and provide protection to motors, transformers and other electrically powered equipment.

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

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