Thomas W. Powell, identified as a 10% owner of Powell Industries Inc. (NASDAQ:POWL), disposed of shares totaling $10,000,291 on June 25, 2026, according to a recent SEC filing.
The transaction involved the contribution of 33,958 shares of Powell Industries common stock to an exchange fund. For this purpose, the shares were valued at $294.49 each to determine the number of exchange fund shares issued to Mr. Powell. The stock currently trades at $279.17, reflecting the company's remarkable 322% return over the past year. According to InvestingPro analysis, Powell Industries appears overvalued at current levels relative to its Fair Value estimate. Investors can access detailed valuation metrics and 17 additional InvestingPro Tips, plus a comprehensive Pro Research Report covering POWL's financial health and growth prospects.
Following this transaction, Mr. Powell directly holds 564,736 shares of Powell Industries common stock. Additionally, he has indirect holdings, including 6,000 shares held by the KRP 2025 Revocable Trust, a trust established for his spouse, and 1,623,328 shares held in TWP Holdings. Mr. Powell disclaims beneficial ownership of these indirectly held securities, except to the extent of his pecuniary interest, as noted in the filing. The KRP 2025 Revocable Trust shares are held directly by the trust, of which his spouse is the sole trustee.
The Form 4 report was filed on June 26, 2026.
In other recent news, Powell Industries reported its Q2 2026 earnings, which showed an earnings per share (EPS) of $1.25, missing the forecast of $1.35 by 7.41%. The company's revenue reached $297 million, slightly below the expected $297.11 million. Despite these figures not meeting expectations, the company's stock saw a rise, indicating investor optimism about Powell's future growth prospects. Additionally, Rogers Corporation announced the election of Brett Cope and Eric Starkloff to its board of directors. Brett Cope, who currently serves as Chairman of the Board, President, and Chief Executive Officer of Powell Industries, brings substantial experience to the role. Cope's previous positions include engineering and sales management roles at ABB Ltd. These developments highlight recent strategic moves by Powell Industries and Rogers Corporation.
FollowAnalyze POWLIncluded in our AI-picked strategies·Review strategies279.17▼-30.03(-9.71%)Closed·15:59:59·USD282.17▲+2.40(+0.86%)After Hours·17:58:331D1W1M6M1Y5YMaxCreated with Highcharts 11.4.814:0015:0016:0017:0018:0019:00270280290Analyze POWLThis article was generated with the support of AI and reviewed by an editor. For more information see our T&C.Is POWL a bargain right now?The fastest way to find out is with our Fair Value calculator. We use a mix of 17 proven industry valuation models for maximum accuracy. Get the bottom line for POWL plus thousands of other stocks and find your next hidden gem with massive upside.See Undervalued Stocks