HOUSTON—Thomas W. Powell, a significant shareholder in Powell Industries Inc. (NASDAQ:POWL), recently sold shares totaling approximately $3.46 million, according to a Form 4 filing with the Securities and Exchange Commission. The transactions, which occurred on November 8, involved multiple sales of common stock at prices ranging from $343.21 to $348.65 per share.
Following the transactions, Powell holds 677,265 shares directly and an additional 1,623,328 shares indirectly through TWP Holdings. Additionally, 4,000 shares are held by his spouse, Kimberly R. Powell. Powell's sale of shares is part of his ongoing management of his investment in the company, where he remains a significant stakeholder.
InvestingPro Insights
While Thomas W. Powell's recent stock sale might raise eyebrows, a closer look at Powell Industries Inc. (NASDAQ:POWL) reveals a company with strong financial performance and positive market sentiment. According to InvestingPro data, POWL's revenue growth has been impressive, with a 44.78% increase in the last twelve months as of Q3 2024. This growth is further underscored by a substantial 208.6% increase in EBITDA over the same period, indicating improved operational efficiency.
The company's financial health appears robust, with InvestingPro Tips highlighting that POWL holds more cash than debt on its balance sheet. This strong liquidity position is complemented by the fact that liquid assets exceed short-term obligations, suggesting a solid foundation for future growth and stability.
Investors have taken notice of POWL's performance, as evidenced by the stock's remarkable 320.75% total return over the past year. This exceptional performance aligns with another InvestingPro Tip indicating that POWL has shown high returns over the last year, month, and three months.
For those interested in a deeper analysis, InvestingPro offers 17 additional tips on Powell Industries, providing a comprehensive view of the company's financial health and market position.
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