Thomas W. Powell, listed as a 10% owner of Powell Industries, sold a total of 24,916 shares of the company’s common stock for aggregate proceeds of $15,126,884, according to a Form 4 filing with the Securities and Exchange Commission. The dispositions took place over a three-day window from February 11 through February 13, 2026.
The transactions were executed in multiple tranches with reported average prices and price ranges as follows:
- February 11, 2026: 7,976 shares sold at an average of $592.2739 per share, with individual trade prices recorded between $592.00 and $592.970, producing $4,724,558 in proceeds.
- February 11, 2026: an additional 2,309 shares sold at an average of $593.5695 per share, with prices ranging from $593.00 to $593.840, for total proceeds of $1,370,451.
- February 12, 2026: 8,511 shares sold at an average of $600.5607 per share, with prices between $600.00 and $600.820, generating $5,111,476.
- February 12, 2026: 6,320 shares sold at an average of $601.3877 per share, with prices from $601.00 to $601.945, for a total of $3,800,774.
- February 12, 2026: 80 shares sold at an average of $602.575 per share, with prices between $602.55 and $602.600, yielding $48,206.
- February 13, 2026: 120 shares sold at an average of $600.0633 per share, with prices ranging from $600.00 to $600.190, for proceeds of $72,008.
Following these sales, the filing shows Powell directly retains 651,949 shares of Powell Industries common stock. In addition to direct holdings, Powell indirectly owns 1,623,328 shares held via TWP Holdings. The filing also notes that his spouse, Kimberly R. Powell, directly holds 4,000 shares.
These moves by a large shareholder coincide with Powell Industries’ recently released fiscal first-quarter 2026 results. The company reported earnings per share of $3.40, a figure that meaningfully exceeded the analyst expectation of $2.94. Revenue for the quarter came in at $251 million, narrowly missing projections but representing a 4.4% increase compared with the same period a year earlier.
Following the earnings release, Cantor Fitzgerald adjusted its valuation outlook for Powell Industries, raising its price target from $427 to $481 while retaining a Neutral rating on the stock. That action signals a degree of cautious optimism from at least one institutional analyst despite the revenue shortfall versus expectations.
Investors and market participants will note the juxtaposition of a meaningful insider sale with an earnings beat and an upgraded price target. The Form 4 disclosure documents the timing and scale of the share disposals in precise detail, and the post-transaction ownership figures show that Powell continues to hold a substantial equity stake both directly and indirectly.
Summary
Thomas W. Powell sold 24,916 Powell Industries shares between February 11 and February 13, 2026, for $15,126,884. The sales were executed across several trades at prices from $592.2739 to $602.575. Afterward, Powell retains significant direct and indirect ownership. Powell Industries reported fiscal Q1 2026 EPS of $3.40, beating expectations, while revenue of $251 million slightly missed forecasts. Cantor Fitzgerald raised its price target to $481 from $427 and kept a Neutral rating.
Key points
- Insider sales: 24,916 shares sold for $15,126,884 across February 11-13, 2026, in multiple transactions at prices between $592.2739 and $602.575.
- Post-sale holdings: Powell directly owns 651,949 shares; indirectly owns 1,623,328 shares via TWP Holdings; spouse Kimberly R. Powell owns 4,000 shares.
- Corporate results and analyst reaction: Q1 EPS of $3.40 beat the $2.94 estimate, revenue of $251 million marginally missed projections but grew 4.4% year over year; Cantor Fitzgerald raised its price target to $481 and maintained a Neutral rating.
Risks and uncertainties
- Revenue shortfall risk: the company’s $251 million revenue figure slightly missed projections, which could affect near-term market sentiment.
- Interpretation of insider sales: the sizable sale by a 10% owner may raise questions among equity investors about timing or intent, even though substantial direct and indirect holdings remain.
- Analyst positioning: while Cantor Fitzgerald raised its price target, it maintained a Neutral rating, indicating measured confidence rather than an unequivocal bullish stance.
The filing and the company’s reported results together provide the factual basis for assessing ownership changes and the financial trajectory reported for the quarter. Market reaction will depend on investor interpretation of the insider sales relative to the company’s earnings performance and the retained ownership stakes.