Powell Industries VP Mauney sells $56,488 in stock

William Marshall Mauney Jr., Vice President of Research & Development at Powell Industries Inc., sold $56,488 worth of the company's common stock on September 30, 2026, and then acquired an additional $95,376 worth of shares on October 1, 2026. The sold shares, valued at $187.67 per share, represented a 14% decrease from its 52-week high of $328.

Mauney's beneficial ownership of the company's stock is currently 11,077 shares, adjusted for a 3-for-1 forward stock split that took effect on April 2, 2026. Powell Industries reported its fiscal third-quarter 2026 results, with revenue of $312 million and adjusted earnings of $1.42 per share, slightly below Wall Street expectations.

Despite this, the company posted record orders and a record backlog. The stock price has since declined, with Cantor Fitzgerald lowering its price target to $235 from $320, citing discussions with the company's CFO and emphasizing the company's configured-to-order approach.

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