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HOUSTON—Michael William Metcalf, Executive Vice President of Powell Industries Inc. (NASDAQ:POWL), recently sold a portion of his holdings in the company, according to a recent SEC filing. The transaction, dated March 25, 2025, involved the sale of 646 shares of common stock, generating approximately $129,355. The shares were sold at an average price of $200.24, within a range of $200.00 to $200.51. The stock, which currently trades at $180.92, has shown strong fundamentals with a P/E ratio of 13.7 and robust revenue growth of 38% over the last twelve months. According to InvestingPro analysis, the company appears undervalued based on its Fair Value calculations.
Following this transaction, Metcalf retains ownership of 35,554 shares in Powell Industries. The sale was conducted under a Rule 10b5-1 trading plan that Metcalf adopted on November 26, 2024. This plan allows company insiders to set up a predetermined schedule for selling stocks, providing a degree of protection against accusations of insider trading. InvestingPro analysis reveals the company maintains excellent financial health with a "GREAT" overall score, supported by strong profitability metrics and solid balance sheet fundamentals. Subscribers can access 10 additional ProTips and comprehensive financial analysis in the Pro Research Report.
Powell Industries, headquartered in Houston, specializes in the manufacturing of switchgear and switchboard apparatus. The company, with a market capitalization of $2.17 billion, has maintained consistent dividend payments and demonstrates strong cash flow management.
In other recent news, Powell Industries reported impressive financial results for the first quarter of fiscal year 2025, surpassing both earnings and revenue expectations. The company achieved earnings per share of $2.86, exceeding the anticipated $2.61, and generated $241 million in revenue, above the forecasted $230.88 million. This reflects a 24% increase in revenue year-over-year and a 44% rise in net income. Powell Industries also announced a significant order for a domestic LNG project, valued at approximately $75 million, which contributed to a robust backlog of $1.3 billion. Additionally, the company’s board approved an amendment to its Certificate of Incorporation, including exculpation provisions for certain officers, following a stockholder vote. During the same meeting, three directors were re-elected to the board, and the executive compensation plan received advisory approval from stockholders. Analysts from Roth and Sidoti expressed interest in the company’s future prospects, particularly in the LNG sector and capacity expansion plans. Powell Industries remains optimistic about its future, with continued strength expected in the oil and gas and petrochemical markets.
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