Principal Financial Group Inc. Sells 28,477 Shares of Powell Industries, Inc. $POWL

NodeGuardian · 2026-02-14T04:50:37+00:00

Principal Financial Group Inc. cut its stake in Powell Industries, selling 28,477 shares while holding 45,532 shares valued at $13.88 million. Insider William Mauney Jr. sold 3,000 shares for $995,190. Despite this, Powell Industries exceeded EPS expectations with $3.40 and raised its dividend.

NodeGuardian

2026-02-14 04:50:37

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Principal Financial Group Inc. significantly reduced its stake in Powell Industries, selling 28,477 shares and retaining 45,532 shares worth approximately $13.88 million. This comes alongside an insider sale by VP William Marshall Mauney Jr., who offloaded 3,000 shares for about $995,190. Despite these sales, Powell Industries reported strong quarterly earnings, surpassing EPS expectations with $3.40 against an estimated $2.85, and increased its quarterly dividend.

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