IES Holdings, Inc. (NASDAQ:IESC) VP Mary K. Newman Sells 2,500 Shares

IES Holdings, Inc. (NASDAQ:IESC) VP Mary K. Newman sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total transaction of $715,575.00. Following the completion of the transaction, the vice president now directly owns 18,286 shares of the company’s stock, valued at $5,234,001.78. This trade represents a 12.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

IES Stock Performance

IESC stock opened at $309.86 on Friday. The firm has a 50-day simple moving average of $236.46 and a two-hundred day simple moving average of $182.60. IES Holdings, Inc. has a one year low of $68.78 and a one year high of $318.99. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 31.33 and a beta of 1.37.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered IES from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

Institutional Investors Weigh In On IES

Several institutional investors have recently bought and sold shares of the company. FMR LLC increased its position in shares of IES by 4.6% during the third quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock worth $294,687,000 after purchasing an additional 65,145 shares in the last quarter. Vanguard Group Inc. increased its position in IES by 10.0% during the 1st quarter. Vanguard Group Inc. now owns 479,315 shares of the technology company’s stock valued at $58,304,000 after buying an additional 43,634 shares in the last quarter. Royce & Associates LP raised its stake in IES by 15.1% in the third quarter. Royce & Associates LP now owns 294,808 shares of the technology company’s stock valued at $58,850,000 after buying an additional 38,783 shares during the last quarter. State Street Corp grew its stake in shares of IES by 3.2% during the third quarter. State Street Corp now owns 209,943 shares of the technology company’s stock worth $41,909,000 after acquiring an additional 6,492 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of IES by 0.3% during the third quarter. Geode Capital Management LLC now owns 209,146 shares of the technology company’s stock valued at $41,757,000 after acquiring an additional 623 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

IES Company Profile

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.