IES (NASDAQ:IESC) Director Todd Cleveland Sells 181 Shares of Stock

IES Holdings, Inc. (NASDAQ:IESC) Director Todd Cleveland sold 181 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $520.25, for a total value of $94,165.25. Following the transaction, the director owned 85,636 shares in the company, valued at $44,552,129. This represents a 0.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

IES Price Performance

IES stock opened at $502.54 on Friday. IES Holdings, Inc. has a 12 month low of $146.51 and a 12 month high of $537.70. The stock has a market capitalization of $10.01 billion, a PE ratio of 29.90 and a beta of 1.72. The business has a 50 day simple moving average of $446.96 and a 200-day simple moving average of $406.89.

IES (NASDAQ:IESC) last posted its quarterly earnings results on Friday, January 30th. The technology company reported $3.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.94 by ($0.23). The company had revenue of $870.96 million during the quarter, compared to analyst estimates of $876.00 million. IES had a net margin of 9.70% and a return on equity of 35.62%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Loop Capital set a $458.00 price target on shares of IES in a research note on Tuesday, February 3rd. Wall Street Zen lowered shares of IES from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of IES in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $458.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Global Retirement Partners LLC raised its stake in IES by 1,014.3% during the 3rd quarter. Global Retirement Partners LLC now owns 78 shares of the technology company’s stock worth $31,000 after acquiring an additional 71 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of IES by 841.7% during the second quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock worth $33,000 after purchasing an additional 101 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of IES during the fourth quarter worth about $38,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of IES by 366.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock valued at $38,000 after purchasing an additional 77 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of IES by 157.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock valued at $39,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

IES Company Profile

IES Holdings, Inc (NASDAQ: IESC) is a specialty contractor providing integrated electrical and mechanical construction services, engineering, and systems integration across North America. The company focuses on delivering end-to-end solutions for commercial, industrial and mission-critical facilities, combining design, build, commission and maintenance capabilities to serve a wide range of markets.

Through its subsidiaries, IES offers a comprehensive portfolio of services including electrical distribution and infrastructure, mechanical contracting, process piping, controls and automation, energy management, and ongoing service and maintenance.