IES (NASDAQ:IESC) Director Sells $438,488.75 in Stock

IES Holdings, Inc. (NASDAQ:IESC) Director Todd Cleveland sold 875 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $501.13, for a total transaction of $438,488.75. Following the sale, the director owned 79,514 shares of the company’s stock, valued at $39,846,850.82. This trade represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

IES Stock Performance

NASDAQ IESC opened at $430.65 on Friday. The stock has a 50-day simple moving average of $454.77 and a 200 day simple moving average of $412.35. IES Holdings, Inc. has a twelve month low of $146.51 and a twelve month high of $537.70. The stock has a market capitalization of $8.58 billion, a PE ratio of 25.62 and a beta of 1.68.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC increased its holdings in IES by 1,014.3% in the 3rd quarter. Global Retirement Partners LLC now owns 78 shares of the technology company’s stock valued at $31,000 after buying an additional 71 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of IES by 841.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock worth $33,000 after acquiring an additional 101 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of IES during the 4th quarter valued at about $38,000. Steward Partners Investment Advisory LLC boosted its position in shares of IES by 366.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock valued at $38,000 after acquiring an additional 77 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its stake in IES by 157.9% in the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock valued at $39,000 after acquiring an additional 60 shares during the period. 86.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on IESC. Weiss Ratings reiterated a “buy (b)” rating on shares of IES in a research note on Monday, December 22nd. Loop Capital set a $458.00 price target on shares of IES in a research report on Tuesday, February 3rd. Finally, Wall Street Zen downgraded shares of IES from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, IES currently has a consensus rating of “Buy” and a consensus price target of $458.00.

About IES

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.