IES (NASDAQ:IESC) Director Sells $102,708.00 in Stock

IES Holdings, Inc. (NASDAQ:IESC) Director Todd Cleveland sold 200 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $513.54, for a total transaction of $102,708.00. Following the sale, the director owned 80,617 shares in the company, valued at $41,400,054.18. This represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

IES Trading Up 1.1%

IESC opened at $430.65 on Friday. The stock has a 50-day moving average of $454.77 and a 200 day moving average of $412.35. IES Holdings, Inc. has a 12 month low of $146.51 and a 12 month high of $537.70. The firm has a market cap of $8.58 billion, a P/E ratio of 25.62 and a beta of 1.68.

IES (NASDAQ:IESC) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $876.00 million. IES had a net margin of 9.70% and a return on equity of 35.62%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC boosted its position 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. SBI Securities Co. Ltd. increased its position in shares of IES by 157.9% during the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock worth $39,000 after acquiring an additional 60 shares during the period. International Assets Investment Management LLC bought a new stake in shares of IES during the fourth quarter valued at approximately $38,000. Steward Partners Investment Advisory LLC raised its stake in shares of IES by 366.7% during the fourth 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, Spire Wealth Management purchased a new stake in shares of IES in the third quarter valued at approximately $40,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

IESC has been the topic of several recent analyst reports. Loop Capital set a $458.00 target price on shares of IES in a research note on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of IES in a report on Monday, December 22nd. Finally, Wall Street Zen downgraded shares of IES from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $458.00.

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.