IES Holdings, Inc. $IESC Shares Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC raised its stake in IES Holdings, Inc. (NASDAQ:IESC) by 151.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 8,719 shares of the technology company’s stock after purchasing an additional 5,251 shares during the period. Moran Wealth Management LLC’s holdings in IES were worth $4,154,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in IES during the fourth quarter valued at $38,000. Steward Partners Investment Advisory LLC increased its stake in shares of IES by 366.7% in the fourth 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 period. Global Retirement Partners LLC increased its position in IES by 59.0% in the 4th quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock valued at $48,000 after acquiring an additional 46 shares during the period. Larson Financial Group LLC increased its holdings in shares of IES by 2,100.0% during the fourth quarter. Larson Financial Group LLC now owns 132 shares of the technology company’s stock valued at $51,000 after purchasing an additional 126 shares during the period. Finally, Greenline Wealth Management LLC acquired a new position in IES during the 4th quarter valued at about $56,000. 86.60% of the stock is currently owned by institutional investors.

IES Price Performance

Shares of IESC opened at $654.00 on Friday. The company has a 50-day moving average of $685.57 and a two-hundred day moving average of $540.48. The stock has a market cap of $13.03 billion, a price-to-earnings ratio of 34.88 and a beta of 1.78. IES Holdings, Inc. has a one year low of $291.00 and a one year high of $804.00.

IES (NASDAQ:IESC) last issued its quarterly earnings results on Friday, May 1st. The technology company reported $4.16 EPS for the quarter, beating the consensus estimate of $3.95 by $0.21. IES had a net margin of 10.40% and a return on equity of 33.97%. The business had revenue of $974.20 million during the quarter, compared to the consensus estimate of $1.01 billion.

Wall Street Analysts Forecast Growth

IESC has been the topic of several research analyst reports. Wall Street Zen cut IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Freedom Capital cut IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of IES in a research report on Thursday, June 18th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $458.00.

Insider Activity

In other news, CFO Tracy Mclauchlin sold 3,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $662.61, for a total value of $1,987,830.00. Following the completion of the sale, the chief financial officer owned 62,525 shares of the company’s stock, valued at $41,429,690.25. This trade represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Jeffrey L. Et Al Gendell sold 46,720 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $756.47, for a total value of $35,342,278.40. Following the transaction, the chairman directly owned 10,406,559 shares in the company, valued at $7,872,249,686.73. The trade was a 0.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 208,102 shares of company stock worth $146,518,202 over the last quarter. Corporate insiders own 56.43% of the company’s stock.

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.