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

IES Holdings, Inc. (NASDAQ:IESC) Director Todd Cleveland sold 181 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were 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 of the company’s stock, valued at $44,552,129. This represents a 0.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

IES Trading Up 2.1%

IESC traded up $10.38 during trading hours on Thursday, hitting $515.05. The company’s stock had a trading volume of 289,370 shares, compared to its average volume of 205,460. The stock has a market cap of $10.26 billion, a price-to-earnings ratio of 30.64 and a beta of 1.72. The business’s 50-day moving average price is $444.73 and its 200-day moving average price is $406.13. IES Holdings, Inc. has a 12 month low of $146.51 and a 12 month high of $537.70.

IES (NASDAQ:IESC) last posted its earnings results on Friday, January 30th. The technology company reported $3.71 earnings per share for the quarter, missing analysts’ consensus estimates 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.

Hedge Funds Weigh In On IES

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in IES by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the technology company’s stock worth $810,000 after buying an additional 223 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of IES by 6.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,787 shares of the technology company’s stock worth $3,762,000 after acquiring an additional 1,435 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of IES during the second quarter worth $270,000. Nisa Investment Advisors LLC raised its holdings in IES by 841.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock valued at $33,000 after acquiring an additional 101 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in IES by 20.0% during the second quarter. Envestnet Asset Management Inc. now owns 2,985 shares of the technology company’s stock worth $884,000 after buying an additional 498 shares in the last quarter. 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 analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of IES in a report on Monday, December 22nd. Wall Street Zen lowered shares of IES from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Loop Capital set a $458.00 price target on IES in a report on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, IES has a consensus 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.