IES (NASDAQ:IESC) Stock to Split on Friday, August 14th

Shares of IES Holdings, Inc. (NASDAQ:IESC) are set to split on Friday, August 14th. The 2-1 split was recently announced. The newly issued shares will be issued to shareholders after the closing bell on Thursday, August 13th.

IES Stock Performance

IESC opened at $784.03 on Thursday. The business’s fifty day moving average is $679.24 and its two-hundred day moving average is $578.66. The company has a market cap of $15.62 billion, a price-to-earnings ratio of 34.83 and a beta of 1.79. IES has a one year low of $309.51 and a one year high of $804.00.

IES (NASDAQ:IESC) last posted its earnings results on Friday, July 31st. The technology company reported $6.70 earnings per share for the quarter, beating the consensus estimate of $4.83 by $1.87. IES had a return on equity of 35.70% and a net margin of 11.40%.The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.08 billion.

Analyst Ratings Changes

A number of equities research analysts recently commented on IESC shares. Wall Street Zen raised shares of IES from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Weiss Ratings restated a “buy (b)” rating on shares of IES in a research report on Thursday, June 18th. Finally, Freedom Capital downgraded shares of IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, IES presently has an average rating of “Moderate Buy” and a consensus target price of $458.00.

Insider Transactions at IES

In other news, Chairman Jeffrey L. Et Al Gendell sold 46,720 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $756.47, for a total value of $35,342,278.40. Following the completion of the transaction, the chairman directly owned 10,406,559 shares of the company’s stock, valued at $7,872,249,686.73. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Tracy Mclauchlin sold 3,000 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $662.61, for a total value of $1,987,830.00. Following the sale, the chief financial officer directly owned 62,525 shares in the company, valued at approximately $41,429,690.25. The trade was a 4.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 160,076 shares of company stock valued at $114,124,105 over the last three months. 56.43% of the stock is currently owned by insiders.

Institutional Investors Weigh In On IES

Several hedge funds have recently modified their holdings of the company. Optiver Holding B.V. raised its position in shares of IES by 62.5% in the first quarter. Optiver Holding B.V. now owns 52 shares of the technology company’s stock valued at $25,000 after buying an additional 20 shares during the last quarter. Parallel Advisors LLC boosted its position in IES by 121.4% during the first quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock worth $30,000 after acquiring an additional 34 shares during the last quarter. Harbor Investment Advisory LLC purchased a new stake in IES in the 2nd quarter worth approximately $55,000. International Assets Investment Management LLC purchased a new stake in IES in the 4th quarter worth approximately $38,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in 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 acquiring an additional 77 shares during the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

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.