Key Points
- CAO Mary Newman sold 2,000 shares of IES on December 11 at an average price of $477.86, generating $955,720 and reducing her stake to 21,843 shares (an 8.39% decrease) valued at about $10.44 million.
- IES reported recent quarterly results of $3.77 EPS on $897.8 million in revenue, and the stock trades near year highs with a market capitalization of $9.13 billion and a P/E of 30.64.
- Analyst sentiment is positive—MarketBeat shows a consensus Buy (including upgrades to "strong-buy")—and institutions own roughly 86.6% of the shares outstanding.
IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) CAO Mary Newman sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $477.86, for a total value of $955,720.00. Following the completion of the transaction, the chief accounting officer directly owned 21,843 shares in the company, valued at $10,437,895.98. The trade was a 8.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
IES Price Performance
IESC stock opened at $460.16 on Friday. The business has a fifty day moving average price of $401.25 and a 200 day moving average price of $352.32. IES Holdings, Inc. has a fifty-two week low of $146.51 and a fifty-two week high of $482.35. The stock has a market capitalization of $9.13 billion, a price-to-earnings ratio of 30.64 and a beta of 1.75.
IES (NASDAQ:IESC - Get Free Report) last announced its earnings results on Friday, November 21st. The technology company reported $3.77 EPS for the quarter. IES had a return on equity of 36.43% and a net margin of 8.99%.The company had revenue of $897.80 million for the quarter.
Hedge Funds Weigh In On IES
A number of hedge funds and other institutional investors have recently bought and sold shares of IESC. Opal Wealth Advisors LLC bought a new stake in shares of IES during the 2nd quarter valued at $25,000. Global Retirement Partners LLC grew its stake in shares of IES by 1,014.3% during the third quarter. Global Retirement Partners LLC now owns 78 shares of the technology company's stock worth $31,000 after purchasing an additional 71 shares during the period. Nisa Investment Advisors LLC increased its holdings in IES by 841.7% in the second quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company's stock valued at $33,000 after purchasing an additional 101 shares during the last quarter. SBI Securities Co. Ltd. lifted 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 buying an additional 60 shares during the period. Finally, Spire Wealth Management acquired a new position in IES in the third quarter valued at about $40,000. 86.60% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of IES from a "buy" rating to a "strong-buy" rating in a research report on Sunday, November 30th. Weiss Ratings reissued a "buy (b-)" rating on shares of IES in a research note on Monday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy".
Check Out Our Latest Analysis on IES
About IES
(
Get Free Report)
IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.
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