Key Points
- CEO Matthew Simmes sold 5,000 shares on Feb. 18 at an average price of $506.26 for $2.53M, trimming his stake by about 5.07% to 93,575 shares (≈$47.37M).
- IES missed its latest quarter with EPS of $3.71 vs. $3.94 expected and revenue of $870.96M vs. $876M, while the stock trades near $519.67 with a market cap of ~$10.36B, a PE of ~30.9, and a consensus Buy rating with a $458 price target.
IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) CEO Matthew Simmes sold 5,000 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $506.26, for a total value of $2,531,300.00. Following the completion of the sale, the chief executive officer directly owned 93,575 shares of the company's stock, valued at approximately $47,373,279.50. This represents a 5.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
IES Price Performance
NASDAQ:IESC opened at $519.67 on Friday. IES Holdings, Inc. has a fifty-two week low of $146.51 and a fifty-two week high of $537.70. The stock's 50-day moving average is $440.23 and its two-hundred day moving average is $402.07. The stock has a market cap of $10.36 billion, a PE ratio of 30.91 and a beta of 1.72.
IES (NASDAQ:IESC - Get Free Report) last posted its quarterly earnings results 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). IES had a return on equity of 35.62% and a net margin of 9.70%.The company had revenue of $870.96 million during the quarter, compared to analysts' expectations of $876.00 million.
Wall Street Analyst Weigh In
IESC has been the topic of several research analyst reports. Loop Capital set a $458.00 price target on shares of IES in a report on Tuesday, February 3rd. Weiss Ratings reissued a "buy (b)" rating on shares of IES in a research report on Monday, December 22nd. Finally, Wall Street Zen downgraded 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.com, the company presently has a consensus rating of "Buy" and a consensus target price of $458.00.
Get Our Latest Research Report on IESC
Institutional Investors Weigh In On IES
Several institutional investors and hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC boosted its holdings in IES by 1,014.3% in 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 in the last quarter. SBI Securities Co. Ltd. raised its holdings in IES by 157.9% during 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 in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of IES in the fourth quarter worth about $38,000. Steward Partners Investment Advisory LLC boosted its stake in shares of IES by 366.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company's stock worth $38,000 after acquiring an additional 77 shares in the last quarter. Finally, Spire Wealth Management acquired a new position in shares of IES during the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 86.60% of the company's stock.
IES Company Profile
(
Get Free Report)
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.
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