IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) Director Todd Cleveland sold 181 shares of the 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 completion of the sale, the director directly owned 85,636 shares of the company's stock, valued at $44,552,129. The trade was a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
IES Price Performance
Shares of IES stock opened at $502.54 on Friday. The firm's fifty day simple moving average is $446.96 and its 200-day simple moving average is $406.89. IES Holdings, Inc. has a 12 month low of $146.51 and a 12 month high of $537.70. The stock has a market capitalization of $10.01 billion, a price-to-earnings ratio of 29.90 and a beta of 1.72.
IES (NASDAQ:IESC - Get Free Report) last issued its quarterly 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 for the quarter, compared to analyst estimates of $876.00 million.
Analyst Ratings Changes
IESC has been the topic of several recent research reports. Wall Street Zen cut IES from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 7th. Loop Capital set a $458.00 price objective on IES in a research report on Tuesday, February 3rd. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of IES in a report on Monday, December 22nd. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $458.00.
Check Out Our Latest Analysis on IESC
Institutional Trading of IES
Several hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC boosted its stake in shares of IES by 1,014.3% in the third quarter. Global Retirement Partners LLC now owns 78 shares of the technology company's stock valued at $31,000 after buying an additional 71 shares in the last quarter. Nisa Investment Advisors LLC lifted 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 acquiring an additional 101 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of IES during the 4th quarter worth $38,000. Steward Partners Investment Advisory LLC boosted its position 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 purchasing an additional 77 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in shares of IES by 157.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company's stock worth $39,000 after purchasing an additional 60 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.
IES Company Profile
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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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